Summary of Meredith Angwin's Shorting the Grid

Please note: This is a companion version & not the original book.

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#1 The big short: in the old days, people would lend money to good doctors and teachers, but in 2007, lending money to a struggling strawberry picker was a good way to wealth. The new world of credit is upside down and full of trouble.

#2 The electricity markets in the RTOs serve no one well. They are not markets. They are governed by closed-door decision making, and the press is largely excluded. -> In the RTO areas, there are no agencies or institutions that are in charge of ensuring there is enough electricity to go around. The market is instead governed by closed-door decision making and the press is largely excluded.

#3 The book shows what happens on the grid, and how to try to stop it.

#4 I was a maven in my own mind, but not at all in reality.

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E-kirja: 7. lokakuuta 2022