Maxim Wellington Meeting

Last night I attended a candidates meeting in Wellington Central - not the Aro Valley meeting but the Maxim meeting at Elim Church.

During the meeting the National Party Representitive Rosemarie Thomas held up a number of Labour Electioneering items available on the information table outside and told everyone that they had been paid for by the taxpayer. Proof was the crest on the items.

The person who got the best laugh out of the audience was Lesley Soper - She called Dr Michael Cullen a man of great economic prowess who is better than anyone else to manage the economy.

After the meeting I got talking to the 'Democrats for Social Credit' man who advised me that the privately owned banks in NZ should be kicked out and the Reserve Bank provide interest free loans for everyone. His reasoning was that the private banks 'make money up out of nothing' and therefore the Reserve Bank should do it and not charge interest.

The only problem with his theory is that banks don't make money out of nothing. If they could, why lend it out? If you can make money out of nothing you just give it to the shareholders and they'd be happy, and you wouldn't need all those expensive bank branches everywhere.