Steve Keen: Covid-19 and the debt time bomb

According to the OECD, New Zealand’s heavy reliance on tourism will mean a bigger COVID19 economic shock than most other OECD countries. The government’s response has been 1) quantitative easing (QE), with the Reserve Bank printing $90 billion in new money...

Dr Geoff Bertram: How do we pay for Covid-19?

A refreshing perspective on how we should manage our public finances. Includes information on the Reserve Bank’s government bond-buying (QE – Quantitative Easing) and argues in favour of direct monetary financing of Government spending....

Zoom meeting: Why Quantitative Easing won’t work

This meeting was held May 17, 2020. Our Government is providing in excess of 30 billion dollars in quantitative easing to the financial markets. We will use the experience of other countries to show how it is a highly inefficient way of providing liquidity (money) to...

Video: What’s wrong with our banking system; and the Positive Money solution

This is an entry level introduction and will provide participants with a good overview of the mechanics of money creation by private banks and the problems this debt-based method money system poses in modern society. It will also cover the debt-free, accountable, and...

Video: Covid-19: How Will We Pay for It? | Positive Money NZ

Positive Money NZ national spokesman Don Richards and Auckland spokesperson Cliff Hall hosted a Zoom meeting with Positive Money members to discuss how New Zealand can pay for the Covid-19 response and recovery. Hint: it’s not debt and it’s not taxes. Recorded Sunday...