Description

This is Wenzel at his sardonic best. Who ever thought that the economic analysis of a water shortages could be so in-your-face? And that it would result in a physical confrontation in a health club? This brief essay discusses the economics of so-called water ""shortages"" and why water should not be treated differently than any other economic good. It includes an analysis of how government regulation of water supplies leads to all the current water shortage problems. The paper also includes a discussion of the economic concept of prices as signals and the government regulation of water as a type of central planning that leads to disaster. It's the usual hard hitting, fun analysis that readers have come to expect from Robert Wenzel. This ""confrontation at the health club"" is not the kind of story you are going to find anywhere else. LARGE PRINT EDITION