Large scale squandering by the Reserve Bank

The Reserve Bank is embarking on a scheme that will squander $28 billion, according to Don Richards, the National Spokesperson for Positive Money New Zealand (PMNZ).  Through its so-called Funding for Lending programme, the Reserve Bank will provide $28 billion...
There is a free lunch, Minister

There is a free lunch, Minister

In an extraordinary exchange during a recent press conference our Finance Minister, when asked why the Reserve Bank does not write off the Covid19 debt, said “it isn’t the way we manage monetary and fiscal policy”.  He did not say that it is not technically...
No need to borrow for infrastructure

No need to borrow for infrastructure

FOR IMMEDIATE RELEASE 17 December 2019 The Government’s recent announcement that it will spend an extra $12 billion on infrastructure for new roading, rail, schools and healthcare projects, is welcome news.  The not so welcome news is that the Government will take on...