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ABC Business editor, Ian Verrender, has published a brilliant article explaining how fixing the east coast gas crisis through domestic reservation and super profits taxes would simultaneously solve Australia’s fur biggest economic challenges: inflation, cost-of-living, the budget deficit, industry competitiveness and the energy transition:
While the answer to a large chunk of the challenges we face is obvious, it is a question with which the federal government is having great difficulty.
The answer is gas.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.