"THE ENTIRE US POPULATION got a pay increase May 24, when Sears, Roebuck issued a midsummer sale catalogue with more than 4,200 price cuts. Prices in new catalogues were on average almost 10 per cent less than those in the previous one, with reductions ranging from 6 per cent for children's wear to 19 per cent for drugs and 42 per cent for nylon nightgowns.
"US Labor Leaders, always clamoring for higher "purchasing power" should recognize, this is the best way to get it. Lower prices put money into everybody's pocket, not just the pockets of a few union members. And they do it without strike losses or inflation."
— The Letter Review,
Fort Erie, Ont., June 20/55.
While a reduction in price to the consumer may not put money in the consumer's pocket, it does take less out, and thereby increases his purchasing power.
∗ ∗ ∗
"What does Reuther want next?" (Walter Reuther; President of the United Auto Workers'Union, who obtained the Guaranteed Annual Wage).
"Personally, I'd favour a four-day week. Then you begin to give people the real benefits of progress through a longer week-end. Labour will be a hobby for the labouring man, who will be preoccupied with culture."
— Human Events.
If Mr. Reuther would couple with this a demand for falling prices and falling taxes, he'd be on the right track.
∗ ∗ ∗
Prime Minister St. Laurent, addressing the Canadian Bar Association in September, said that there is "a general tendency on the part of the citizens... to expect more and more of their government, and particularly of the central government..."
"If those demands are to be met it naturally follows that the government has to be endowed with the necessary powers and financial means to make that possible."
The Prime Minister, according to the Canadian Press report, added that there seems to be an increasing body of opinion that feels the state should become directly involved in assuring the welfare of its individual citizens, "or at least of those who do not seem to be able to look after themselves adequately.
"And when such a body of opinion in a democratic society represents the will of the majority of the population, the governments, if they are to remain democratic governments, have to take practical steps within the bounds of the constitution to carry out that will."
Two observations are obvious:
1. If a 'majority' asked for poison, would the 'democratic' government be duty-bound to administer the deadly potion? If not, why not? Have the electors a 'right' to demand, or a government to grant, policies or results which have no basis in Moral Law? And because 51 per cent decide to make themselves secure with the confiscated wealth of the other 49 percent, does this decision, because of its 'majority' status, have any validity rooted in the Moral Law?
2. The implications of the Prime Minister's address are that, in order to satisfy demands for 'security', we simply have to centralize power in Ottawa, and thus slip into socialism. Mr. St. Laurent might well consider the opposite policy — a policy of establishing every man in his own right through a process of decentralizing power. The individual Canadian does NOT need Ottawa to plan his life for him or pay his doctors' bills in order to enjoy a measure of 'security'. What he does need is adequate purchasing power to look after and pay for his own needs and order his own life.
These questions are at the very crux of the crisis facing mankind today.
In this special issue of the journal, MICHAEL, the reader will discover who are the true rulers of the world. We discuss that the current monetary system is a mechanism to control populations. The reader will come to understand that "crises" are created and that when governments attempt to get out of the grip of financial tyranny wars are waged.
An Efficient Financial System, written by Louis Even, is for the reader who has some understanding of the Douglas Social Credit monetary reform principles. Technical aspects and applications are discussed in short chapters dedicated to the three propositions, how equilibrium between prices and purchasing power can be achieved, the financing of private and public production, how a Social Dividend would be financed, and, finally, what would become of taxes under a Douglas Social Credit economy. Study this publication to better grasp the practical application of Douglas' work. 
Reflections of African bishops and priests after our weeks of study in Rougemont, Canada, on Economic Democracy, 2008-2018
The Social Dividend is one of three principles that comprise the Social Credit monetary reform which is the topic of this booklet. The Social Dividend is an income granted to each citizen from cradle to grave, with- out condition, regardless of employment status.
Economic Democracy is a book to explain Social Credit in lessons presented in logical order so it may be easier to the reader to grab the main principles of Social Credit rapidly and somehow easily.
In This Age of Plenty deals with Social Credit, but it does not exhaust the topic. Social Credit principles address social and political matters, as well as, or even more so, than economics and will put civilization on a new course.
From Debt to Prosperity outlines briefly the economic analysis and constructive proposals known as Social Credit.
Rougemont Quebec Monthly Meetings
Every 4th Sunday of every month, a monthly meeting is held in Rougemont.
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