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Bill: Independent Central Bank Act
Details
Submitted by[?]: Republican Party - Democrats
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: August 4451
Description[?]:
| We propose that greater independence is given to the central bank. |
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 national legislature.
Current: The central bank is underneath the direct oversight of the Ministry of Finance.
Proposed: The central bank is an entirely independent agency of the government.
Debate
These messages have been posted to debate on this bill:
| Date | 15:24:48, September 06, 2018 CET | From | Republican Party - Nationalists | To | Debating the Independent Central Bank Act |
| Message | We consider this the wrong move for Baltusia. We need to keep the banksters in line more, not less! |
| Date | 09:15:37, September 07, 2018 CET | From | Republican Party - Democrats | To | Debating the Independent Central Bank Act |
| Message | We feel that qualified experts are better placed to make decisions. This also protects the Central Bank from ideological change in the national legislature. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 189 | ||||
| no | Total Seats: 37 | ||||
| abstain | Total Seats: 24 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." Lester Brown, Fortune Brainstorm Conference, 2006 |