Well, no. Actually, it's the transferability that's the issue. You can certainly have a stock of fish. It's a management tool in the integrated groundfish fishery, but there are other ways. Once you have decided to divide your fish into quotas and transfer them, you have to look at other transfer mechanisms—perhaps a fair sharing, perhaps just among fishermen. Fishermen have come up with lots of alternatives to the money-based ITQ transfer system that's in place now.
On February 5th, 2019. See this statement in context.