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Bill: 2558.IC.004
Details
Submitted by[?]: Independence Coalition
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: August 2559
Description[?]:
| 2558.IC.004 |
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 | 03:08:00, April 10, 2008 CET | From | Normand Pluralist Party | To | Debating the 2558.IC.004 |
| Message | We are somewhat split on this issue. Arguments from both sides? |
| Date | 04:07:11, April 10, 2008 CET | From | Conservative Party | To | Debating the 2558.IC.004 |
| Message | The central bank is in charge of the money and rate. Private banks are for storing your money, asking for loans, pay bills, etc. |
| Date | 05:50:32, April 10, 2008 CET | From | Independence Coalition | To | Debating the 2558.IC.004 |
| Message | A central bank allows the government to have domineering control of the populace, by granting the central government complete control over the monetary system, and essentially grants a state monopoly over the banks. For example, by granting control over the monetary system, while in theory, gives the government power to prevent inflation, it also gives the government to cause rampant inflation, and prevents the natural ebb and flow of the economy. While there may be banks that are privately owned and "independent" the would essentially be subservient to the government., and grants government hegemony over the federal districts. |
| Date | 00:27:38, April 11, 2008 CET | From | Normand Pluralist Party | To | Debating the 2558.IC.004 |
| Message | Are you suggesting that this bill would put minting beyond the hands of the government? The government controls inflation not through a national bank, but through minting money. |
| Date | 00:27:52, April 11, 2008 CET | From | Normand Pluralist Party | To | Debating the 2558.IC.004 |
| Message | (Tentatively voting no, but still open to discussion) |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 149 | ||||||
| no |
Total Seats: 451 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Moderation reserves the discretion to declare RP laws invalid if the players supporting them are doing so in an excessively confrontational way. |
| Random quote: "Politics is all about compromises and negotiations, nothing more, nothing less." - Augusto Amadeo, former Istalian politician |