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An Efficient Financial System

At the Service of Producers and Consumers

An Efficient Financial SystemForeword

The financial system discussed in this booklet is generally known as Social Credit. Its principles were set forth by the Scottish engineer and economist Clifford Hugh Douglas and have not been applied anywhere to date. They were first published in 1918 and since then have been taught throughout the world by followers of Social Credit.

Douglas’ proposals would eliminate all financial problems where no physical limitations on production or distribution exist. His system puts finance in the role of service to the economy.

Douglas developed his proposals without much consideration given to their implementation. He pointed out that methods of implementation would vary according to place and established customs, etc., and could be modified, when necessary, if the principles were respected.

The Social Credit publications, “Michael” and “Vers Demain”, and similar writings have generally refrained from discussing methods for establishing a financial system that conforms with Douglas’ principles.

We believe that our role is foremost to explain what people need to obtain from their economic activities. We also wish to explain the reasons why people are entitled to the benefits which we will describe.

How to implement Douglas’ proposals is a matter for experts rather than one for politicians or for governments. Politicians and governments can tell the experts what is required and the experts will determine how to implement what is expected.

Bearing this in mind, Douglas addressed a meeting of Social Crediters in these words: “The bankers themselves will establish Social Credit — once, of course, they receive the order to do so.”

Douglas suggested that in order to get out of the financial rut in which individuals and governments found themselves during the 1930’s, the government should assemble a few of the country’s leading bankers, lock them up and keep them locked up until they found a remedy to the evils that afflicted the world!

Herein we will discuss how Douglas’ proposals may be implemented. How can a constant equilibrium between prices and purchasing power in the public’s hands be achieved? How can new production be financed, not with savings, but with newly created Credits?

Our goal is simply to demonstrate that it is possible to implement Douglas’ proposals rather than to show that a particular method is the only way. We advocate these methods because they seem to be the most practical and the least confusing. The methods proposed make use of the existing financial system, but free it from the defects that stop it from serving human needs.

Read the leaflet online or download it


Root of the Problem

by Louis Even on Friday, May 27, 2016.

Financing Production

by Louis Even on Friday, May 27, 2016.

Douglas's Three Proposals

by Louis Even on Friday, May 27, 2016.

Financing Public Works

by Louis Even on Friday, May 27, 2016.

Circulation of financial credit

by Louis Even on Friday, May 27, 2016.

A Dividend to All

by Louis Even on Friday, May 27, 2016.

Taxes under Social Credit

by Louis Even on Friday, May 27, 2016.


by Louis Even on Thursday, January 18, 2018.


To render financially possible what is physically possible

by Louis Even on Tuesday, May 01, 1956.

Money can be an instrument of service or a weapon of domination

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