This quote from the book leads one to speculate as to what will happen to water policy in these times of increased concern for reducing federal spending, for more reliance on state and local governments as opposed to the federal government, and for more reliance on the private sector as opposed to any level of governmental control. Remembering that a wrenching debate preceded deregulation of oil and other energy prices, what are the opportunities for deregulation in the water resources field?Western Water Resources consists of the proceedings of a symposium held in Denver in September 1979 and Hosted by the Federal Reserve Bank of Kansas City. As in any conference, there is, in addition to the organized substantive content of the papers, a mixture of the clever and the banal, peppered with some humor and chit‐chat. Among the contributors are economists, including Charles Howe, Allen Kneese, Emery Castle, and Kenneth Boulding; legal scholars, such as George Radosevich and Frank Trelease; and political figures, such as Scott Matheson, Governor of Utah, Guy Martin, former Assistant Secretary for Land and Water Resources of the Department of the Interior, and Leo Eisel, former Director of the Water Resources Council. Some papers are followed by a discussion from commentors.