The Quantitative Easing Act
From The Kodiak Republic Wiki
The Quantitative Easing Act
Article 1:
- 1.1 - The Central Bank shall establish a monetary policy of mild quantitative easing. The Treasury shall create 12.1 billion new florins which the Central Bank shall use to start buying a small number of long-term bonds spread over the largest financial institutions in Kodiak.
- 1.2 - After 12 months from implementation, this article will be automatically removed unless the General Assembly wishes and votes to renew it.
Introduced as part of the Economic Recovery Package, 651
Written and Proposed by Erich Crysler, MGA, Independent
FAILED in the assembly by a vote of 8 Aye, 8 Nay and 2 abstaining
