Another look at electric de-reg in Texas
Tuesday, July 22nd, 2008 By David Hansen
Columbus native and Northwestern University economic prof Lynne Keisling in her excellent Knowledge Problem blog dishes up the meow mix to WSJ’s Rebecca Smith for a badly misinformed analysis of the impact freer electric energy markets are having in Texas.
Perhaps Ohio’s recent decision to extend government regulation of electric utility energy will protect corporation bottom lines and manufacturing jobs in the short run. Eventually, however, the distorted or completely missing signals of true prices for consumption and true returns for production investments will cause Ohioans to lose out on jobs and prosperity to places with freer markets such as Texas.
BTW, Texas added 139,000 jobs so far in 2008. Ohio has added a paltry 6,000 jobs.
Tags: energy, Free Enterprise, General Assembly, Prosperity, Regulation, Taxes
