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C.H. Douglas and the Social Credit movement were absolutely immense during the Depression period and slightly afterwards (especially in Canada). His philosophy
by vezzy-fnord 11y ago
C.H. Douglas and the Social Credit movement were absolutely immense during the Depression period and slightly afterwards (especially in Canada). His philosophy was a syncretic mix of positive economic theory, Christian philosophy and policy proposals that amounted to a UBI among other things. Today, it is nearly dead and largely unknown.
The MMT people have made their strides on the blogosphere, and did get Stephanie Kelton into the Senate Budget Committee. They loathe the UBI, however. They want to go straight for a job guarantee, as advocated in e.g. Hyman Minsky's writings. Assuming a Sanders presidency, their vulgar Keynesianism might pass.
These things tend to come and go, especially after crises. Sometimes they succeed. The Townsend Plan was a major impetus for Social Security. But I wonder if in some years we'll still be debating this.