This podcast episode explores the management of water resources in the western US, with a focus on the Colorado River and its significance to cities, agriculture, and the economy. It highlights the role of the Shoshone power plant in Glenwood Canyon, Colorado, and its legal right to a significant amount of water. The episode discusses the ongoing power struggle over water in Colorado, particularly between urban and rural areas. It also explores the concept of externalities and their impact on water usage and the need for rural communities to advocate for their interests. The episode concludes by discussing the challenges of allocating a shrinking water supply and the importance of financial literacy and cost-saving opportunities.
