To: Wharf Rat who wrote (41 ) 5/30/2016 9:18:35 PM From: Solon Read Replies (1) | Respond to of 193 Donald cuts through the crap and sees the essence of things! California Water -- The Problem Is The Price, Not The Drought "Except, of course, that Trump is actually correct here. There is no existential shortage of water in the state, not at all. What there is is misallocation of water and that misallocation is because water is incorrectly priced there. The solution therefore is to get the pricing right: then the allocation will be. We also know something more about this: it doesn’t matter what the current or original allocations are. Getting the price right will solve the problem." 0 --> I'm a Fellow at the Adam Smith Institute in London, a writer here and there on this and that and strangely, one of the global experts on the metal scandium, one of the rare earths. An odd thing to be but someone does have to be such and in this flavour of our universe I am. I have written for The Times, Daily Telegraph, Express, Independent, City AM, Wall Street Journal, Philadelphia Inquirer and online for the ASI, IEA, Social Affairs Unit, Spectator, The Guardian, The Register and Techcentralstation. I've also ghosted pieces for several UK politicians in many of the UK papers, including the Daily Sport. The author is a Forbes contributor. The opinions expressed are those of the writer. Much amusement around and about the place as Donald Trump tells California that there is no drought and that when he’s President then there will be plenty of water for everyone. The amusement being that of course, how could anyone spout such nonsense, everyone knows that California’s had a drought for years now!?! Except, of course, that Trump is actually correct here. There is no existential shortage of water in the state, not at all. What there is is misallocation of water and that misallocation is because water is incorrectly priced there. The solution therefore is to get the pricing right: then the allocation will be. We also know something more about this: it doesn’t matter what the current or original allocations are. Getting the price right will solve the problem. So, he’s not being quite as stupid as some people think he is :California, the alarming statistics about your historic drought are not fooling Donald Trump. The presumptive GOP presidential nominee — and quack meteorologist — denied the existence of California’s relentless drought Friday. “There is no drought,” he told a crowd of Californians who have watched their state’s agriculture industry wither from years of excruciating dryness. The Golden State is, in fact, in the midst of a record-breaking drought. The past four years have been the driest in the state’s history. Last year was so bad that ski resorts had to close early, lawmakers passed ultra-stiff standards on faucets and Starbucks SBUX -0.28% even moved water bottling operations out of the state. Whatever it is that Donald Trump is claiming I am not, I hasten to note, trying to claim that California doesn’t have less water than it is used to. Sure, precipitation has been low, the snowpack meagre, agreed, there’s less water around than there used to be. However, we do have an area of science, a method of study if you prefer, that tells us how to deal with having not very much of something. That is economics: the study of the allocation of scarce resources. And the answer is that we want to have such scarce resources allocated by price :Donald Trump told voters in drought-plagued California on Friday that he had a solution to the water crisis: Open up the water for farmers, because “there is no drought.” “We’re going to solve your water problem. You have a water problem that is so insane,” the presumptive Republican presidential nominee told a crowd filled with farmers in Fresno. “It is so ridiculous where they’re taking the water and shoving it out to sea.” California is now in its fifth year of drought, which has taken a heavy toll on agriculture in particular. Despite an El Niño event that saw an increase last year in snowpacks that supply about one-third of California’s water, 86 percent of the state is still considered to be in drought. Trump insinuated that state officials are mismanaging water policy, at the cost of farmers and their crops. Farmers have sharply criticized the state’s irrigation policies, after cuts to water allotments forced them to leave more than a million acres of farmland uncultivated last year.