Excerpt: “The Struggle for Money” by H. M. Murray 1957.
The 4 Step Social Credit Solution to the World’s Financial Crisis:
1. Set up a National Credit Account. At present we have only a National Debt Account; the banks having usurped all our National Credit—to create our National Debt!
2. Institute a National Dividend;
3. Finance New Production by drafts on the National Credit Account, not out of Savings; and
4. Allow a Just Price Discount on all personal purchases, out of income, for final use or consumption— to adjust book prices to actual incomes.
(This counters inflation and guides and motivates society as a whole to increase or decrease, as required, production).