With stocks in California utilities dirt-cheap, why shouldn’t the state just take them over?

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California utility shares are so cheap, the state could afford to buy them up. Column by hiltzikm

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hiltzikm Yes - because the gov’t always does such a better job than the free market, private sector. 🙄

hiltzikm This may be a bad idea if they're not sold eventually. The state doesn't need more liabilities. It can be a good trade though.

hiltzikm And use the income to pay the teachers.

hiltzikm How much did GavinNewsom pay hiltzikm to write this?

hiltzikm Puerto Rico 2.0

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