February 05, 2001

With regional brownouts and blackouts heading the national news, we can now throw California's energy woes atop the garbage heap of misguided economic policies. Along with George Bushs (without the W) tax hike, currency devaluations and a host of other well intentioned economic blunders, it takes national news and a few market spikes to vault such painfully stupid economic moves into the limelight for the application of considered analysis. The same considered analysis, by the way, that was done centuries ago by the likes of Adam Smith and other clear-thinking economists ever since.

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