California did indeed deregulate wholesale electricity prices, but not consumer prices. Rolling blackouts are a form of rationing, rationing results from shortages, and shortages are the result of price fixing by by the government.
Note that Reagan's first act as President was to repeal all oil and gas price and distribution controls, and the gas lines evaporated literally overnight. Yes, I was there and remember it :-) We've had a number of oil crises since, but no gas lines.
Note that Reagan's first act as President was to repeal all oil and gas price and distribution controls, and the gas lines evaporated literally overnight. Yes, I was there and remember it :-) We've had a number of oil crises since, but no gas lines.