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by epistasis
456 days ago
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Regulations, of course! Of which there are many for Texas' electricity markets. IMHO, you can't have markets without regulations, and the markets that work best are those in high-trust societies, and that high-trust usually comes form a solid regulatory structure (i.e. laws). This is why saying "deregulation is bad" is just as incoherent as saying "regulations are bad." We need to move beyond that sort of fallacious dichotomy. |
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