The Cause of the California Blackouts ...
Nothing new here from Dr. Sowell. Just more fundamental economics and not-so-common sense.
The Cause of the California Electricity Shortages: "Price Controls"
by Thomas Sowell (January 11, 2001)
Summary: As an economist, whenever I hear the word "shortage" I wait for the other shoe to drop. That other shoe is usually "price control."
The Cause of the California Power Blackouts
by Thomas Sowell (January 27, 2001)
Summary: The childish quest for a free lunch is what has led to blackouts all over the state of California. People trapped in elevators that stopped between floors when the electricity was cut off should understand that this is part of the price paid for years of moral posturing by the environmentalists and the "consumer advocates."
Price Controls and the Electricity Crisis in California
by Thomas Sowell (May 5, 2001)
Summary: Why should anyone be surprised that price controls caused a shortage of electricity in California today when price controls have been causing shortages as far back as the days of the Roman Empire?
by Thomas Sowell (March 24, 2001)
Summary: Has anyone ever pleaded with you not to buy a Rolls Royce?