As everyone knows, the West, and especially northern California, has been suffering from a year-long drought, leading numerous statists and busybodies to leap in to control, ration, and ordain. The water “shortage” may not be exactly blamed on the private sector, but it is there, supposedly, and surely government must leap in to combat it—not, of course, by creating more water, but by mucking up the distribution of the greater scarcity.
The first thing to be said about this is that on the free market, regardless of the stringency of supply, there is never any “shortage”, that is, there […]
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