Monopoly money sinks economic theory

By Michael West
Updated August 25 2014 - 1:18am, first published August 23 2014 - 7:50am
Illustration: Michael Mucci.
Illustration: Michael Mucci.

Contrary to conventional economic theory since the time of Thales, who cornered the market for olive presses in western Anatolia in the sixth century BC, another Australian government is poised to transform a competitive market into a monopoly.

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