A dual currency system would help New Zealand recover

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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 would help New Zealand recover”

Councils should have power to create rates vouchers

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Councils should have the power to create rates vouchers

Continue reading “Councils should have power to create rates vouchers”

It’s our Superpower to create money says Reserve Bank chief economist

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On Tuesday 19th May John Campbell, 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”

Summary of The Big Shift: Rethinking Money, Tax, Welfare and Governance for the Next Economic System

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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”