Thursday, 30 August 2012

Social Credit and the New Home Economics Part I

“Christopher Columbus was perhaps the first economist. When he left to discover America, he didn’t know where he was going. When he got there, he didn’t know where he was. When he returned, he didn’t know where he had been. And it was all done on a government grant!” Economist Jokes, www.

Ever since I started to research and write about Social Credit, the reaction has been, “Yes! Sounds fine! But would it work? How would it work?” And I heartily sympathise with Clifford Hugh Douglas in his frustration as he first presented his analysis of the economics of the First World War in 1918. What do people mean when they say, how would it work? What is ‘it’? Social Credit is not in essence a set of proposals for reform. Rather, it is an analysis of the relationship between the real, tangible, material economy and the elusive, will o’ the wisp of the financial economy. Once that is clear as a starting point, all manner of schemes could be dreamed up. Social Credit analysis can be used right across the political spectrum, from far left to far right, and all the gradations between. Before proposing practical institutional change, it is essential to grasp how the existing system works. Only then can discussion of particular reforms be soundly based.

The New Home Economics distinguishes between the facts of the real economy and the fictions of the financial economy. All that glitters is not gold. See the New Home Economics Study Guide in the current issue of The Social Crediter, on  

1 comment:

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