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Politics : Electoral College 2000 - Ahead of the Curve -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (6402)	12/15/2000 9:37:40 PM
From: CYBERKEN	Respond to of 6710

Perhaps they'll learn to heat their houses with bird-dew, and hug trees to keep warm. They can run their industries on their own hot air, with a little help from the liberals on this thread...

To: Ilaine who wrote (6402)	12/20/2000 11:17:35 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 6710

CB - "...Anyone familiar with economic theory could easily have predicted that the result would be a skyrocketing of power prices in the area. For the limited power supplies of this small area were being made to bear the burden of coping with the statewide and indeed, Western-states-regionwide power shortages caused by destructionist government policies. Now the truth is that an immediate, partial solution to the sharp rise in power prices in this limited area is the immediate decontrol of power prices throughout the rest of California and, indeed, throughout the whole Western-states region, which shares a more-or-less integrated power grid. The effect of such decontrol would be an immediate substantial increase in the supply of electric power available for the decontrolled market and thus, probably within days, if not hours, a sharp drop in the price of electric power in the decontrolled market. This increase in supply, it must be stressed, would not come from an increase in production, though very soon there would be such an increase and thus a further increase in supply and reduction in price in the decontrolled market. No, it would come from the more or less substantial portion of the already existing production of electric power that is presently consumed by submarginal buyers, i.e., by buyers unable or unwilling to pay the potential free-market price, which, of course, would be higher than the controlled price still in force over the far greater part of the state. When the price control is removed, this substantial part of the supply, presently not available for the decontrolled market, is made available for the decontrolled market, where its effect is to enlarge the supply and thus correspondingly reduce the price...." mises.org Regards, Don