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Bill: Central Bank Abolition Act of 2867
Details
Submitted by[?]: Constitutionalist Imperial League (IA)
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: February 2868
Description[?]:
| In recognition that a central bank, even one that cannot print money, is a severe threat to the economy and will largely contribute to the business cycle, we propose to abolish this unnecessary breach of our freedoms. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: All banks are privately owned.
Proposed: All banks are privately owned.
Debate
These messages have been posted to debate on this bill:
| Date | 17:42:33, December 22, 2009 CET | From | Democratic Progressive Alliance (IA) | To | Debating the Central Bank Abolition Act of 2867 |
| Message | Weren't constant recessions, booms, and busts more common during the era of entirely private banks? |
| Date | 17:53:38, December 22, 2009 CET | From | Constitutionalist Imperial League (IA) | To | Debating the Central Bank Abolition Act of 2867 |
| Message | Mr Speaker, If the DPA wishes, we can explain the entire theory that describes the failures of a central bank. Does the DPA want us to elaborate? I yield. |
| Date | 11:17:24, December 23, 2009 CET | From | Liberal Alliance | To | Debating the Central Bank Abolition Act of 2867 |
| Message | We like this. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 116 | ||
| no | Total Seats: 59 | ||
| abstain | Total Seats: 25 |
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| Random quote: "The basis of a democratic state is liberty." - Aristotle |