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0 sats \ 0 replies \ @Bell_curve 21 Aug \ parent \ on: Krugman: Harris Hasn’t Proposed Price Controls and It’s Good That She Did econ
The problem in 2001 was market distortion caused by the state: power companies could had a ceiling for consumers (price control) but no ceiling for wholesalers (gouging).
Brave search ai has a decent explanation...
https://search.brave.com/search?q=california+blackouts+2001+explained&source=desktop&summary=1&summary_og=3dfa5b2508914295e93092