Wednesday, July 22, 2009
As I was pondering Ezra Klein's nonsense, I was reminded of another situation where liberals attempted to design "improved markets" through government imposed institutions like the so called "insurance exchange." That was the so called "deregulation" of California energy markets some years ago, which resulted in an unbelievable crisis. This crisis was largely the result of clueless liberals setting up "fair" institutions to mimic and improve a market. Energy traders took them to the bank, and the public paid. Now, think about that happening to your health care. And think about that, like the energy deregulation, being blamed on the "market."