SOCIAL CREDIT DEBATE
IN CANADIAN PARLIAMENT NO-CONFIDENCE MOTION OTTAWA, Mar. 9. Speaking on the Social Credit noconfidence motion in the House of Commons, Mr C. Dunning (Minister of Finance) declared that Social Credit was fundamentally unsound, encouraging the wildest inflation and eventually reaching totalitarianism. The Douglas works were masterpieces of confused theory and studied ambiguity, with every concrete problem dodged. The adoption by Canada of Social Credit would mean only sky-rocket inflation and disaster. Mr John Blackmore, sponsoring the motion, declared that bankers created money as credits, yet they were not accused of being inflationists. Bankers should be ordered to abolish poverty and, failing that, should be replaced by experts. In reply to questions from the Government benches, Mr Blackmore stated that he could not disclose the identity of the experts. Pressed by Mr Dunning to state just how Social Credit would work, Mr Blackmore asserted that the explanation would involve too many technicalities. He was urged to state how much currency he would issue. He replied that this had not been decided.
Mr Dunning declared that the only financial solution was to increase national material wealth by managed currency.
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Otago Daily Times, Issue 23447, 11 March 1938, Page 9
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190SOCIAL CREDIT DEBATE Otago Daily Times, Issue 23447, 11 March 1938, Page 9
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