Page 3383 - Week 12 - Tuesday, 18 September 1990
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allow their secret of money creation to be aired by admittance.
I presume Mr Connolly will apologise to the Legislative Assembly for misleading the House with respect to the contents of my book. Such an apology, incorporated into Hansard, would suffice for an apology to me. If Mr Connolly fails to offer an apology to The House, I will ask that he publicly apologises to me after the debate.
Len Clampett.
Mr Len Clampett
MR CONNOLLY (10.04): Mr Speaker, I must respond briefly. I clearly must apologise to Mr Clampett. I misleadingly referred to his book as Hand Over the Loot, not Hand Over Our Loot. I most abjectly and humbly apologise for that grievous error. I also said that the dodger for the publicity for the book was fraudulent. I repeat that; it is fraudulent. He claims to be a professor of constitutional law. He is, of course, no such thing. He is a pedlar of manic ideas, a pedlar of nonsense, of fairies in the bottom of the garden, of economic trivia. It is unfortunate that weak minds in history have often accepted this idea originating from a Major Douglas in Canada - that money can be created as fruit from the trees; that money is a never ending commodity, as long as someone can dream up the answer. But the problem of economics, the problem of scarcity, is simply that no-one has worked out the magical answer to money. Mr Clampett is peddling nonsense. He is doing so fraudulently by claiming to be a professor of constitutional law. He deserves to be treated with contempt and I have no intention of publicly debating him or giving his ideas any credence.
I raised this matter in the house because it is of concern that these ideas are being peddled to small business people who are having difficulties with banks and finance companies at the moment. Mr Clampett's ideas are nonsense.
Mr Len Clampett
MR DUBY (Minister for Finance and Urban Services) (10.05): Mr Speaker, I rise posthaste to join Mr Connolly in his round admonition of the concepts put forward by Mr Stevenson.
Mr Connolly: It is an unlikely combination.
MR DUBY: It certainly is. For once I join with Mr Connolly in roundly condemning. The fact of the matter is that I can only endorse the comments made by Mr Connolly.
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