“Subsidiarity” is the name given to the principle that a central authority should have a subsidiary function, performing only those tasks which cannot be performed at a more local level.

The latest encyclical, Laudato Si, is generating a great deal of heat both inside and outside of the Catholic Church – and more heat than light I am afraid. Instead of discussing the various and, in some cases, quite serious scientific, philosophical, and theological concerns that a number of commentators have raised in reference to it (consider, for example, the following interview with Chris Ferrara:

The following review of my booklet The Economics of Social Credit and Catholic Social Teaching was recently published by James Reed in Australia:

Latest Articles

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    Elon Musk's Canadian Grandfather was a big proponent of Douglas Social Credit as an anti-communist programme for monetary and financial reform. It would surely make getting to Mars a lot easier.
    Written on Wednesday, 11 September 2024 08:27 Read more...
  • Douglas Social Credit and the Categories of Constraint
    After a recent conversation with Arindam Basu, it occurs to me that there is yet another method of explaining the Douglas Social Credit approach to our financial and economic systems for the benefit of newcomers. This has to do with the notion of constraints. There are natural constraints, i.e., constraints that are built into the very nature of things and are of a physical or metaphysical nature, and then there are artificial constraints, i.e., constraints that arise merely because of arbitrary (or not so arbitrary) human conventions that can be, at least in principle, abandoned, replaced, or altered at will.
    Written on Monday, 09 September 2024 09:10 Read more...
  • The Right to Cash
    The global drive to eliminate physical money is well worth viewing in a wider context. As Russian scholar Andrey Fursov noted4: from as early as the 1960s, a section of the Western ruling class pressed for a 3D policy of deindustrialization, de-rationalisation and depopulation, to retain, and indeed, extend control over the general public. To these three, we can add a fourth ‘D’ - dematerialization, and the push for an all-digital currency is one example of this.
    Written on Tuesday, 11 June 2024 20:35 Read more...