Half a century ago, selling the Tennessee Valley Authority was regarded as a free-marketeers’ politically impossible dream. Now guess who’s for it — and who’s against. (Hint on the latter: R-Tenn.) [Knoxville News via Future of Capitalism]
P.S. More on this welcome Obama initiative from Chris Edwards: “former Cato chairman Bill Niskanen was barred by Congress for even looking into TVA reform when he was on President Reagan’s CEA.” So progress marches on. And: Fortune 1933 article on TVA.