ABSTRACT
This chapter focuses on the principles of Social Credit, as elaborated by Oliver Heydorn. Just as companies that make a profit, according to Heydorn, in the form of dividends to their shareholders, a nation could maximise a certain portion of its profit as determined in the National Credit Account and distribute the money to its shareholders, its citizens. The fractional reserve banking system largely determines the nature of money which can serve as the life-blood of a nation's economy, the rate at which it can flow, and the conditions under which it can be issued. An aspect of such a system is that, under its rubrics, the banks have the power to create money out of nothing. The single greatest benefit which would follow from the introduction of the National Dividend is that it would put an end, according to Clifford Douglas and to Heydorn, to the phenomenon of unemployment, and replace it with leisure.
