So will Social Credit just print money and spend it?

 

Notes and coins will continue to be minted and issued into the economy as they do now without any debt attached.

 

There may well be a further limited amount of new money issued into the economy, without a debt attached. This will be done by the Government  spending it in areas such as health and education.

 

We will do nothing more than the present financial system does except that money will first enter circulation debt free.

 

Government infrastructure projects will not depend on expensive loans at commercial rates that require their repayment several times over.

 

Within the limits of a sound economy, we will issue some new money as required. And effectively, you will spend it.

 

There is no way we would just print money willy-nilly and spend as some people claim. We will just change the way it is brought into circulation. Our proposals are backed by international experts (see tellmemore.org.nz)

 

Authorised by Anne Leitch, Secretary, 42 Reyburn House Lane, Whangarei

secretary@socialcredit.nz

Copyright Social Credit Party 2019