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Bill: No Fiat Money Initiative
Details
Submitted by[?]: Republican 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: February 4151
Description[?]:
| This bill seeks to eliminate the governmentally owned and operated central bank. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
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 | 21:35:34, January 13, 2017 CET | From | Unionist Progress Party | To | Debating the No Fiat Money Initiative |
| Message | What is wrong with having a central bank? We are not threatening the private sector's interests here. |
| Date | 23:10:18, January 13, 2017 CET | From | Republican Party | To | Debating the No Fiat Money Initiative |
| Message | Allowing the government to operate a central bank gives it a great deal of power over the nation's economy and currency--power which is better left entirely in the private sector. Moreover, banking in the private sector will be more efficient and yield more economic growth, as it is not impeded by a slow-moving governmental bureaucracy. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 50 | |||
| no | Total Seats: 99 | |||
| abstain | Total Seats: 151 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "Ask the experimenters why they experiment on animals, and the answer is: "Because the animals are like us." Ask the experimenters why it is morally okay to experiment on animals, and the answer is: "Because the animals are not like us." Animal experimentation rests on a logical contradiction." - Charles R. Magel |