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For 100 years, electric prices were based on power company costs and “a reasonable profit.“ But in the 90s, a chuckling Chimp, Gov. Dubya Bush, dancing for his organ grinder Enron’s Ken Lay, created the “free“ market in electricity in Texas. thedailybeast.com/dollar5152-pow…
Back then, in a guide I wrote for the United Nations entitled “Democracy and Regulation,“ I warned that a free market would become a “freeze” market. This week is not the first electricity nightmare for Texas. amazon.com/Democracy-Regu…
You’ve only got one wire going into your house — what we economists used to call “a natural monopoly.” Now it’s an unnatural monopoly, where they’ve got us by the bulbs.
#TexasPowerOutage #TexasBlizzard2021 #TexasFreeze
thedailybeast.com/dollar5152-pow…
#TexasPowerOutage #TexasBlizzard2021 #TexasFreeze
thedailybeast.com/dollar5152-pow…
