Douglas' theory of social credit has been disputed and rejected by most economists and bankers.
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10 Facts About Social credit
1.
2.
Social credit claimed that one of the factors resulting in a misdirection of thought in terms of the nature and function of money was economists' near-obsession about values and their relation to prices and incomes.
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3.
Criticism that social credit policies are inflationary is based upon what economists call the quantity theory of money, which states that the quantity of money multiplied by its velocity of circulation equals total purchasing power.
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4.
Social credit parties enjoyed some electoral success at the federal level in Canada.
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5.
Social credit called this philosophy "practical Christianity" and stated that its central issue is the Incarnation.
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6.
Social credit is consonant with the Christian doctrine of salvation through unearned grace, and is therefore incompatible with any variant of the doctrine of salvation through works.
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7.
Social credit has been called the Third Alternative to the futile Left-Right Duality.
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8.
Social credit society recognizes the fact that the relationship between man and God is unique.
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9.
Social credit asserted that such Jews controlled many of the major banks and were involved in an international conspiracy to centralize the power of finance.
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10.
Social credit believed that what Jews considered as abstractionist thought tended to encourage them to endorse communist ideals and an emphasis on collectives over individuals.
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