Worried about droughts? Embrace water markets

FREEcology

In the last few years, California experienced a long, severe drought. It was extremely  painful, but not as painful as it might have been because California has water markets that helped the water flow to those who needed it most. Strengthening and expanding water markets could have furthered reduced this pain.

Courtesy of Jose Manuel Suarez

Yet in Water Deeply, environmental activist Gary Wockner bemoans that so many environmentalists are embracing markets to resolve environmental conflicts. His critique says more about the growing schisms between environmentalists than the merits of water markets.

Wockner offers three criticisms of water markets: (1) they commoditize water; (2) he hasn’t seen a quantified analysis of whether they are successful, under a test that he has devised but does not articulate; and (3) they, along with other free market environmental reforms, are pushing environmentalists away from his preferred model of lobbying and litigation (political…

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If the goal is to guide human action, environmental markets work better than indecipherable regulations

FREEcology

One of the greatest strengths of free market environmentalism approaches to environmental problems is that they facilitate the development of new information about the environment and provide an effective means for people to act on that information. Where there’s a market for some environmental benefit, the people who value it have a strong incentive to discover more information about it and, thanks to the price signal, others can act on that new knowledge without having to know it themselves.

For instance, suppose a plucky environmentalist discovers that a farmer’s practices reduce water quality to a distant stream through a complex hydrological process. If there’s a cost effective substitute or a means of mitigating its effects on the stream, the environmentalist can pay the farmer to change his behavior. If the price is right, the farmer will change his behavior without having to understand the complex process by which his…

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History of Styles and Titles Part III: Hanover to Windsor.

European Royal History

The kingdoms of England and Scotland were formally united into a single Kingdom of Great Britain in 1707 by the Act of Union. Queen Anne consequently assumed the title “Queen of Great Britain, France and Ireland, Defender of the Faith, etc.”. It remained in use until 1801, when Great Britain and Ireland combined to become the United Kingdom. George III used the opportunity to drop both the reference to France and “etc.” from the style. It was suggested to him that he assume the title “Emperor”, but he rejected the proposal. Instead, the style became “King of the United Kingdom of Great Britain and Ireland, Defender of the Faith”.

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King of the United Kingdom of Great Britain and Ireland, Defender of the Faith

In 1876 “Empress of India” was added to Queen Victoria’s titles by the Royal Titles Act 1876, so that the Queen of the United Kingdom, the ruler…

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Part 2: The Second World Wars with Victor Davis Hanson

Some cultures are more enlightened than others

Gender wage gaps

Frank Easterbrook on judging is hard

Real business cycle theory explained

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Why Men Pay To Stay Married and women nag

From Steven Landsburg https://slate.com/culture/2000/12/why-men-pay-to-stay-married.html

Maldives To Open Five New Underwater Airports This Year

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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https://maldives.net.mv/31166/maldives-to-open-five-new-airports-in-2019/

Which is all very surprising, because the experts in 1988 told us that the Maldives would all be under water by now:

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