Local Opinion: Arizona's Ponzi scheme of water laws will fail us
The following is the opinion and analysis of the writer:Just as a Ponzi scheme fails when the economy becomes sour and people want their money back...
The following is the opinion and analysis of the writer:Just as a Ponzi scheme fails when the economy becomes sour and people want their money back, the land trade in Arizona is just the same. Except, in this case, it's not the dollars that go missing, but the water.There are always technology 'fixes' that are suggested, even planned, for future water supplies. Once it was using nuclear bombs to build a canal from the Columbia River to Nevada. Another was towing icebergs to the Pacific Coast (if there will be any icebergs left in a few hundred years).