Daily Archives: 15 January 2013

When markets are left competitive, they work very well. When markets are “managed” or “regulate” or biased by government mandates, they break. The particular form of the breakage is always a surprise to those who broke them. For California, for example, screwing around with electricity costs means I have cleaned off my Coleman Lantern and I’m digging in the garage for my Aladdin lamp. Continue reading →