DOUGLAS SOCIAL CREDIT

Otago Daily Times, Issue 22101, 3 November 1933, Page 6

DOUGLAS SOCIAL CREDIT

On Tuesday evening Miss M. -H. M. King, M.A., continued her series of lectures on “ Obstacles to Douglas Social Credit.” Mr W. D. M'Carthy presided. Miss King opened by asking her hearers to keep in mind Douglas’s emphasis on the necessity for clear thinking; they should never accept statements on their face value without question, no matter from what source they originated. Obstacles gave rise to objections, and one of the commonest technical objections was that the Douglas proposals meant uncontrolled inflation. Inflation meant more money in the hands of consumers than the aggregate of price values, and Douglas offered a price regulation system which ensured that neither, inflation nor deflation could result. No country was really poor to-day excepting in money tickets, and- it was an extremely attractive proposition to keep money in short supply—for the money monopolists. Miss King concluded by stressing the fact that they need no longer suffer in order to maintain a defective system—systems were made for men; not men for systems, and self-development was above all systems. Though the end of man was unknown, the most rapid progress would be made by individual self-expression. Freedom and security had been won in the realm of reality—only the “ will to power ” prevented progress.