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Bill: Liberal Reform
Details
Submitted by[?]: Liberal Republican Party
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: December 3721
Description[?]:
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Proposals
Article 1
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Debate
These messages have been posted to debate on this bill:
Date | 10:12:20, September 01, 2014 CET | From | Social Liberal Party | To | Debating the Liberal Reform |
Message | The main problem with this proposal is that it becomes much more difficult to use anti-cyclic monetary policies in case of recession or too fast economic growth to the point when it causes inflation. Currency devaluation helps our exports, which is good during recessions, while currency revaluation helps reduce inflation and too big optimism during economic growth spurt periods. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 312 | ||||
no |
Total Seats: 186 | ||||
abstain |
Total Seats: 2 |
Random fact: Make sure your nation casts its nominations in Particracy's very own Security Council elections! For more information, see http://forum.particracy.net/viewtopic.php?f=26&t=8453 |
Random quote: "I am a conservative to preserve all that is good in our constitution, a radical to remove all that is bad. I seek to preserve property and to respect order, and I equally decry the appeal to the passions of the many or the prejudices of the few." - Benjamin Disraeli |