The Policies of C. H. Douglas’ Social Credit are perfectly targeted at and effective for the primary problems of both the micro and macro-economy. And even though both of its policies are necessary, the real key to Social Credit being effective lies in the Discount mechanism and its macro-economically derived percentage. If Macro-economics is concerned only with aggregates and the Discounts are entirely rebated back to participating merchants thus not only making them whole on their margins and overheads but also enabling Social Credit to fit seamlessly within profit making systems, then, as profit, savings, interest and any other excess costs or diminutions to the circular flow of the economy…are waste so far as the macro-economy is concerned…all of their combined additions to the denominator and subtractions from the numerator could be inputted into the simple ratio formula of the Discount and the resulting percentage would be very high.  If you can costlessly place a tidy sum of money directly into the hands of individuals and also effect price deflation at the same time you’ve mathematically and concretely accomplished what both liberal and conservative orthodoxies consider an impossibility. Grace, the broadest and deepest word in the dictionary whose primary aspects are best characterized by the words balance, equilibrium and flow as are the classic (and correct) goals of economic theory and policy is thus the best guide for both individual development and human systemic policies. Do the linguistic and philosophical exegesis…and the integration of the two becomes not only possible…but obvious. And for those who simply will not or cannot overcome their orthodoxies of whatever stripe including pre-scientific and acculturated religion. “Oh ye of little faith…and economic insight! Ye have your reward!

Steve Hummel 08/15/2015