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,...
Addressing the issues the Reserve Bank has with Direct Monetary Financing
We have addressed the issues the Reserve Bank has with Direct Monetary Finance (DMF) in a submission to the Finance and Expenditure committee. The essential point we make is that most of the Reserve Bank’s objections are choices they have made, but pitched by the bank...
Rethinking Reserve Bank independence
A recent spat between the government and new Reserve Bank Governor, Dr Anna Breman, brought the issue of central bank independence into the spotlight again. We need the debate. There has been a consensus since the monetary reforms of the 1980s that monetary policy...
Our submission proposing direct monetary financing for infrastructure
In late October, we presented a petition to parliament seeking an inquiry into direct monetary financing for infrastructure. We have followed it up with a supporting submission. Following is an extract from our submission. You can read the full submission here (PDF)....
Our petition is presented to parliament
We handed over our petition at parliament on 22 October 2025, signed by over 1,600 people. The petition asked that the House of Representatives inquire into the Reserve Bank providing financing towards significant infrastructure projects at zero, or near to zero...
Finance Minister engages with Positive Money NZ on Direct Monetary Financing
We proposed the use of Direct Monetary Financing for infrastructure. Our original communication to Scott Simpson was forwarded to Finance Minister Nicola Willis. Our original communication on 1 May 2025 proposing the use of Direct Monetary Financing for infrastructure...
Positive Money petition seeks inquiry into Direct Monetary Financing for infrastructure
We have launched a parliamentary petition asking the government to use the Reserve Bank to help fund significant infrastructure projects. We are requesting that the House of Representatives inquires into the Reserve Bank providing financing at zero, or near-to-zero...
Our submission to Treasury’s Long-term Insights Briefing 2025 consultation
Treasury recently consulted on how the government should manage fiscal policy (i.e. government spending) through economic shocks and business cycles. Positive Money used this consultation as an opportunity to promote the use of Direct Monetary Financing as part of a...
Our submission on Local Water Financing Done Well
Positive Money’s team put in a submission on the Local Government (Water Services) Bill and followed it up with an oral submission to the Finance and Expenditure Select Committee on 5 March 2025. (Transcript and full submission below.)...
Our approach to the National Infrastructure Plan
The following is our response to the Infrastructure Commission’s invitation to test their thinking on developing a National Infrastructure Plan. My name is Don Richards and I am the national spokesperson for Positive Money NZ, an independent, non-profit group...
Our submission to the Select Committee inquiry into banking competition
We supported our written submission with an oral presentation to the select committee on banking competition on the 19th February 2025. (Full submission is below.) https://youtu.be/JsZpH4pk3IY?si=s9HOQYYYas3WmDAH Following the recent Commerce Commission Market Study...