Why Social Credit is not Socialism


     One of the chief misapprehensions under which newcomers to the subject often labour is that 'Social Credit' must be some form of socialism because, after all, the phrase encompasses ...

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A Conversation with a Loans Officer


Some time ago, I had the following conversation with a loans officer from a major Canadian bank:   Wally: When you issue these loans to borrowers you create the money out of nothing, don't you? Banker: (with slight hesitation) Yes, th...

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Tax Freedom Day - Canada


  Once again this year, the Canadian Fraser Institute has dutifully calculated “Tax Freedom Day”: “The Fraser Institute annually calculates Tax Freedom Day in order to provide a comprehensive and easily understood indic...

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Re: "The Costliest Money Mistakes"


     According to the latest edition of the “Money Minute”, the Royal Bank of Canada has discovered that 75% of Canadians struggle with consumer debt and that, on average, they owe 16,000 dollars per head (not including ...

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The Meaning of Leisure


     A few days ago, a friend of mine brought my attention to an article that had been published just recently in Crisis Magazine. The article was entitled “Why Leisure is the Remedy for Sloth”: http://www.cri...

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