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Capitulation to banks by the Reserve Bank and Government

Capitulation to banks by the Reserve Bank and Government

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...
Open Letter to Parliament Petitions Committee: Followup to Our Petition

Open Letter to Parliament Petitions Committee: Followup to Our Petition

Oct 20, 2022 | Media Releases, Monetary Financing, News, Reserve Bank

To: Members of the Petitions Committee, New Zealand Parliamentcc: Dr Duncan Webb, MP (the MP who received our petition) Follow up to our petition, “The Reserve Bank Covid-19 recovery direct funding petition”, published 1 July 2021 You may remember that our petition...
There is more than enough money to pay the nurses

There is more than enough money to pay the nurses

Jul 10, 2022 | Media Releases, News, Reserve Bank

The Government is spinning a false narrative when it tells the nurses, and the nation, that the nurses’ pay offer is the best they can provide, given the lack of money. “The Government’s bank provided private banks and financial institutions with $55 billion dollars...
Disturbing conflict of interest in Reserve Bank appointments

Disturbing conflict of interest in Reserve Bank appointments

Mar 15, 2022 | Media Releases, Reserve Bank

The announcement of Paul Conway as the new Chief Economist at the Reserve Bank highlights a disturbing development at the Bank, says Positive Money NZ’s national spokesperson Don Richards. “In simple terms, we now have a revolving door at the highest levels between...

Recent Posts

  • Capitulation to banks by the Reserve Bank and Government
  • Open Letter: To members of the Finance and Expenditure Committee
  • [Audio] Listen to Don Richards explain money creation and banks
  • Open Letter to Parliament Petitions Committee: Followup to Our Petition
  • A golden opportunity for Kiwibank and New Zealand

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