What Really Happened With the Texas Power Grid

Tags: Bureaucracy and Regulation, The Environment

03/11/2021 Robert P. Murphy

Since the deep freeze in February caused millions of Texas homes to lose their power, partisans have been fighting over the blame. The governor blamed wind turbines and the green agenda, whereas Paul Krugman said the fault was with natural gas. Bob shows the numbers; natural gas was to blame only in the sense that nobody expected wind to be useful during a winter crisis.

Mentioned in the Episode and Other Links of Interest:

Bob’s article at Mises.org, which gives links to all the relevant sources
The Foundations of IBC

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