Free Exchange Act (Failed)

[Fmr President & Senator Polnut]

All I can say to this Bill is "wha?"

Good to know the Senate's time is being put to good use.

Motion to table.

[Fmr President & Senator Polnut]

All I can say to this Bill is "wha?"

Good to know the Senate's time is being put to good use.

Motion to table.

Your hostility is starting to bug me. Why are you always so arrogant and generally unpleasant?

My apologies.

I will withdraw my motion and ask the Senator what benefit this Bill would have and why this Senate should support this measure.

[Fmr President & Senator Polnut]

This bill is fairly simple. It would allow individuals and institutions to negotiate contracts requiring payment in currencies/commodities other than Federal Reserve Notes. It wouldn't alter Atlasian monetary policy or prevent those who wish to use from FRN's from ceasing to do so, it would simply allow consenting parties to use alternatives if they so desire. There are many reasons why people may wish to use alternative currencies or other forms of payments (I can go into detail if anyone would like), and I see little reason why they should be prohibited from doing so.

I would like some detail as to why someone wouldn't use legal tender?

[Fmr President & Senator Polnut]

Maybe that's the (pinko) European in me speaking, but I do feel that it is certainly preferable to have a central authority controlling our currency, and in that way our monetary policy. Such an important point as money is for me better left to the government...

This bill wouldn't abolish the Federal Reserve or prevent it from issuing currency.

Would this enable private individuals to print their own currency... assuming that others would be prepared to accept it?

[Fmr President & Senator Polnut]

Maybe that's the (pinko) European in me speaking, but I do feel that it is certainly preferable to have a central authority controlling our currency, and in that way our monetary policy. Such an important point as money is for me better left to the government...

This bill wouldn't abolish the Federal Reserve or prevent it from issuing currency.

Would this enable private individuals to print their own currency... assuming that others would be prepared to accept it?

That's already legal.

That is true.

I'm pretty sure bartering is not illegal. I'm just not sure what problem is being solved by this Bill, when a lot of it is accepted and not illegal.

[Fmr President & Senator Polnut]

I don't believe there is enough will in the Senate to further this, considering nothing has happened for three days. The Sponsor has presented his case, I believe I have asked my questions, and here has been sufficient time for others. I appreciate Senator Deus' prompt responses.

I am going to motion for a final vote on this.

[Fmr President & Senator Polnut]

NAY