Another Friday Outrage. In another demonstration of how electricity deregulation has gone wrong, the energy companies accused of manipulating California’s markets were let off the hook. By Paul Krugman. [New York Times: Opinion]
Many outrages in Krugman’s article, not the least of which is the fine art of burying announcements in the news cycle graveyard of late Friday afternoon — and on a holiday weekend, no less.
Maybe that is the least of them. Let’s do the math: Energy companies pay a $1 million fine — yep, $1 million — to atone for at least $8.9b in ‘deregulated’ gouging. Pretty nice return on investment! (AND no jail time!)


0 Comments to "Forget the stock market, let’s make some REAL money!"

Would you like to share your thoughts?

This site uses Akismet to reduce spam. Learn how your comment data is processed.