Heavy Rainfall Is Easing California's Drought Crisis. A Free Market in Water Would Actually Solve the Problem.

Q&A with Reed Watson of the Property and Environment Research Center

California officials lifted the most extreme drought restrictions this week thanks to above average rainfall in the Northern part of the state. Yet 70 percent of the Golden State is still experiencing severe drought conditions.

In a recent interview with Reason TV, Reed Watson of the Property and Environment Research Center (PERC) offered a policy solution to the drought problem: better defined property rights and a robust market in water.

Click below to watch the interview and here for the original writeup.