"It is of crucial importance that any monetary reform decentralize power over policy rather than centralize it even further in the hands of an elite few; the easiest and most effective way of achieving that decentralization is to enfranchise the individual citizens as the ultimate beneficiaries of any change in the economy’s financial infrastructure. Indeed, this is the whole aim of the Social Credit reforms."The Social Credit economic model maintains that the most urgent economic reform, the one that goes to the very heart of our tangled web of economic problems and perennial dissatisfactions, is the need to re-engineer the economy’s financial infrastructure. Changing the financial system along the lines that Social Credit indicates is not only necessary for a substantial improvement in our economic affairs, it may also prove to be sufficient for significantly reducing, if not eliminating entirely, most of the chronic symptoms of dysfunction with which we are familiar. I am thinking here of various distinct but intimately interconnected phenomena such as: poverty in the midst of plenty, servility in place of leisure, economic instability, inflation, and heavy taxation, ever-increasing and unrepayable debts, waste, inefficiency, and economic sabotage in all its forms, forced economic growth, the centralization of wealth, power and privilege, social breakdown, environmental damage, and international economic warfare leading to military war.
The specific re-engineering of the financial system that is at issue here is no arbitrary or doctrinaire alteration, but is firmly grounded on the principle that the financial system, like any system of weights and measures worth its salt, should at all times provide a symbolic representation of the physical economy that scrupulously corresponds to the actual reality. This is a functional necessity. If the money system is to adequately fulfill its purpose, the purpose for which it was invented, it must be an honest system; that is, it must provide an accurate reflection, an accurate picture, of all of the relevant physical economic facts.1