Revolution 2.0

Introduction “This shows how the Green New Deal would be a deadly deal for the United States of America.” -Greg Abbott, Republican Governor of Texas. “This proves the need for a Green New Deal.” -Alexandria Ocasio-Cortez, D-NY. Neither of these political claims is true; more importantly neither one leads to the vital lesson that we all need to take away from the disaster in Texas. That is the subject of today’s 10 minute episode. Continuing Here’s a head’s up about where we are headed today: It gets very expensive, very quickly when we choose to pay to eliminate all risk, and cover every possible circumstance. The Texas free market approach to power generation was intended to supply plentiful electricity at low rates, and for decades it did exactly that. Looking at some example rates, we find that Texans pay 11.67 cents per kilowatt hour for electricity, Californians pay 18.31 cents, overall in the US users pay 13.19 cents. The desire to keep rates low in Texas drove decisions like maintaining a power