“If people can’t trade water, then they just keep doing the same things that they’ve been doing.” – Reed Watson, executive director of the Property Environment Research Center (PERC) I live in California. You may have heard that it is in a major drought. At the end of the winter in 2015, the snowpack whichContinue reading “Water is Free, Isn’t It?”
Tag Archives: Adam Smith
Weekend Postcard: Economics at Work
“Give me that which I want, and you shall have this which you want…” Adam Smith This picture is of sheep grazing (and resting) at a local winery‘s vineyard, Vigilance Winery and Vineyard (which, by the way, has a great sunrise picture). This shows economics at work. The rancher obviously thought it worthwhile to transportContinue reading “Weekend Postcard: Economics at Work”
Nullius in Verba 