Much amusement around and about the place as Donald Trump tells California that there is no drought and that when he’s President then there will be plenty of water for everyone. The amusement being that of course, how could anyone spout such nonsense, everyone knows that California’s had a drought for years now!?! Except, of course, that Trump is actually correct here. There is no existential shortage of water in the state, not at all. What there is is misallocation of water and that misallocation is because water is incorrectly priced there.