Not "Funny money"
Following the 1937 Social Credit backbenchers' revolt, the government passed several pieces of radical populist legislation, such as the issuance of prosperity certificates to Alberta residents (dubbed "funny money" by detractors) in accordance with the theories of Silvio Gesell. Douglas, the originator of the Social Credit movement, did not like the idea of prosperity certificates, which depreciated in value the longer they were held, and openly criticized Gesell's theories.[2]
The Socreds also passed bills that would have placed the province's banks under government control. However, Lieutenant-Governor John C. Bowen refused to grant Royal Assent to the bills. The Supreme Court of Canada subsequently ruled the legislation unconstitutional because only the federal government can legislate on banking.
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