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Bill: An Act to Make the Central Bank of Alduria Independent of Political Interference
Details
Submitted by[?]: Parti Radical - Les Libéraux
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: September 4837
Description[?]:
| It is essential to the integrity of our economic and fiscal system that the central bank can work independently of the government. Therefore, we propose to disestablish the tight connection between them that currently exists, so that the central bank can more effectively respond to recessions and booms in a careful, economically informed, and uncoerced way. |
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 underneath the direct oversight of the head of government.
Proposed: 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.
Debate
These messages have been posted to debate on this bill:
| Date | 22:09:10, October 25, 2020 CET | From | Parti Radical - Les Libéraux | To | Debating the An Act to Make the Central Bank of Alduria Independent of Political Interference |
| Message | Tying the central bank to government politics too tightly creates a situation where our interest rates and monetary policy are entirely under the thumb of policy swings, which can severely damage our economy and put millions of Aldurians out of work. To prevent further depressions and to address the ones that will arise in the future, we implore all voting legislators to support this bill. |
| Date | 22:51:36, October 25, 2020 CET | From | Ventôsiens | To | Debating the An Act to Make the Central Bank of Alduria Independent of Political Interference |
| Message | We will not accept any opponents in such important positions. |
| Date | 03:32:51, October 27, 2020 CET | From | Parti Radical - Les Libéraux | To | Debating the An Act to Make the Central Bank of Alduria Independent of Political Interference |
| Message | With all due respect, sirs and madams: it is precisely because you should not have to worry about such notions as your opponents and allies in the central bank that this bill is essential! Keeping the central bank politically neutral so that no group can hold the very fabric of the country hostage for political gain is the goal here, nothing more. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 0 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 500 |
| Random fact: Voters have an extra appreciation for bills that actually get passed, so if you want to maximally take profit from your votes, make sure you compromise with others. |
| Random quote: "The whole uncivilized bunch on the opposite benches can get stuffed." - Craig Warwick, former Dranian politician |