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Bill: Approval of a Central Bank
Details
Submitted by[?]: The Worker Party
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: January 4007
Description[?]:
| A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state's legal tender. The primary function of a central bank is to control the nation's money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists. So think about how much better our country would be if we had this. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
| Date | 00:22:14, March 31, 2016 CET | From | Progressive Green Party | To | Debating the Approval of a Central Bank |
| Message | You have not added a proposal |
| Date | 01:03:14, March 31, 2016 CET | From | Social Liberty Party | To | Debating the Approval of a Central Bank |
| Message | It is a intresting idea, but you need to add a proposal |
| Date | 04:51:31, March 31, 2016 CET | From | The Worker Party | To | Debating the Approval of a Central Bank |
| Message | How do I do that's? |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 121 | ||||
| no |
Total Seats: 269 | ||||
| abstain | Total Seats: 0 |
| Random fact: Particracy has 464 player slots. |
| Random quote: "How much more grievous are the consequences of anger than the causes of it." - Marcus Aurelius |