When one deregulates the wholesale price, but locks the retail price, I fear the result is easily anticipated.
This is like the privation of a monopoly. It is taught (or ought to be) in Economics 99. Most of our elected representatives are a bunch of clowns. They know nothing of unintended consequences until they hit us in the teeth.
Harry
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William wrote:
Harry, To what extent is California stuck with the cost of paying off several past energy plants that are no longer functioning? I remember that that is why ENRON did not continue its involvement of trying to gain a foothold in the California energy market during deregulation. To what extent is the problem due to not being able to anticipate the effects of deregulation?Bill Ward On Thu, 30 Jan 2003 16:15:02 -0500 "Ray Evans Harrell" <[EMAIL PROTECTED]> writes: > CEOS are CEOS no matter where they work, because they don't want to > work and > won't do it unless they are paid well for being miserable. Is it > any > wonder his name is Gray? > > REH
****************************** Harry Pollard Henry George School of LA Box 655 Tujunga CA 91042 [EMAIL PROTECTED] Tel: (818) 352-4141 Fax: (818) 353-2242 *******************************
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