Water Trading vs. Water Speculation: What Would Michael Lewis Say?

By Jim Lauria

I'm a big fan of author, reporter, and overall sharp-eyed observer Michael Lewis, author of Liar's Poker, The Big Short, Moneyball, and other explorations of the depths of economics and humans' capacity for brilliance...and greed. With a new wave of interest in water trading, facilitated by the Chicago Mercantile Exchange and NASDAQ listing water as a tradeable commodity, I'm very eager to get Lewis' take on what he sees.