Among my various activities, I’m a member of the Queensland Competition Authority, which is responsible for regulating a range of private and public monopoly enterprises[1]. I’ve spent the day in and around Mackay, looking at railway yards and coal-loading ports. I’ll be back tomorrow with more posts, and responses to the lively comments threads.

fn1. Just to be on the safe side, I’ll mention that nothing written on this blog purports to represent the position of the QCA, the University of Queensland, the Australian Financial Review or anyone else for whom I might do some work at some time or another.