RECOMMENDED: Positive Money feature on TVNZ’s Seven Sharp
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.
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....
RECOMMENDED: What is Money?
A short video from Positive Money UK that explains how money gets created and destroyed by the banks. (2:34)
RECOMMENDED: Dr Michael Kumhof discusses ‘The Chicago Plan Revisited’
Dr Michael Kumhof discusses his IMF working paper The Chicago Plan Revisited (36 min).
Video: Banks create money
The influential German broadcaster Deutsche Welle created a four minute clip on how banks create money out of thin air. The word is getting out as more and more institutions take on a previously taboo subject. Certain aspects of the clip differ from what happens here,...
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...
Ground breaking papers from the Reserve Bank
The Reserve Bank has come out with a couple of courageous and ground breaking consultation papers on the future of money, says Positive Money national spokesperson Don Richards.
Key to the documents is the clear distinction between ‘central bank money’ and ‘private money’, issued mainly by commercial banks, the majority of our money supply.
Review of the Reserve Bank’s Central Bank Digital Currency (CBDC) paper, October 2021
The Reserve Bank’s paper The Future of Money – Central Bank Digital Currency is the second in a series planned as part of its consultation on the Future of Money (our notes on the first paper are here). Below are a few notes and pointers from Positive Money’s National...
Review of the Reserve Bank’s Stewardship paper on the Future of Money October 2021
The Reserve Bank’s paper The Future of Money – Stewardship is the first in a series planned as part of its consultation on the Future of Money. Below are a few notes and pointers from Positive Money that will help you to understand the issues and make your own...
Submission in support of our Covid-19 funding petition
The Positive Money team has followed up our parliamentary petition with a submission to Parliament. Positive Money launched its petition to offer an alternative to the emergency Covid-19 financing mechanism known as quantitative easing (QE) or ‘Large Scale Asset...