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Bill: Monetary Freedom Act
Details
Submitted by[?]: Darnussian Reform Conservative Alliance
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 3051
Description[?]:
| When government has control over the supply, saving, and transaction of money, not only does the quality of service go down, but the unhealthy government market provides an incentive for malinvestments. With government controlling interest rates, individuals will either be given the ability to borrow too much money (false investment, the most likely scenario) or not be able to borrow enough (bringing the economy to a halt). Both of these can result in recessions. Interest rates and other banking fees can be seen as the price of money, and as with all other prices, the market makes the best decision. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
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 | 17:04:41, December 26, 2010 CET | From | Communist Party of Darnussia | To | Debating the Monetary Freedom Act |
| Message | Economic jargon bullsh*t. I don't want to be lectured on the workings of a privatised economy. All I know is that this promotes social class inequalities by promoting poverty. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 161 | |||
| no |
Total Seats: 242 | |||
| abstain | Total Seats: 0 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: We are in politics not because we hate our fellow man, but because we love him. ~ Anton Weinreich, General Secretary of the Dorvish Communist Part |