Attention Economy


Sunday, February 21, 2021

What Went Wrong in Texas?


Texas Is a Rich State in a Rich Country, and Look What Happened
https://www.nytimes.com/2021/02/25/opinion/texas-climate-change.html


The Market for Avocados versus the Market for Kilowatt-hours
Paul Krugman’s interesting take –
https://www.nytimes.com/2021/02/22/opinion/texas-electricity-storm.html
Texas energy policy was based on the idea that you can treat electricity like avocados. Do people remember the great avocado shortage of 2019? Surging demand and a bad crop in California led to spiking prices; but nobody called for a special inquest and new regulations on avocado producers. …
But kilowatt-hours aren’t avocados, and there are at least three big reasons pretending that they are is a recipe for disaster”