Free Market
Author:
George Reisman
Online Publish Date:
The Free Market 19, no. 3 (March 2001) The state of California has experienced a meltdown in its electric power system. For months, the system has repeatedly run at or near the overload point, necessitating brownouts and even rolling blackouts. Incredibly, the fiasco has been blamed on deregulation and the free market. Economist Paul Krugman,