Freakonomics Author Offers Solution for California Water Crisis

The California water crisis boils down to a major mis-pricing problem, says Stephen Dubner, co-author of 'When to Rob a Bank' and co-publisher of the Freakonomics.com blog. Dubner added that one need look no further than the attention paid to oil to see that water pricing in California needs to be adjusted more in line with market forces. He also explained why tax policy, and not just a bum shoulder, prevents Manny Pacquiao from fighting in New York state. Finally, Dubner offers a unique, Freakonomics perspective on legalizing prostitution, how much Pepsi would pay for Coke's secret formula and, of course, the best time to rob a bank.