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Bill: Economic Strength and Stability Act of 4344
Details
Submitted by[?]: Progressive Conservative Party
Status[?]: passed
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 4345
Description[?]:
This bill recognizes that a central bank is necessary to stabilize the Gaduri economy and smooth out the booms and busts of the natural business cycle. It therefore creates a central bank to help ensure maximum employment, stable prices, and moderate interest rates. The government will appoint the head of this central bank and an executive board to manage the bank, but it will not interfere in the central bank's operations. |
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 | 06:12:29, February 06, 2018 CET | From | All Progressive Party | To | Debating the Economic Strength and Stability Act of 4344 |
Message | Occ: so we will have central bank and reserve bank? |
Date | 07:08:39, February 06, 2018 CET | From | Progressive Conservative Party | To | Debating the Economic Strength and Stability Act of 4344 |
Message | OOC: Intention was to create a system sort of like the US Federal Reserve. This was the closest I could come based on the legislation options. Currently we have no central banking entity at all to control the monetary system. This bill establishes that we will have a central entity and based on other policies already on the books... "The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations." |
Date | 07:16:49, February 06, 2018 CET | From | All Progressive Party | To | Debating the Economic Strength and Stability Act of 4344 |
Message | OCC: Understood |
Date | 07:16:49, February 06, 2018 CET | From | All Progressive Party | To | Debating the Economic Strength and Stability Act of 4344 |
Message | OCC: Understood |
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Voting
Vote | Seats | |||||
yes | Total Seats: 171 | |||||
no | Total Seats: 0 | |||||
abstain |
Total Seats: 129 |
Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
Random quote: "What we are doing to the forests of the world is but a mirror reflection of what we are doing to ourselves and to one another." - Gandhi |