News

May 2017 Positive Money New Zealand issued a press release seeking clarity from the Reserve Bank on how our money is created.  They still refer to intermediation by the banks, which is not how our banking system works.

5th November 2016 An article in The Guardian newspaper in England argued that abolishing debt-based currency holds the secret to getting our system off its addiction to growth.

5th September 2016 KPMG released a report, commissioned by the Prime Minister of Iceland, titled "Money Issuance" The report looked at money created by the Government.

28 March 2016 Bryan Gould has agreed to be the Patron for Positive Money New Zealand.

Bryan is a respected commentator on economic matters, an author, academic and Companion of the New Zealand Order of Merit.

31 October 2015 A monetary reform group in Switzerland has enough signatures for a referendum on who creates their money supply.

14 October 2015 The Finance Commission of the Dutch parliament discussed monetary reform.

31 March 2015. The Telegraph in London reports on the Icelandic governments plan to have their central bank issue their money supply and calls it a radical plan.

22 November. The British parliament debated money creation last week, for the first time in 170 years. There was cross-party support for a proposal to set up a monetary commission

23 September. A new generation of young people, dubbed ''property orphans'' may be destined to be renters for life.

17 September. The Bank of International Settlements (BIS), the bank used by central banks, confirmed New Zealand houses are among the most "unaffordable" in the world compared to people's incomes.

6 September. Bruce Bisset of Hawkes Bay today reveals the true story behind the so called Rock Star economy.

25th April 2014 "Strip private banks of their power to create money”: says the Financial Times’ chief economics commentator Martin Wolf, who endorses Positive Money’s proposals for reform

15th March 2014 - In a historic move The Bank of England quarterly bulletin explains how money is created. Whenever a bank makes a loan, it creates a deposit in the borrower’s bank account, thereby creating new money. The bank says that this differs from the story found in some economics textbooks.

16th August 2013. The retiring head of the Financial Markets Authority apologised for the mistakes made saying “You were let down”.

 

John Kenneth Galbraith“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.”

John Kenneth Galbraith (1908-2006 ), former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975).

MP's Sorted by First Name M-W

Name Party Electorate
Maggie Barry National Party North Shore
Mahesh Bindra NZ First, List List
Marama Fox Maori Party List
Mark Mitchell National Party Rodney
Matt Doocey National Party Waimakariri
Maurice Williamson National Party Pakuranga
Megan Woods Labour Party Wigram
Meka Whaitiri Labour Party Ikaroa-Rāwhiti
Melissa Lee National Party List
Metiria Turei Green Party List
Michael Woodhouse National Party List
Mike Sabin National Party Northland
Mojo Mathers Green Party List
Murray McCully National Party East Coast Bays
Nanaia Mahuta Labour Party Hauraki-Waikato
Nathan Guy National Party Ōtaki
Nick Smith National Party Nelson
Nicky Wagner National Party Christchurch Central
Nikki Kaye National Party Auckland Central
Parmjeet Parmar National Party List
Paul Foster-Bell National Party List
Paul Goldsmith National Party List
Paula Bennett National Party Upper Harbour
Peeni Henare Labour Party Tāmaki Makaurau
Peseta Sam Lotu-Iiga National Party Maungakiekie
Peter Dunne United Future Ōhāriu
Phil Goff Labour Party Mt Roskill
Phil Twyford Labour Party Te Atatū
Pita Paraone NZ First List
Poto Williams Labour Party Christchurch East
Richard Prosser NZ First List
Rino Tirikatene Labour Party Te Tai Tonga
Ron Mark NZ First List
Russel Norman Green Party List
Ruth Dyson Labour Party Port Hills
Sarah Dowie National Party Invercargill
Scott Simpson National Party Coromandel
Shane Reti National Party Whangarei
Simon Bridges National Party Tauranga
Simon O'Connor National Party Tāmaki
Steffan Browning Green Party List
Steven Joyce National Party List
Stuart Nash Labour Party Napier
Stuart Smith National Party Kaikōura
Su'a William Sio Labour Party Māngere
Sue Moroney Labour Party List
Te Ururoa Flavell Maori Party Waiariki
Tim Groser National Party List
Tim Macindoe National Party Hamilton West
Todd Barclay National Party Clutha-Southland
Todd McClay National Party Rotorua
Todd Muller National Party Bay of Plenty
Tracey Martin NZ First List
Trevor Mallard Labour Party Hutt South
Tutehounuku (Nuk) Korako National Party List
Winston Peters NZ First List

 

 

 

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