Chris Leitch: Is Social Credit heading to be New Zealand’s third political party?

Interviewed by

Lisa Er

Chris Leitch: Is Social Credit heading to be New Zealand’s third political party?

Chris Leitch speaks with Lisa Er on the way to fix our country’s financial woes, and the political party that can do this.

Neo liberal economics, turned loose on New Zealand by Roger Douglas and Labour in 1985 (and still adhered to by both Labour and National today) has failed. The results speak for themselves - hundreds sleeping on the streets, in cars, in sheds and garages, hundreds more living in taxpayer funded motel units because they have no homes, full time workers unable to afford their rent, a health system in crisis, inequality at its highest level ever, roads, sewage systems, water supply and other infrastructure in disrepair, our "clean green" country under threat.

We need an economic system that works for people and the country, not for a favoured few. Such a system exists. It's called Social Credit. It has been tried before in New Zealand and other places and worked brilliantly. It is being increasingly talked about internationally. It could work for us again.

Funny Money

"Funny Money", once used in a derogatory way to describe Social Credit, is a term that would best describe the stupidity of our government borrowing the money it needs from private financial institutions when it could borrow from the country's central bank (the Reserve Bank), which it owns.

This means that $4,500,000,000 of taxpayer money every year goes to pay interest when it could go towards things that benefit Kiwis.

Social Credit is committed to fixing that, and putting in place a financial system that works for New Zealanders.

Imagine if the government could create all the money that is needed.

“Our own history offers us one of the most important instances of this being done. In the 1930s in the middle of the Great Depression, the great Labour Prime Minister Michael Joseph Savage authorised the creation of new money so that thousands of new state houses could be built, thereby providing jobs for the unemployed and homes for the homeless and – incidentally – an income-producing asset for the government."

Quote from Brian Gould, “Creating Money for the Good of the Country”.

Chris Leitch is Leader of the Social Credit Party and its finance spokesperson.

Has been a campaigner for monetary reform since 1972.

He stood as candidate in Whangarei in 1984 and 1987.

He became the Party’s National President in 1989.

After his party joined the Alliance, he became the first ever Alliance Candidate to stand for parliament – in the Tamaki by-election in 1992 after Rob Muldoon stood down, coming in second. He and the team reduced an 8,500 majority down to just 1,200.

Elected to the Auckland Regional Services Trust in 1992, Chris fought efforts by the government to force the Trust to privatise and was successful in keeping revenue-earning assets in public ownership.

Elected to the Waitemata Electricity Trust, Chris helped resist attempts by a foreign company to get full ownership and asset strip the company.

He has served as Board Chairman of the Whangarei Youth Centre, and the Onerahi Primary School.

He has been deputy leader of the party for two periods, once commencing in 1993, and again in 2014.

He was elected leader last month.

Social Credit’s web site is

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Lisa Er

Lisa Er

Born in the UK Lisa emigrated with her parents to New Zealand at the age of 16. Already politically active Lisa has continued to have a passionate interest in peace, politics, and the philosophy behind what we do.

A primary school teacher for 14 years, Lisa then turned her hand to business and created the well known Lisa's Hummus, which she sold a few years ago. Now Lisa is immersed in creating a better political system via