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Bill: Economic Deregulation Act
Details
Submitted by[?]: Rutanian Democratic Forum
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: September 2598
Description[?]:
| Rutanian Democratic Forum has analyzed our economic situation and reached a conclusion that it is necessary to de-regulate our economic system a little bit. Our economic model uses central bank as a market regulator, all other areas can be de-regulated, fully or just partially. So, to boost our stock exchanges a little bit, we are proposing this law. |
Proposals
Article 1
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Debate
These messages have been posted to debate on this bill:
| Date | 01:16:40, June 26, 2008 CET | From | Federal Rutanian Libertarian Union | To | Debating the Economic Deregulation Act |
| Message | We support. |
| Date | 02:03:23, June 28, 2008 CET | From | Labour Party | To | Debating the Economic Deregulation Act |
| Message | The Wall Street Crash of 1929 is surely a warning not to allow an unregulated stock exhcange. The consequences can be devastating, and would not leave our economy in a weak state - but an irreparable state. Any economic consequences which are brought about by a regulated stock exchange are mere childs play in comparison to the economic consequences of an unregulated stock exchange when things go wrong. |
| Date | 12:00:36, June 28, 2008 CET | From | Rutanian Democratic Forum | To | Debating the Economic Deregulation Act |
| Message | We do believe in regulation of stock markets and markets in general , but we choose a "weak model" of regulation - we still hold the central bank and their mechanisms to regulate the market. Wall Street 1929 is not a good example, because there was no signs that will be a crash, economy and situation in politics and society was perfectly well. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 390 | |||
| no |
Total Seats: 134 | |||
| abstain | Total Seats: 75 |
| Random fact: Before choosing a nation, you may wish to research it first. For more information on the cultural backgrounds of the nations, please see the Cultural Protocols Index: http://forum.particracy.net/viewtopic.php?f=11&t=6365 |
| Random quote: "Rarely is the question asked: is our children learning?" - George W. Bush |