If not for economic and political damage, one might consider the present concern about climate change nothing more than just another environmentalist fad, like the Alar apple scare or the global cooling fears of the 1970s. Given that so much is at stake, however, it is essential that people better understand the issue.
Water Markets in Texas
Texas water law should be updated to embrace free market transactions that have been incorporated into other Texas statutes governing markets such as electricity, telecommunications, and insurance. Key points: The best instrument for optimizing allocation of scarce water resources is the exercise of private property rights in a competitive marketplace, otherwise known as a water...