Fisheries committee  Maybe I'll go. Fisheries are an anomaly in the world of natural resources, in my experience. In one sense, you're asking about what we call a resource rental. I was invited to give a talk at the Australian association of resource economists a few years ago, and they took me down

Fisheries committee  You could certainly do that. There are some places that have done that. It pushes your policy, I suppose, in the right direction. I don't think it will get at the root of many of the other things you're discussing here or the problems that people are bringing to you. I bit my to

Fisheries committee  —but with all due respect, I think you're proposing putting a band-aid on a flawed system. I think you need to treat the root cause. The Europeans started going down this road. What you're doing with these systems is what I call mandatory wealth forfeiture. These are public reso

Fisheries committee  Okay. I'll stop.

Fisheries committee  Thank you, Mr. Chairman, and thanks to the committee. It's a real privilege to be here. The chairman gave my present position at the University of Rhode Island. I had a slide show, but I guess that's been circulated to some of you. Hopefully I'll get around to explaining the tit