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Bill: Economic Anti-Distortion Act
Details
Submitted by[?]: Grand National 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: December 4203
Description[?]:
| Mr Speaker, by intervening in the economy arbitrarily, the government prevents market players from adjusting to changing circumstances and thus purging excesses or correcting malinvestment. The same applies to bailouts and manipulation of the money supply through central banking. We therefore propose a return to the proven policies of sound money and laissez-faire. Lucretia Llewellyn-Evans MLC Leader of the Opposition |
Proposals
Article 1
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is fixed by the government.
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.
Article 2
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Article 3
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 | 18:56:10, April 29, 2017 CET | From | Conservative Party (보수당) | To | Debating the Economic Anti-Distortion Act |
| Message | Mr speaker, We can only agree with article 2 so wont be supporting this bill Max Gerster Prime Minister |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 126 | |||
| no | Total Seats: 129 | |||
| abstain | Total Seats: 0 |
| Random fact: RP laws follow the same passing rules as in-game variable laws. Laws that are not of a constitutional nature require a simple majority "Yes" vote from active parties currently holding seats. Laws that are of a constitutional nature require a 2/3 majority "Yes" vote from active parties currently holding seats. RP laws may be abolished a simple majority vote this applies to ANY RP law. |
| Random quote: "The root source of wealth is human ingenuity. This has no known bounds, so the amount of wealth in existence can always be increased. That's why capitalism is called 'making money.'" - Marc Geddes |