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,...
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
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...