Thursday, August 20, 2009

In the Market for Water...

In a recent article over at Freakonomics, Daniel Hamermesh points out that market pricing might help citizens of Central Texas get through the worst drought in 50 years... It is very short but a good read...

Market pricing is tough to enforce for goods that are required for daily life though. People that don't want to pay honest market rates have an easy job framing the discussion in terms of limiting access of necessities to the poor.