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Bill: No Currency Manipulation Act of 2591
Details
Submitted by[?]: Moderate Libertarian Party (NoCoalition)
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: December 2591
Description[?]:
| No Currency Manipulation Act of 2591 |
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 | 21:35:49, June 13, 2008 CET | From | Democratic Centrist Party | To | Debating the No Currency Manipulation Act of 2591 |
| Message | Why shouldn't we have a central bank? It is an excellent tool for controlling inflation/deflation. |
| Date | 03:50:37, June 14, 2008 CET | From |  Moderate Libertarian Party (NoCoalition) | To | Debating the No Currency Manipulation Act of 2591 |
| Message | Money can't be controlled. It's market-based. What a central bank does is manipulate currency often devaluing it and thus driving down its purchasing power. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 160 | |||
| no |
Total Seats: 284 | |||
| abstain |
Total Seats: 255 |
| Random fact: The majority of nations in Particracy are "Culturally Protected" with an established cultural background. Only the "Culturally Open" nations are not bound by the rules surrounding culture. The Cultural Protocols Index should be consulted for more information about the cultural situation of each nation. |
| Random quote: "While the State exists, there can be no freedom. When there is freedom there will be no State." - Vladimir Lenin |