Economist Ian Harper warns government energy 'big stick' could backfire

Reserve Bank board member says forced divestitures would likely be harmful

The prominent economist and Reserve Bank board member Ian Harper has warned the Morrison government against pursuing its controversial “big stick” legislation, declaring “overreach” in Australia’s energy sector would likely be harmful.

Harper, who was appointed by the Coalition to review Australia’s competition policy and serve on the central bank board, has used a submission to a parliamentary inquiry to warn the Morrison government against pursuing special sanctions for the energy sector.

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from The Guardian http://bit.ly/2GB6iD3
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