Such is the conclusion of a California Independent System Operator report released Monday. This Wall Street Journal article (subscription required) and this LA Times article (subscription required) discuss the report, but interestingly, they have different slants. The LA Times article has the tone of “here’s a list of companies that did what Enron did” and … More CA Electricity Prices Result Of Market Power, Not Gaming? … More CA Electricity Prices Result Of Market Power, Not Gaming?
Now the Venezuelan opposition is encouraging citizens to stop paying taxes. Again I raise the question: has Chavez abrogated his constitutional responsibilities to his constituents? If so, then you could argue either the Locke argument that citizens have the right to rebel, or the Sidney argument that citizens have the responsibility to rebel. The extent … More Back to Algernon Sidney