Scummo now has no energy policy

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According to popular argument, it killed Malcolm Turnbull and the Libs in Wentworth, and has brought the government to its knees in blue ribbon electorates around the country. Yes, it’s energy policy. Yet as of today, with an election three months away, the Scummo Government has none, via AFR:

So Scott Morrison’s big stick has been put back into the rack to be repackaged as government energy policy at the May election.

It says everything about the political and intellectual swamp that Angus Taylor has backed himself into that this perhaps temporary defeat is arguably the best thing that has happened to energy policy since a new prime minister gifted the former Rhodes Scholar with the task of getting power prices down.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.