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Text File  |  1992-09-02  |  393b  |  10 lines
  1. 1879-1952. English social reformer, founder
  2. of the economic theory of Social Credit,
  3. which held that interest should be abolished,
  4. and credit should become a state monopoly.
  5. During a depression, the state should provide
  6. purchasing power by subsidizing manufacture,
  7. and paying dividends to individuals; as long
  8. as there was spare capacity in the economy,
  9. this credit would not cause inflation.
  10.