Dick Eastman is running for President as a social-credit populist write-in candidate.
Dick Eastman, M.A., M.S., 62, of Yakima, Washington, is a student of economics who completed two years of the doctoral program at Texas A & M. He was a psychologist for the State of Washington and has taught microe- and macro- economics and money and banking at Heritage College. Since 1998 he has been a non-commercial citizen investigator what he believes are large crimes committed by those “to big to be caught.”
I interviewed him about his campaign and the economic program known as Social Credit.
Social Credit: The term was coined by C. H. Douglas in 1917. Douglas believed that humanity has proporetary rights to all of the know-how contributed by our ancestors over millennia of time and that these rights entitle every individual to a dividend payment called social credit. All that aside, the idea of national fiat treasury money being introduced to the economy, not as debt-financed investment and housing construction, but as fresh purchasing power that originates in hands of consumers, provides an answer to depressions caused by a shortage of purchasing power, of hiring power and of debt-paying power. The social credit system proposed American populists is intended to replace loan-created money that is introduced by bank loans to the household, production and government sectors. The goal is to have a market system where consumer demand supplemented by social credit is sufficient to make abundant domestic production profitable. With social credit money will continue to circulate, rather than, as a loan, having to be paid back to the financial sector and dragging interest with it.