Machine at Work by Paul Krugman

Machine at Work
By PAUL KRUGMAN

Published: July 13, 2004


>From a business point of view, Enron is a smoking ruin. But there's
important evidence in the rubble.

If Enron hadn't collapsed, we might still have only circumstantial evidence
that energy companies artificially drove up prices during California's
electricity crisis. Because of that collapse, we have direct evidence in the
form of the now-infamous Enron tapes