Methinks my blog brother might enjoy Walter Russell Mead today.
The epidemic of power outages and "rolling blackouts" which nearly shut down California in the early 2000s may be returning. Back then, the culprits were unscrupulous energy providers like Enron and a poorly-thought out process of deregulation. This time, renewable energy would be to blame, as the state has pushed to increase the use of solar and wind energy without ensuring that there is enough traditional power generation to keep the grid stable on cloudy, windless days.
Yep. See related post above.
This Central Planning business is just so complicated! How can anybody know everything about every industry? Why can't we just find a way to have experts in every field make every decision based on all of the factors, taken into account at once and evaluated to arrive at the best course of action? And to make sure they do their jobs well and act wisely we could even make their paychecks depend on getting it right!
But I digress. Clearly there is no such utopian system on earth.