NOT By Mark Twain. Jeffersonian Laissez-Faire Let Do Hamiltonian Progressivism Central Planning.
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Transcript of NOT By Mark Twain. Jeffersonian Laissez-Faire Let Do Hamiltonian Progressivism Central Planning.
“THE COLDEST WINTER I EVER SPENT WAS A
SUMMER IN SAN FRANCISCO.”
NOT
By
Mark Twain
POLITICAL PHILOSOPHIES Jeffersonian
Laissez-Faire“Let Do”
HamiltonianProgressivismCentral Planning
EARLY WATER POLICY Private – as in LA Public
State legislation requiring municipal systemBuy existing system?Tuolumne River and Hetch Hetchy ValleyBring on Joseph Lippincott1901
HETCH HETCHY
HETCH HETCHY VALLEY Part of Yosemite National Park Requires Federal action Roosevelt = Greatest Good Nope $1 MILLION bribe (1902) 1906 Fire (water pipes) Garfield = highest value “Market” versus “non-market” value Utilitarian versus non-utilitarian John Muir
JOHN MUIR Yosemite
National Park Sierra Club First to identify
the conflict between market and non-market values?
GREAT writer More than nuts
NON-UTILITARIAN VALUE “Good is only good to eat” “a grand landscape garden, one of
Nature’s rarest and most precious mountain temples.”
“Everybody needs beauty as well as bread, places to play in and pray in, where Nature may heal and cheer and give strength to body and soul alike.”
“in picturesque beauty and charm Hetch Hetchyn (it) surpassed even Yosemite.”
UTILITARIAN VALUE Municipal water Electricity Fire protection Monopoly deterrence Recreation “benefit more from boating, fishing and
swimming than staring at a canyon now accessible to few.”
“as beautiful as the other lakes which would add charm to the landscapes of the Sierras.”
1910 $45 million bond (recall LA $25 million) Alternative sources? Engineer in pay of monopoly Independent assessment
No funds or staff City sourced data “obfuscation through excess” No cost comparisons To Congress December 1913: “I have signed this
bill.”
IMPLEMENTATION Use existing
private water distribution profits
Use existing private electricity distribution profits
Sell bonds piecemeal
$100 million - $23M over budget
1970’S $33 million revenue annually
1980’S Reagan & Watt
Drain it Dianne Feinstein
DUMB, dumb, dumb