Resilient local economies
How can councils acquire more revenue so that they can fulfil all their functions including climate costs? This article argues that councils should have a new superpower – to be able to create their own rates-backed vouchers or its own ‘money’. Continue reading “Councils need a new superpower as climate costs escalate”
Covid-19 in New Zealand has resulted in the loss of thousands of jobs, including from Air New Zealand, Auckland Council, Fletchers, Millennium hotels, Sky City, Ngai Tahu and Bunnings. With the first round of wage subsidies ending in June and the second round ending in September there will be thousands more jobs to be lost. Despite the fact that on Monday 8 June we moved to Level One and we can all move around normally within our country, there is no sign of overseas tourism starting up again or Air NZ getting back to 2019 levels within the foreseeable future. Continue reading “A dual currency system”
Continue reading “Councils should have power to create rates vouchers”
On Tuesday 19th May 2020 John Campbell, the then host of TVOne Breakfast, interviewed Yuong Hu, Chief Economist of the Reserve Bank of New Zealand and asked him about printing money. If the Reserve Bank is going to buy billions of dollars in Government bonds where does the money come from? Continue reading “It’s our Superpower to create money says Reserve Bank chief economist”
Amanda Vickers of Waikanae wrote in March to the Minister of Finance and here is his reply. Continue reading “monetary financing”
Recently I wrote to the Minister of Finance the following letter. I have not had a reply or an acknowledgement of receipt to date (ten days later). Continue reading “This is a better way to raise all those billions Grant!”
The Big Shift: Rethinking Money, Tax, Welfare and Governance for the Next Economic System by Deirdre Kent
This important little book is a very dense read. The current growth-dependent economic system is not only broken must be completely replaced with a new paradigm. Continue reading “Summary of The Big Shift: Rethinking Money, Tax, Welfare and Governance for the Next Economic System”