May 21, 2023 | News, Opinion
Our 2023 “no frills” or “no thrills” budget is yet another missed opportunity that will consign the country to more debt. Few can argue against the need to fund infrastructure and resilience ($6 billion) and public housing ($3 billion) but the downside is that other...
Feb 20, 2023 | Media Releases, Monetary Financing, News, Opinion
The clean-up bill for Cyclone Gabrielle will be way in excess of the $14 million promised by our Prime Minister and much of the financial burden may well fall on hard pressed councils. Councils are already struggling under the weight of the devastation caused by...
Feb 1, 2023 | Media Releases, News, Opinion
Our new Prime Minister Chris Hipkins plans to reprioritise policies and focus on the economy in his first year as leader. We at Positive Money New Zealand agree with the focus on the economy and would like to help him avoid the pitfalls from previous attempts at...
Dec 14, 2022 | News, Opinion, Reserve Bank
The Government and the Reserve Bank are letting banks off scot-free. The full cost of printing money for the Large Scale Asset Purchase Programme and the Funding for Lending Programme is now falling on taxpayers while banks make record profits. Support during Covid...
Sep 29, 2022 | Media Releases, News, Opinion
The Government is to be applauded for its repurchase of Kiwibank. It now has the opportunity to introduce some real competition into the banking system that is dominated by the big four Australian-owned banks. The Government is taking on the supermarket duopoly due to...
Aug 16, 2022 | Monetary Financing, News, Opinion
Money creation by the Reserve Bank has been rightly blamed for contributing to our high inflation rate, but this is because the money has gone to the wrong sector of our economy. Through quantitative easing (also known as Large Scale Asset Purchases or LSAP) the...
