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News and campaign updates from the team at
Positive Money New Zealand.
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...
Reserve Bank’s ‘quantitative easing’ repeats the mistakes of others
While the $12 billion Covid-19 stimulus package to workers and small businesses was launched with great fanfare, a relief package 2.5 times greater ($30 billion) for the financial markets was slipped in with barely a whisper.
VIDEO: Positive Money’s Parliamentary Select Committee presentation (12:32)
Positive Money national spokesperson Don Richards and Auckland spokesperson Cliff Hall appear before the Finance & Expenditure Select Committee to speak in support of our petition., 4 March 2020.
Reserve Bank should cut out the middleman in Covid-19 stimulus package
While the Covid-19 stimulus package will provide a welcome boost to the economy, it comes at the cost of even more debt. Our Reserve Bank is expected to go to the bond market to buy Government bonds from banks and other institutions to finance the package when...
Report on Positive Money’s Parliamentary Select Committee presentation
On 4 March 2020, Positive Money national spokesperson Don Richards and Auckland spokesperson Cliff Hall appeared before the Finance & Expenditure Select Committee to speak in support of our petition.
Handover of our petition to Parliament
A quiet revolution in US banking has implications for New Zealand
As the dominance of the four Australian banks comes under increasing scrutiny, and they continue to close branches and exit from our communities, the Public Banking movement might hold the answer. There has been a quiet revolution happening in banking in the United...
No need to borrow for infrastructure
The Government’s recent announcement that it will spend an extra $12 billion on infrastructure for new roading, rail, schools and healthcare projects, is welcome news. But there is a better way to fund it than to take on billions of dollars of debt.
California signs public banking act into law
A financial revolution has begun in California. The Governor, Gavin Newsom, has just signed #AB857 Public Banks into law, making it possible for California cities and counties to take control of their banking system through the creation of public banks. With public...
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