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Money created at the rate of production

Written by Louis Even on Sunday, 01 October 2017. Posted in Social Credit

In the article "Love of money is at the root of all evil", Bishop Madega stated that Jesus was the first Social Crediter. Louis Even published an article in 1960 which explained the Gospel passage, "Render unto Caesar the things that are Caesar's, and unto God the things that are God's". A short excerpt of Mr. Even's article follows.

“There was another occasion in which Our Lord addressed taxation; it did not regard the monetary tribute required to Caesar, but rather the tax established by the Jews which was “laid upon every head for the service of the temple”.

The tax collectors came to St. Peter and said: ‘Does not your master pay the didrachmas?’ Jesus said to Peter: ‘Go to the sea and cast in a hook, and that fish which will come up take: And when thou has opened its mouth, thou shalt find a stater: Take that and give it to them for Me and thee.’ A fisherman by trade, Peter obeyed. (Matthew 17: 24 and 26.)

“Here, money was created at the same rate as production. The government cannot perform miracles, but it can easily establish a monetary system where money is in keeping with production. In other words, it is possible and consistent that money must be issued at the rate at which production occurs.  At the same time, Means of Payment must be issued in relation to production, for both the private and public sectors. This approach would conform to the common good rather than leave the control of money to the supposed good will of the high priest of Mammon.”

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