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”.

 

“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.”

H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.

MP's Sorted by Electorate

Name Party Electorate
Adrian Rurawhe Labour Party Te Tai Hauāuru
Alastair Scott National Party Wairarapa
Amy Adams National Party Selwyn
Andrew Bayly National Party Hunua
Anne Tolley National Party East Coast
Annette King Labour Party Rongotai
Barbara Kuriger National Party Taranaki-King Country
Carmel Sepuloni Labour Party Kelston
Chester Borrows National Party Whanganui
Chris Hipkins Labour Party Rimutaka
Clare Curran Labour Party Dunedin South
Craig Foss National Party Tukituki
Damien O'Connor Labour Party West Coast-Tasman
David Bennett National Party, Hamilton East
David Cunliffe Labour Party New Lynn
David Seymour ACT Epsom
David Shearer Labour Party Mt Albert
Dr David Clark Labour Party, Dunedin North
Gerry Brownlee National Party Ilam
Grant Robertson Labour Party Wellington Central
Iain Lees-Galloway Labour Party Palmerston North
Ian McKelvie National Party Rangitikei
Jacqui Dean National Party Waitaki
Jami-Lee Ross National Party Botany
Jenny Salesa Labour Party Manukau East
Jo Goodhew National Party Rangitata
John Key National Party Helensville
Jonathan Coleman National Party Northcote
Jonathan Young National Party New Plymouth
Judith Collins National Party Papakura
Kelvin Davis Labour Party Te Tai Tokerau
Kris Faafoi Labour Party Mana
Lindsay Tisch National Party Waikato
Louisa Wall Labour Party Manurewa
Louise Upston National Party Taupō
Maggie Barry National Party North Shore
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
Mike Sabin National Party Northland
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
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
Poto Williams Labour Party Christchurch East
Rino Tirikatene Labour Party Te Tai Tonga
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
Stuart Nash Labour Party Napier
Stuart Smith National Party Kaikōura
Su'a William Sio Labour Party Māngere
Te Ururoa Flavell Maori Party Waiariki
Tim Macindoe National Party Hamilton West
Todd Barclay National Party Clutha-Southland
Todd McClay National Party Rotorua
Todd Muller National Party Bay of Plenty
Trevor Mallard Labour Party Hutt South

 

 

 

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