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Notice: GeekPress is back up and running, thanks to Paul! It's still a not-so-serious tech news blog, but the format is significantly looser. Diana, having given up programming for philosophy, has her own philosophical blog NoodleFood. More of her work can be found at DianaHsieh.com.

 

California Scheming

4:24:37 am mst / 5 January 2001 found by diana / filed in politics / source Reason 166 hits / 1 comment / 0 e-mails

Michael Lynch examines the origin of California's electricity crisis, explaining how fat cat deals made under the guise of deregulation are the cause of the current high prices and shortages.

This article is a far more entertaining read than you might expect!

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Reisman Weighs In: California Screaming by Greg 9:47:37 am mst / 5 January 2001 / # 1

George Reisman, an (Objectivist/Austrian) Economist wrote an article appearing over at the Ludwig von Mises Institute that forcefully debunks the notion (floated by rags like the NY Times) that "California's blind faith in markets has led to [a serious] electricity shortage".