The Property Ladder is a Ladder of Thieves

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I’ve been thinking about stealing. And it’s in relation to our tax system. We usually think of stealing in relation to private property. We could even steal the property of an organisation like an art gallery.

But the problem is that, with our current tax system, all the property owners of New Zealand are stealing from the public purse. And it is not their fault. They are usually oblivious. Continue reading “The Property Ladder is a Ladder of Thieves”

How Land Barons, Industrialists and Bankers corrupted Economics

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The so-called discipline of economics has been systematically corrupted in two major ways: first to get rid of the word ‘land’ from the very language of economics and second to downplay, omit or misrepresent any discussion of the words ‘credit’, ‘banking’ and ‘money’. Continue reading “How Land Barons, Industrialists and Bankers corrupted Economics”

Best leverage points for changing a system like the economy

FacebooktwitterredditpinterestlinkedinmailRight now many groups round New Zealand are doing a lot of thinking about how we might build back better after the pandemic. They are identifying issues and making recommendations, whether it be on addressing climate change properly, facing the wealth disparity or generally working towards a world with a future for humanity. Continue reading “Best leverage points for changing a system like the economy”

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

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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”