ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax


Do most Californians really believe they have a crisis? My guess is that a high number of them think the electricity problem is nothing more than a con game devised by certain “evil” capitalists. We can at least partly blame Paul Krugman and his fellow travelers for much of this confusion. He pointed out the possible deceit practiced by some of these energy companies, but virtually ignored the reality that California just does not generate enough power.
What should Californian voters tell their politicians? Heck, there is a far more important question to be asked of these folks themselves? What were you thinking when you voted in all those crazy and irresponsible Liberals? Who told you to take seriously the radical leftist junk science environmentalists? Californians and New Yorkers are their own worst enemies.
Good observation, David. I would say the reason why many CA residents don't see the crisis, is that the state borrowed heavily to avoid a "noticeable" crisis. Of course the only way politicians notice a problem is when the garbage starts collecting on their own lawn. When CA runs out of financial leg room, then people will notice something is wrong. They may not know/understand the cause, but they will vote people out.
"We can at least partly blame Paul Krugman and his fellow travelers for much of this confusion. He pointed out the possible deceit practiced by some of these energy companies, but virtually ignored the reality that California just does not generate enough power. "
Truly ridiculous and borderline made-up.
"Truly ridiculous and borderline made-up."
Oh really? Please point out any of Paul Krugman’s writings arguing that California does not generate sufficient power to cover its needs. I will be glad to apologize if I’m mistaken.
By the way, the Dow Jones is now over 9000. It seems that Krugman is unraveling---and not the American economy!
Among many, many other writings Krugman wrote the following on January 2001:
"The biggest single cause of the California power crisis is simply that nobody expected demand for electricity to grow so rapidly. When the political momentum for deregulation was building, in the mid-1990's, California's economy was still suffering the aftereffects of a nasty recession; most experts thought that there would be excess generating capacity well into the next decade. Then California began growing faster than anyone had thought possible. The result was surging demand for power.
To cope with an increase in demand, you either need to persuade consumers to consume less or make it possible to produce more. But California's deregulation did neither."
Like I wrote, ridiculous and borderline made-up.
NOTE: not the same David Thomson that is making those ridiculous comments above - must be my evil twin...
I wonder what the evil DT thinks about Greg Palast's reporting on the energy crisis in California? His webpage (www.gregpalast.com) is currently unavailable but you can check out the Google cache if you are in a hurry.
Seems like Arnold really was on a mission to derail the $9 billion dollar suit against Enron et al. I find it superbly ironic that Californians had to suffer the consequences of Pete Wilson's deregulation and then vote his staff back into office when the chickens come home to roost! (I have heard that the 3x car tax was also a Pete Wilson emergency budget rule - and Gray Davis had nothing to do with it! California must really be the state of airheads!)
actually, saying that california plants don't produce enough power (aside from recognized market manipulation) just isn't true. Supply has kept pace with demand as long as the power plants aren't mysteriously off line.
see
www.house.gov/reform/min/pdfs/pdf_inves/ pdf_energy_west_myths_facts_rep.pdf