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Bill: National Currency Unchaining Act (NCUA)
Details
Submitted by[?]: Conservative Renew
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: October 4211
Description[?]:
This will allow our currency to fluctuate without the government propping it up |
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 | 08:03:24, May 15, 2017 CET | From | Hosian Civic Union | To | Debating the National Currency Unchaining Act (NCUA) |
Message | Whilst this is well intentioned, the concern we have is that when the country is in an economic crisis (like now) the currency's value could plunge making exporting a lot harder for the capitalists of this nation. |
Date | 08:04:16, May 15, 2017 CET | From | Go Gaduridos! [PAG] | To | Debating the National Currency Unchaining Act (NCUA) |
Message | We are all for the free market, but this here is just idiotic. We are currently experiencing a major economic crisis. This could cause massive inflation which would destroy our economy even further. |
Date | 13:37:34, May 15, 2017 CET | From | Conservative Renew | To | Debating the National Currency Unchaining Act (NCUA) |
Message | We would strongly disagree with the Apocalypse Party and think that its more unreasonable to have the government artificially protecting the currency. This is the time to show the government has confidence in the currency which will increase the investment in the currency and the economy. Otherwise inflation can only go up with a government controlled currency. We should allow the people and businesses not the government move the currency. Linford Joseph SCP Assembly Leader |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 245 | ||||
no |
Total Seats: 256 | ||||
abstain | Total Seats: 0 |
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