Not content with exposing Florida to financial catastrophe by taking on responsibility for insuring coastal properties, Florida Governor Charlie Crist (R) continues his assault on his state’s fiscal health, this time by imposing nonsensical populist measures on utilities. As Seeking Alpha’s Roger Conrad observes:

Florida Governor Charlie Crist is running for US Senate in 2010–and darned if he’s going to let power utilities’ need for capital during a recession stand in his way.On Thursday, Crist effectively fired two long-standing members of the Sunshine…

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It may not be in a debacle like California’s, but I still find it galling to see my home state of Florida go from being one of the best governed states in the country to leading the nation in a particularly destructive sort of fiscal insanity. But if the first step toward a cure is an accurate diagnosis, The Economist is helping on that count. As the current issue notes:

Two years ago, after homeowners complained about rising insurance premiums, the governor,…

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