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Bill: Peace, Freedom and Prosperity Act of 2438 (PART TWO)
Details
Submitted by[?]: Moderate Libertarian Party (NoCoalition)
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: April 2441
Description[?]:
A bill to promote peace, freedom and prosperity. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Debate
These messages have been posted to debate on this bill:
Date | 15:45:26, August 01, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | Democratic Rationlists encourage a debate on this topic. We're not sure we understand the economic advantages and disadvantages behind a central bank versus a wholly private banking system. Just on the grounds of not fixing what isn't broken, DR would oppose this proposal for now. But we're open to persuasive arguments. |
Date | 02:44:42, August 02, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | Central Banks have the authority to manipulate the market. The amount of money in circulation, amount produced, and the stability of the market can be manipulated by the Central Bank. Lets look at the latter, the stability. Central Banks can make artificial economic booms, it seems good doesn't it? Nope. After that it busts (ala, recession, or GREAT DEPRESSION). We have had our economy regulated so long by one thing: A Central Bank. If we do this, the days of government manipulation of the liveliness of the the market is over. With potentially grand, or dangerous effects, but that depends on the private sector. |
Date | 18:19:46, August 02, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | Can't the same central bank be used just to keep markets stable? Why is that a bad thing? |
Date | 17:55:23, August 03, 2007 CET | From | Party Royale | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | Central banks are necessary to mitigate the negative effects of economic downturns, and act as a stabilizer in the economy. They can cut interest rates when the economy is doing badly, or raise them when there is a risk of inflation, and they also act as the lender of last resort for private banks who are in danger of defaulting, increasing everyone's confidence in the banking system as a whole. |
Date | 23:32:33, August 03, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | This could lead to a whole new era of bank issued money. A new golden age. Instead of big brother controlling the economy by how much life blood (money) is in it. Barter and bank issued money (that may very well not be the useless fiat money most counries use) will be king. Economic downturns happen with or without central banks, they can cushion it, for sure, but they can hurt it if they do the wrong thing. Let the free market be king and stop the regulation. Vote yes to this bill. |
Date | 08:45:40, August 04, 2007 CET | From | Party Royale | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | Bank issued money??? Unless the CP is proposing a return to the Gold Standard and can guarantee that none of these banks will ever default, then this idea is absolutely terrible. A central bank is there so that there can be a uniform currency across the nation, and so that people will be able to conduct transactions within a country without having to worry about exchange rates, or if the bank who issued the currency will default. Returning to a system of bartering and having banks issue money just does not make any economic sense. |
Date | 09:48:11, August 04, 2007 CET | From | Social Liberalism Party | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | It is the Eye's belief that relieving the government of control of something so valuable as the lifeblood of the nation would adversely effect the government's ability to properly care for it's people. The potential for corruption amongst private businessman is too great to risk our nation's financial stability. |
Date | 22:25:30, August 04, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | Democratic Rationalists find the arguments for the central bank persuasive. A common currency, and the ability to stabilize markets are valuable services provided by a central bank. DRs oppose this bill. Thank you for the informative debate. |
Date | 00:22:08, August 05, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | To those who haven't voted, I would say this: Aloria is enjoying a prosperous economy now. This bill only stands to destabilize that. Why fix what isn't broken? Vote no on abolishing the central bank. It's the wrong time for this kind of legislation. |
Date | 04:14:08, August 05, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | The devolution or centralization. How about we bring the bank to the people? A Central Bank is the biggest symbol of unitarianism on this planet. If we allow private banks to be king, why, that's even better! |
Date | 13:55:24, August 05, 2007 CET | From | Republic People Party | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | MLP and CP don't know economic system. |
Date | 18:01:24, August 06, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | We know that a totally new and free system comprised of private money and banks could be established. |
Date | 03:56:12, August 08, 2007 CET | From | Social Liberalism Party | To | Debating the Peace, Freedom and Prosperity Act of 2438 (PART TWO) |
Message | It's not a matter of "could be", it's a matter of "should be" Debate is pointless, however, because MLP and CP have already passed this bill |
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Voting
Vote | Seats | ||||
yes | Total Seats: 307 | ||||
no |
Total Seats: 154 | ||||
abstain | Total Seats: 139 |
Random fact: Large scale RP planning (such as wars, regional/continental conflicts, economic collapse, etc.) should be planned (as best as it can be) and should have consent of a majority of players involved. |
Random quote: "It is obvious that the laissez-faire ideology represents the interests of big business. For decades, the right-wing has opposed welfare programs and nationalised companies, in favour of big business disguised under 'economic liberty'." - Cecilia Xu, former Gaduri politician |