5 point economic plan for New Zealand

I've learned a lot about New Zealand in the last few days, but I'm sure I'm still at a huge disadvantage to my opponent. New Zealand seems to be in much better economic shape than the U.S. at the moment. I've tried to develop a 5 point economic development plan for New Zealand. I hope the readers find it thought provoking.1. Monetary ReformEngage monetary reform to restructure the roles of the Reserve Bank of New Zealand (RBNZ, the central bank) and the Treasury. Under the new system, the government will keep internal accounts for record keeping but will no longer have any accounts at the RBNZ. All spending will be conducted with newly created money. Taxes will simply un-create money. The RBNZ will no longer conduct domestic market operations and thus will no longer be the primary issuing body for the NZ$. The RBNZ may issue bonds backed by the Treasury in order to set interest rates. Operationally this results in no change in the way the NZ$ is issued and government securities are sold, it's really just a different way of structuring the same transactions. The reason I propose this, however, is it will help people stop thinking that there are fiscal solvency constraints on the government. Thus, rather than thinking in terms of how much government can we afford, people should start thinking in terms of how big of a government do we want? How many teachers, or bridges do we need? Then the government can just build what is needed and periodically adjust tax rates to maintain low inflation.2. Establish an employer of last resort programThe government will offer a job at 10% below minimum wage to anyone who wants it. This is more efficient than current unemployment benefits, because the people in this program will contribute to the betterment of the country through work. Also, it keeps people in an employable state (potential employers know the employees show up on time, shower, etc.), so it is a benefit to private sector employers as well since there will be a pool of workers available when private sector hiring starts up again after the economy improves. Additionally it prevents family breakdown and other anti-social side effects of unemployment for a lot cheaper than enhanced policing. A similar program called "Jefes de Hogar" was instituted in Argentina to great success until the government decided it couldn't afford it anymore (see point 1). NZ has previously had zero unemployment (http://research.stlouisfed.org...) and it can again.3. Free university education for students in science and engineeringInvest in developing a population that can drive tomorrows industries. Even if you don't buy my monetary reform idea, creating a population that earns more means they can pay more taxes (at a lower rate) in the future.4. Development grants for high tech (Think Big for the 21st centruy)The productivity of tomorrow is determined by what we build for future production today. While NZ is already one of the best countries to start a business in, they should issue grants to start up companies (or provide financing) to develop vibrant software, engineering, and biotechnology industries. NZ can help create a population that attracts foreign companies to do their intellectually intensive activities in NZ, as well as fostering an environment in which domestic startups can flourish. It's time to create an antipodal silicon valley. Think Celtic Tiger but with beaches.As a side note, in the original Think Big, the government financed it with foreign debt. I am not proposing to do that again. There are sufficient resources in NZ that overseas purchases are unnecessary for either this or point 3.5. Create a domestic development bankThe private sector has a large and growing foreign debt. The private sector banking system is (for some reason) not keeping up with the credit needs of the NZ private sector. The government should create a nationally chartered devalopment bank to do just that.