Turning the Lights Back on: What Needs to be Done? What does California's Crisis Mean for the Rest of the Country?

Tuesday, March 27, 2001

Expert David Henderson, Hoover Institution, Ready to Discuss

Blackouts in California jeopardize businesses and incite fear in residents. What does the future hold for California? How will California affect the rest of the country?

Though Governor Gray Davis blames deregulation, "California electricity has never been deregulated," explains Dr. David R. Henderson, an expert on deregulation, former member of the President's Council of Economic Advisors, award winning scholar and economist with the Hoover Institution, Stanford University.

  • Dr. Henderson is adept at explaining complex issues in a way that is simple and entertaining for general audiences.

  • How regulations that prevented the building of new major power plants, government price controls, and prohibitions on long-term leases virtually guaranteed the current economic disaster.

  • How the government set the stage for the current disaster by forcing utilities to divest the generating part of their business.