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,...
The Waterworks of Money – a metaphorical representation of our money system
This metaphorical representation of our money system looks at how new money is created, where our pension savings end up, and discovers how this system is boosting inequality in various ways.
Funding option for harbour tunnels overlooked
The Prime Minister says that all funding options will be considered for the three proposed Auckland Harbour tunnels. But the option that entails no tolling, borrowing or public-private partnerships is being ignored. Our Reserve Bank could create the money in much the...
Budget 2023 another missed opportunity
Our 2023 “no frills” or “no thrills” budget is yet another missed opportunity that will consign the country to more debt. Few can argue against the need to fund infrastructure and resilience ($6 billion) and public housing ($3 billion) but the downside is that other...
Our Submission to Future of Money – Private Innovation
The Reserve Bank called for submissions to its proposed approach to new forms of private money such as cryptoassets, including stablecoins. It is part of its work on the Future of Money. You can find more about its proposals around Private Innovation. Here's a link to...
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...