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He also developed, during the Great Depression, the populist economic theory of "Direct Credits", according to which banks are the cause of all economic woe, the oppressors of both capital and labour.

Then suddenly he zoomed into prominence as the leader of an economic reform cult called the Direct Credits Society.

In his books Direct Credits for Everybody, 1931, and Know Business, 1937, are the basic tenets of the "Lawson Money System."

They control the country's press, schools, churches, and "every influential organization in the United States of America except the Direct Credits Society."

The most disturbing aspect of the Direct Credits Society is that it actually did attract tens of thousands of ardent followers.

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