Lynne Kiesling
I am attending an electricity markets workshop that we are holding here at Northwestern, about which I’ll have more to say later, but for now I wanted to capture a quotation of the day (apologies to Don Boudreaux for using his meme):
The difficulty lies, not in the new ideas, but in escaping from the old ones.
-John Maynard Keynes (1936)
Hung-po Chao from ISO New England used this quote in his talk, with reference to what I think of as the crucial need to clear the overgrowth in the regulatory underbrush, and the perverse incentives that underbrush creates (and the special interests that perpetuate it).