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...