Unintended Consequences and The Texas ‘Big Freeze’ Energy Disaster

By Ron Paul

Last week Texas experienced a cold snap that resulted in serious statewide damage, death, and destruction. The collapse of the state’s energy grid left millions of Texans in the dark and freezing for days at a time. Tragically, at least 30 people died.

There are many reasons why Texas became like a Third World country, and we should be careful not to pin all the blame on just one factor. But it seems clear that the disaster was to a large degree caused by political decisions to shift t...