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Bill: Independence for Saridan's Central Bank
Details
Submitted by[?]: Seridjan Democratische Unie
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: July 4319
Description[?]:
| To provide greater stability for our economy Saridan's central bank should be independent of government interference & have a monetary policy committee to decide interest rates. |
Proposals
Article 1
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the Ministry of Finance.
Current: The central bank is an entirely independent agency of the government.
Proposed: The central bank is an entirely independent agency of the government.
Debate
These messages have been posted to debate on this bill:
| Date | 04:31:21, December 17, 2017 CET | From |  Tasseliese Boere-Unie ☭ | To | Debating the Independence for Saridan's Central Bank |
| Message | Comrades, To give a bank independence, separated from the watchful eye of an elected and replaceable government official, is to mark the countdown to our enslavement by the very economy we create. As a wise Dundorf Emperor once uttered, "Banking institutions are more dangerous than standing armies." The central bank being under the control of the Ministry of Finance allows for important monetary controls to be implemented and crises to be avoided. It gives us an oar, small though it may be, to steer us down these free market tides you all insist we continue to tread. If our party had its way, these banks would be demolished and turned into grain storage. Yet we continue to operate these malicious entities at our own peril. Allow us some minor control over them, for the good of the people. Deflation, inflation, monetary control is best left in the hands of officials whose incentives are reelection by those people they serve - not their own vile greed and profit. Comrade Father Dante Elefante Minister of Finance & Author of "Coin of the Realm: A History of Corruption" |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 57 | |||
| no |
Total Seats: 159 | |||
| abstain | Total Seats: 139 |
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