What Is Social Credit? New Fable Explains
|March 24, 2002||Posted by Staff under Progress Report, The Progress Report|
Fable Explains Social Credit
What Is Social Credit?
(Publisher’s note — ever heard of Social Credit? A new web site uses cartoons to introduce the topic. Should you support or oppose the social credit ideas? Find out.)
Here is how Social Credit is described by its proponents:
“Social Credit is a new conception of finance, of the money system, that would definitely free society from purely financial problems. With Social Credit, money would not be created as debts to bankers. It would make money a simple servant, a mere bookkeeping system, but a just one, in keeping with existing conditions. Money would come into being as production is made, and money would disappear as production disappears. Also, Social Credit would distribute to every individual a periodical income, called a “social dividend”. This dividend would allow everyone to enjoy the fruits of progress.”
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