... A range of tools have been identified and developed that will be used to create and manage a New Economy. These tools will create wealth for all New Zealanders, redistribute that wealth where necessary, direct investment funds toward the real economy of goods and services, discourage speculation and most importantly, remove the burden of compounding interest.

Core to New Economics is the sovereign New Zealand Monetary Authority (NZMA) that can provide and manage money as a public utility, for the economic, social and environmental benefit of New Zealand and its people. The NZMA will employ the tool of money creation, which may be lent into the economy interest-free or spent debt-free. It will be the responsibility of the NZMA to determine the proportion of each, according to the needs of the country each year. All monies provided by the NZMA may carry an administrative charge, to cover overheads...

Read or download the full paper:  Pemberton Ransom New Economics 2009 Updated 2011