Stewart Dompe is an instructor of economics at Johnson & Wales University. He has published articles in Econ Journal Watch and is a contributor to Homer Economicus: Using The Simpsons to Teach Economics.
Market prices coordinate economic activity. Water managers cannot indefinitely increase supply so they instead rely on demand management. This is why, in Los Angeles, some home owners are being paid to tear out their lawns in the aptly named cash-for-grass program. This is also why Governor Jerry Brown threatened to fine people for taking long showers. They have yet to set up a hotline so you can snitch on your neighbors. All of these policies are failed attempts to achieve the results of higher prices.
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April 16, 2040, 11:00 AMREGISTER