Index Investing News
Monday, March 2, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Electricity Hell, Part Deux – Econlib

by Index Investing News
March 19, 2023
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


I have been less active in responding to comments since the evening of March 9. The reason is that at 7 p.m. our power went out and wasn’t restored until March 11 at 9 p.m. Then it went out again from March 13 at 9:30 a.m. to who knows when. I’m writing this at 3 p.m. March 17 and it’s supposed to come on again late on the evening of March 18. I’ll believe it when I see it.

Why does this happen? A huge element is nature. Another huge element is government.

First, nature. We have a lot of trees with fairly shallow roots. The ground they are in has been softened by rain that is approximately double the amount we normally get by this point in the season. Then we get wind, with or without rain, that blows the trees down on the electric wires. Then a power outage.

There are two possible solutions. First, put the wires underground as is happening very slowly in California. Second, cut down the trees before this happens.

Now to the second factor, government. Unfortunately, there is a vocal lobby of citizens who believe that as long as trees aren’t diseased, they shouldn’t be cut. They persuade local governments not to allow home owners or Pacific Gas & Electric to cut down healthy trees. It’s because of these citizens’ power that a tree blew over in Pacific Grove (the city I live in) about 10 years ago and killed an elderly woman. Her survivors sued and won approximately $1 million.

Ah, you say, but then wouldn’t that have caused citizens to change their tune and not oppose more cutting of healthy trees when they endanger people or could blow over onto electric wires. But if you ask that, you don’t know Californians, or at least a vocal segment of Californians.

I think it was after the tree fell and killed the elderly woman that the city government of Pacific Grove hired a forester who came here from Wisconsin. Sounds like a good move, right? One of his first actions was to go around the city looking at city owned property and coming up with a list of trees to be cut. If I recall correctly, the goal he was tasked with was to reduce the probability of future trees falling and killing or injuring people. His list was presented at a city council meeting. Many citizens got up to speak to oppose the cutting of this or that tree.

The guy was probably pretty smart and could see where his career as a forester was likely to go in Pacific Grove. The very next morning, the city manager came into his office and found the forester’s letter of resignation. It said words to this effect: “I’m resigning because Pacific Grove has lots of foresters.”



Source link

Tags: DeuxEconlibelectricityhellPart
ShareTweetShareShare
Previous Post

How professional short sellers view the current markets

Next Post

RIP Shareholders – UBS offers to buy Credit Suisse for up to $1bn.

Related Posts

Sam’s Links: February Edition – Econlib

Sam’s Links: February Edition – Econlib

by Index Investing News
February 28, 2026
0

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...

Transcript: Hilary Allen on Fintech Dystopia

Transcript: Hilary Allen on Fintech Dystopia

by Index Investing News
February 24, 2026
0

https://www.youtube.com/watch?v=NSFAIakPdmohttps://www.youtube.com/watch?v=NSFAIakPdmo     The transcript from this week’s, MiB: Hilary Allen on Fintech Dystopia, is below. You can stream and...

Friedman on Immigration: Setting the Record Straight

Friedman on Immigration: Setting the Record Straight

by Index Investing News
February 20, 2026
0

Even people who are otherwise enthusiastic about a free market in labor can get cold feet about immigration once redistribution...

10 Presidents Day Reads – The Big Picture

10 Presidents Day Reads – The Big Picture

by Index Investing News
February 16, 2026
0

My three-day weekend reads: • Why a ‘K-Shaped’ Economy Means More Risk for Stock Investors: The wealthy are propping up consumer...

Property Rights and the Arctic Contest

Property Rights and the Arctic Contest

by Index Investing News
February 12, 2026
0

In recent years, the Arctic has returned to the center of public attention: the renewed interest in Greenland, the progressive...

Next Post
RIP Shareholders – UBS offers to buy Credit Suisse for up to bn.

RIP Shareholders - UBS offers to buy Credit Suisse for up to $1bn.

Top Wall Street analysts like stocks like BJ’s & CrowdStrike

Top Wall Street analysts like stocks like BJ's & CrowdStrike

RECOMMENDED

Why the”Buy and Hold” Strategy Isn’t Enough

Why the”Buy and Hold” Strategy Isn’t Enough

August 10, 2023
Not Disrupted….Yet – Meb Faber Research

Not Disrupted….Yet – Meb Faber Research

December 26, 2025
China’s financial institutions urged to support property developers

China’s financial institutions urged to support property developers

January 26, 2024
 Million Homes in California

$2 Million Homes in California

July 31, 2023
US appeals court blocks venture capital fund’s grant program for Black women By Reuters

US appeals court blocks venture capital fund’s grant program for Black women By Reuters

September 30, 2023
J.P. Morgan Self-Directed Investing Overview 2022

J.P. Morgan Self-Directed Investing Overview 2022

May 17, 2022
Von Wagner suffers big loss on NXT 2.0

Von Wagner suffers big loss on NXT 2.0

June 8, 2022
The Federal Reserve is Losing the War on Inflation Rates

The Federal Reserve is Losing the War on Inflation Rates

February 19, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In