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News and campaign updates from the team at
Positive Money New Zealand.
[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...
Our submission to the Three Waters Bill
Oral submission to the Water Services Entities Bill on Friday the 19 August 2022 Good afternoon and thank you for the opportunity to provide this oral submission. My name is Don Richards and I am the National Spokesperson for Positive Money New Zealand, a...
When and how to print money
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...
There is more than enough money to pay the nurses
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...
Independent enquiry required to investigate Reserve Bank’s epic $8 billion loss
The Reserve Bank is squandering billions of taxpayer dollars buying back our own Government bonds from private banks when it does not need to. Now we find that this money-go-round had a real cost—$8 billion and counting, says Positive Money national spokesperson Don...
Disturbing conflict of interest in Reserve Bank appointments
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...
Positive Money supports the call for an inquiry into the Covid economic response
The Green Party’s call for an inquiry into the government’s economic response to Covid is welcome, but needs to go a step further, says Positive Money national spokesperson Don Richards. “Rather than a select committee inquiry, the public deserves an...
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