By Jonathan Newman
Krugman-the-textbook-author says price ceilings have terrible consequences. Krugman-the-columnist says they're "reasonable."
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50 sats \ 0 replies \ @itsMoro 20 Aug
he knows who butters his bread
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36 sats \ 1 reply \ @Bell_curve 20 Aug
Price controls for an industry with razor thin profit margins.
Kroger margins are less than 2 percent.
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48 sats \ 0 replies \ @kepford 20 Aug
Its so obviously pandering to low information or low IQ voters. Anti gouging sounds good. And she cares... Dumb stuff but it works on many people.
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47 sats \ 0 replies \ @kepford 20 Aug
This is like a microcosm of everything wrong in politics, democracy, and fiat.
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46 sats \ 0 replies \ @SatsMate 21 Aug
Krugman is an elistist that has benefited nonstop for modern monetary theory. Not a fan of him, surprised he is still listened to as much as he is.
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43 sats \ 1 reply \ @grayruby 20 Aug
Krugman is so ridiculously partisan and captured he would probably say gulags are a great idea if the Democratic Party suggested them.
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50 sats \ 0 replies \ @Undisciplined OP 20 Aug
Usually you don't see "They aren't doing that" and "Actually, it's a good thing." in the same piece.
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29 sats \ 10 replies \ @Satosora 21 Aug
"California energy crisis circa 2001, when power producers reduced supply to drive up electricity prices.”
This is so crooked.
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41 sats \ 9 replies \ @Undisciplined OP 21 Aug
Welcome to the world of government granted monopolies.
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38 sats \ 8 replies \ @Satosora 21 Aug
I didnt know it was that bad in california.
I just knew their energy sector had problems creating wildfires.
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20 sats \ 6 replies \ @Undisciplined OP 21 Aug
That was over 20 years ago. My impression is that things have only gotten worse since then.
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44 sats \ 5 replies \ @Satosora 21 Aug
We need to ask some of the resident experts.
If I recall, bellcurve is one of them.
Im sure it has gotten worse, and the fires in the west coast seem to have gotten worse each year.
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41 sats \ 4 replies \ @Undisciplined OP 21 Aug
Several of those fires have been started by incompetent management of those utilities.
@Bell_curve seems to see everything that happens on SN, but I'll tag him just in case.
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55 sats \ 2 replies \ @Satosora 21 Aug
It was just a matter of time before he read the comment.
Mismanagement and lack of awareness.
I find it weird that there are so many fires over there, but not in the midwest.
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41 sats \ 1 reply \ @Undisciplined OP 21 Aug
The midwest has far less forest and is far less arid.
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27 sats \ 0 replies \ @Bell_curve 21 Aug
Incompetent management is the biggest factor.
Man made fire problems are blamed on climate change.
Proper management includes forced burning and/or cutting trees. A lot of left wing enviromental professors recommended this in 2003. I haven't kept up with the literature since.
The state has phased out oil drilling and nuclear plants; the next target is natural gas.
Hydroelectric plants and dams are also being dismantled. The goal is to get all energy from solar and wind (an impossible goal).
edit: Trees consume too much water. The best part about California is fake not real trees.
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0 sats \ 0 replies \ @Bell_curve 21 Aug
The problem in 2001 was market distortion caused by the state: power companies could had a ceiling for consumers (price control) but no ceiling for wholesalers (gouging).
Brave search ai has a decent explanation...
https://search.brave.com/search?q=california+blackouts+2001+explained&source=desktop&summary=1&summary_og=3dfa5b2508914295e93092
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27 sats \ 2 replies \ @Silent_Hodler 21 Aug
Someone is still listening to this "economist"?
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0 sats \ 1 reply \ @Undisciplined OP 21 Aug
Cultists need "thought leaders", since they're trained to not think for themselves.
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31 sats \ 0 replies \ @Silent_Hodler 21 Aug
Amen!
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