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.
To get your power turned back on in the Rockaways, according to a spokesman for the Long Island Power Authority, you’re going to need a pre-inspection for your house not just from a licensed electrician, but from one licensed in NYC — nearby Nassau County, or upstate, won’t do. If occupational licensure makes any sense at all — and Milton Friedman had a thing or two to say about that — it certainly needs to be reconsidered under conditions of public emergency and disaster recovery, or so I argue in my new post at Cato at Liberty.
For more background on the Long Island Power Authority (LIPA) as a political football, by the way, check out Nicole Gelinas in the New York Post. Also on disaster recovery, why this might be a good time to rethink municipal ordinances barring property owners from removing old trees [Chris Fountain]. And: “Can customers sue power companies for outages? Yes, but it’s hard to win” [Alison Frankel, Reuters]
Will the Obama administration’s much-publicized restrictions on new coal burning electric plants really crimp the economy of the Midwest? Or, given that the market for new plants appears to have tipped decisively toward natural gas for the foreseeable future, do they amount to a “regulatory nothing-burger?” [Jerry Rogers and Peter Van Doren (Cato), Forbes, via David Henderson]
If you don’t pay your traffic-cam tickets, the city of Las Cruces, New Mexico says it will cut off your water and sewer service. [The Newspaper]