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Bill: Central Bank Abolishment Act
Details
Submitted by[?]: Lodamun Autonomous Republican Party
Status[?]: defeated
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: September 2442
Description[?]:
| The Central Bank currently operated by the government is inflationary in its policies and does nothing but benefit those who are in a position to take advantage of its boom and bust cycle of economic growth; namely, a small minority of rich investors. We propose to abolish the bank to curb inflation and reduce government interference in the economy. |
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 | 04:31:20, August 13, 2007 CET | From | New Conservative Left | To | Debating the Central Bank Abolishment Act |
| Message | Without a central bank, we are subject to no restrictions on inflation or unemployment in times of economic crisis. Removing our source of monetary policy and regulation will only exacerbate the problems the LARP claims to solve with this bill. If anything, removing the central bank will result in a larger boom and bust cycle of economic growth. |
| Date | 02:18:38, August 14, 2007 CET | From | The Unified Lodamun Party | To | Debating the Central Bank Abolishment Act |
| Message | We brought this up in the past and were voted down, it is interesting to see the swaying of the political waves. |
| Date | 05:59:55, August 14, 2007 CET | From | New Conservative Left | To | Debating the Central Bank Abolishment Act |
| Message | Considering the NMF voted against the same bill several years ago, I believe it's safe to say that the central bank will stay as is for now. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 269 | |||||
| no |
Total Seats: 297 | |||||
| abstain |
Total Seats: 33 |
| Random fact: Jelbic = "Group of cultures with an overall Central Asian/Eurasian steppe theme, using a fictional language developed specifically for Particracy". |
| Random quote: "A politician is an animal which can sit on a fence and yet keep both ears to the ground." - H.L. Mencken |