- California never had a free market power failure
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California’s experiment in free market power generation has become mythological in how it is remembered. The left is desperate to tar it as a free market failure. But California’s experiment wasn’t free market. It was a massive government-managed exchange practically designed to cause high prices. - Deadly complications of government bureaucracy
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Government monopolies, whether government agencies or de facto government agencies in the form of government-sponsored enterprises, aren’t rewarded by getting product to the people who need it. They’re rewarded by kissing up the bureaucratic chain. - Refrigerator Revolution Revisited: 1942 Cold Cooking
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Iceless refrigeration had come a long way in the fourteen years since Frigidaire Recipes. And so had gelatin! - Socialized gasoline: The bureaucratic miracle of Vehicle-to-Grid
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Vehicle to grid, when managed by governments, will mean taking your car’s fuel and giving it to somebody else who needs it more. - TXU bets against deregulation and loses
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TXU was once the government-sponsored monopoly energy provider in Texas. They just went bankrupt, apparently because they expected a free market to act like a government market.
More Information
- ERCOT’s Phantom Reserve Margins Spell Trouble for Summertime
- July 8 2020: “Wind and solar energy are intermittent, meaning their contributions to the grid plummet dramatically when the wind stops blowing or the sun stops shining. And although ERCOT clearly has no control over the weather, this challenging situation is made worse when forecasts are based on assumptions that create a false sense of security about the reliability of the grid.”
