SOCIAL CREDIT
CONDEMNED AT OTTAWA
"FUNDAMENTALLY UNSOUND"
(Received March 10, 1.15 p.m;) OTTAWA, March 9.
Speaking on a'Social Credit no-coii-fidence motion in the House of Commons, the Minister of Finance (Mr. C. D.unning) declared that Social Credit was fundamentally unsound and would encourage the wildest inflation, eventually leading to totalitarianism. Tha works by Major Douglas were masterpieces of confused theory and studied ambiguity/with every concrete . problem dodged. The adoption of the Douglas Social Credit system would mean only sky-rocket inflation and disaster. Mr. John Bla'ckmore, in sponsoring the motion, declared that the bankers should be ordered to abolish poverty, and if they failed should be replaced by experts. , Questioned by members on the Government benches, he stated that he could not disclose the identity of the experts he suggested.
Pressed by Mr. Dunning to state just how Social Credit would work, Mr. Blackmore asserted that an explanation would involve too many technicalities.
When urged to state how much currency would be issued, he replied that that had not been decided.
Mr. Dunning declared that the only financial solution was. to increase the' national material wealth by me'ans of a managed currency. •
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19380310.2.102
Bibliographic details
Evening Post, Volume CXXV, Issue 58, 10 March 1938, Page 10
Word Count
191SOCIAL CREDIT Evening Post, Volume CXXV, Issue 58, 10 March 1938, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in