News
News and campaign updates from the team at
Positive Money New Zealand.
Open letter: Our response to Finance Minister Grant Robertson
In November last year, we raised our concerns about the Reserve Bank’s Large Scale Asset Purchases programme (LSAP) and proposed a better alternative. Finance Minister Grant Robertson responded — unsatisfactorily in our opinion. The letter below highlights our...
Finance Minister responds to our letter… unsatisfactorily
In November last year, our National Spokesperson Don Richards sent a letter to his local MP, Justice Minister Kiri Allan. In it, he outlined issues with our current monetary system and asked for her support to raise awareness: What we have seen is first, excessive...
Funding for the Cyclone Gabrielle clean-up
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...
Let’s learn from some past economic successes and pitfalls, Prime Minister
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...
Capitulation to banks by the Reserve Bank and Government
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 members of the Finance and Expenditure Committee
This letter was sent to members of the Finance and Expenditure Committee on 29 November 2022. Following up on our submissions to the Finance and Expenditure Select Committee on who creates our money In 2020 we presented a petition to the Finance and Expenditure...
[Audio] Listen to Don Richards explain money creation and banks
Positive Money NZ national spokesperson Don Richards was on Radio Kahungunu earlier this month explaining to host Rahina Huata how banks and money creation work and why we need a better system.
Open Letter to Parliament Petitions Committee: Followup to Our Petition
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...
A golden opportunity for Kiwibank and New Zealand
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...
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