Free goods get treated like they really are :: Instapundit
There may be many things that are broken about the Iraqi electricity system. One is that electricity is essentially free. It's no wonder the system uses revolving blackouts to ration the available supply.
Mr. President, if the Iraqi people are ready to vote, then they are ready to choose how much electricity to consume based upon what it costs to provide it.
There may be many things that are broken about the Iraqi electricity system. One is that electricity is essentially free. It's no wonder the system uses revolving blackouts to ration the available supply.
Mr. President, if the Iraqi people are ready to vote, then they are ready to choose how much electricity to consume based upon what it costs to provide it.
posted by John B. Chilton at 2/02/2006 09:39:00 PM
2 Comments:
:)
What do you suppose it would cost to install meters, read them, and bill the customers? Do you think the court system and polticians would be able to cut off the supply of electricity to those who didn't pay their bills?
I.e., while I love the idea of using markets, I can imagine the transition costs and the accompanying transaction costs would be far from negligible.
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