Albo’s gas price caps “failed”

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The ABC’s The Business is one of the few mastheads that keeps tabs on the gas cartel. This is a terrific piece.


Gas users say federal government price controls have failed to meaningfully ease cost pressures for manufacturers, and the result is higher inflation and pressure on interest rates.

When the federal government slapped price caps on the wholesale coal and gas markets in December, business groups celebrated while producers protested against the market intervention.

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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.