Presentation on theme: "NOT By Mark Twain. Jeffersonian Laissez-Faire Let Do Hamiltonian Progressivism Central Planning."— Presentation transcript:
NOT By Mark Twain
Jeffersonian Laissez-Faire Let Do Hamiltonian Progressivism Central Planning
Private – as in LA Public State legislation requiring municipal system Buy existing system? Tuolumne River and Hetch Hetchy Valley Bring on Joseph Lippincott 1901
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
Yosemite National Park Sierra Club First to identify the conflict between market and non-market values? GREAT writer More than nuts
Good is only good to eat a grand landscape garden, one of Natures 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.
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.
$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.
Use existing private water distribution profits Use existing private electricity distribution profits Sell bonds piecemeal $100 million - $23M over budget