Miller, George

George A. Miller is a retired mutual fund manager for the Income Fund of America. He lives in San Francisco.

Agribusiness Welfare Makes Water "Scarce" In California

By George A. Miller

How would you like to have a 90-year, interest free mortgage, with no principle payments for the first 50 years? If you are fortunate enough to be one of more than 270 federal water contractors in California - that's the deal.

It has become gospel truth: "Water is a scarce resource in California." But the gospel is a deception sustained by years of governmental interference in the basic laws of supply and demand.