Let prices do the job when fuel is scarce
About this episode
Eric discusses with Andreas Heuser the importance of the price system in managing fuel scarcity in New Zealand.
In this episode, Eric talks with Andreas Heuser, partner at Heuser Whittington and lead economist on the government's fuel security study, about why the price system is New Zealand's best tool for managing fuel scarcity in the wake of the Strait of Hormuz closure. They discuss why calls for rationing are misguided, what the Marsden Point decision got right, and how the existing tax and transfer system can address the real pain households are facing.
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