Showing posts with label social credit. Show all posts
Showing posts with label social credit. Show all posts

Saturday, 28 March 2020

Social Credit, again

Thanks to a comment from Michael Reddell my attention has been drawn to the discussion of Socal Credit that appears in the report of the New Zealand Royal Commission on Monetary, Banking, and Credit Systems. This report was published in 1956.

Friday, 6 March 2020

What everyone should know about social credit

Of the ideas that economists have to deal with every so often, one of the stranger ones is that of Social Credit monetary theory. Here in New Zealand Social Credit was once a third party with a reasonable following by voters. Back in 1955 it was such a force that an economist at the University of Canterbury, Alan Danks (later Professor and Sir) wrote a short pamphlet explaining what was wrong with the Social Credit approach to economics. The pamphlet is What Everyone Should Know about Social Credit by A.J. Danks, Christchurch: The Caxton Press, 1955.