From Debt To Prosperity ‘Social Credit’ Defined
From Debt To Prosperity ‘Social Credit’ Defined by DAVID E. ROBINSON is a thought-provoking exploration published by CreateSpace Independent Publishing Platform on September 21, 2010. This 222-page book discusses the economic challenges of recession, depression, and unemployment, proposing that the government can alleviate these issues by increasing the money supply through the issuance of national, debt-free money.
Readers will find a detailed examination of the relationship between consumer demand and buying power, emphasizing the importance of utilizing national credit to stimulate economic growth. The book argues for a shift away from traditional borrowing methods, advocating for a system that injects liquidity into the economy to support new projects and enhance financial stability. Topics such as education, finance, and social science are woven throughout the narrative, providing a comprehensive perspective on the potential for economic reform.
Official synopsis Publisher
There is no reason for us to put up with recession, depression and unemployment. The government simply has to put more money into circulation. It can all be paid for if the government increased the money supply by issuing national, debt-free money, as Lincoln did at the start of the Civil War. We suffer from a failure of consumer demand because of a lack of buying power – because of our failure to use our God-given national credit to prime the pump. Our country was pulled out of the Depression by priming the pump with liquidity and funding new projects that put new money into the people’s pocket. Watering a liquidity starved economy with new, national, debt-free money, – instead of borrowing money at interest from the banks and then giving it back to the banks – would work wonders.
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