Reasons Canada is Not Ready for Self-Government #3: Social Credit

Major C.H. Douglas, the inventor of Social Credit, visits Edmonton.

Social Credit is an economic theory dreamed up in England in the 1920s. Never heard of it? Then you’re not Canadian. It has been taken seriously in no other country. In Canada, however, it produced two longstanding provincial government dynasties, and the third-largest federal parliamentary delegation for five elections in a row. It held significant support from BC to Quebec.

"Bible Bill" Aberhart, longtime Socred premier of Alberta

Cut away the jargon, and the basic idea of Social Credit is quite simple: government prints more money, and hands it out in fistfuls to the general population.

Now, any grown-up country should realize that this is not the way it is done. The money has to be laundered through the bureaucracy first. There is something tasteless about being so direct about it. What kind of example does this set for the children?