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Alliance of Liberals and Reformists; Dedicated to defending liberty!
Topic Started: Mar 21 2014, 11:35 PM (705 Views)
Belmaria
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Platform
Free Speech:
ALR advocates absolute free speech, and believes that the regional government has no right to restrict it at all. ALR is against "Hate Speech" laws, or any laws that legislate "politically correct" forms of speech.

Economics:
ALR believes in a lassiez faire type of capitalist system, in which regulations are minimal at most in order to create a more efficient Hyatian economy. We also believe that taxes should be kept as low as possible or eliminated. These beliefs are based on the principle that nationstates should have more power than regional governments.

Education:
Liberal Reformists believe the regional government should play no role in dictating education policy for our citizens. This is a national issue, not a regional issue.

Healthcare:
We believe the regional government should have no role in health care or health insurance.

Drugs:
Liberal Reformists believe in keeping all drugs safe and legal at a regional level, but letting individual nations decide how they want to handle the issue.

Energy:
The ALR does not support any intervention in the energy sector by the regional government.

Environment:
The ALR supports moderate environmental laws to ensure the safety and long-term stability of the region.

Property Rights:
Liberal Reformists believe property rights are entitled to the same protection as all other human rights. We believe that owners of property have the right to control, use, dispose of, or in any manner to enjoy their property without interference. We are opposed to eminent domain, whether by the government or by a private entity.

Justice:
We believe the justice system should treat everyone equally. We support habeas corpus and are opposed to ex-post facto laws and guilt by association. We also believe judges should be held more accountable and are opposed to arbitrary powers within the legal system.

Welfare:
Liberal Reformists believe that welfare is a national issue and should not be dictated by the regional government

Abortion:
The ALR believes that abortion is a national issue. We do not support regional government intervention in this area.

Guns:
We support a universal declaration of the right to bear arms at a regional level as a part of a broader declaration of civil rights.

Marriage:
Liberal Reformists do not support government involvement in marriage.

Defense:
Liberal Reformists support keeping a strong regional military to protect our citizens. We realize that military intervention is sometimes necessary to protect our people.

Privacy:
Liberal Reformists are against dragnet surveillance and DNA databases of our citizens. We support strict restrictions on the law enforcement and intelligence communities to protect the privacy rights of our people. We also support regulations mandating that websites, such as Google, provide a high-visibility opt-out option for any tracking performed on the website.
Edited by Belmaria, Apr 13 2014, 02:19 PM.
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Replies:
Anteridia

Netonia
Apr 16 2014, 12:59 PM
I was doing some casual reading/thinking about financial and monetary policy and had a few thoughts that I think we should work into our party platform (assuming we can come to a mutual agreement)

Thought 1: Unregulated banking does not cause inflation of the money supply or prices

- Competitive markets compel unregulated banks to fix the value of their deposit and note liabilities in terms of the economy's basic money, by offering redeemability at par in basic money.

- Under redeemability, the value of money falls (causing inflation) only when the supply of the economy's basic money grows faster than the real demand for basic money.

Thought 2: Unregulated competition among banks does not destabilize the banking system.

- The best regulator for the banking industry is not the government's regulating hand, but the cautiousness of the depositor. It is the individual's responsibility to manage the fruits of their labor, including how to diversify and store their earnings. Banks will respond to cautious depositors by carefully choosing their asset portfolios to attract cautious customers.

- Banks fail. This happens, it is not the responsibility of a government to save and/or protect institutions who could not properly diversify their portfolio. A lack of regulation will lead to various institutions who will find their own special brand of asset portfolio diversification, some will be good some will be bad. A banks failure is not evidence of a systemic failure.

Thought 3: Banking won't cause natural monopolies

- While I'm sure we all have a BoA in our hometown, the past few years have shown that it does not mean that the bigger (more branches) a bank has the better it is. Smaller more local banks allow for asset portfolios and banking habits which better suit their local population. A small local bank a mid-sized city will have different practices than a small local bank in a rural area. These flexible practices are not as widely available in a large centrally run bank.

- Financial/Banking regulation inherently favors the larger bank since regulation allows for limited flexibility.

All that being said I would also like to say that not all financial instruments are made equal. While the Black Scholes Model has provided a great way for determining fair prices of options, not all finacial instruments are so cavalier. Credit Default Swaps and Collateralized Debt Obligations have led to over exposure between banks and have led to a banks being stuck with uncollectible claims between banks.

I feel the ALR should support "free banking", but provide safeguards from collusion and monopolization so that certain financial instruments cannot cause crises.
*pauses to attempt to understand what Netonia is saying

Okay, while I don't pretend to be an expert on finance and derivatives, I will attempt to respond.

Regarding Thought 1, I agree and would also like to add that the central banking and fiat money system is the current and only source of inflation.

Regarding Thought 2, is the logical conclusion of the statement that state mandated deposit insurance ought to be dismantled so that depositors have a greater interest in the solvency of their banks?

Finally, I'm not sure that lax regulation of CDOs and CDSs were responsible for the crisis. I think it was a combination of the CRA encouraging banks to take on sub prime loans and the Federal Reserve artificially lowering the interest rate which exerted an inflationary pressure on housing prices and also encouraged the subprime loans. The CDO was invented back in 1987 and didn't become dangerous until they replaced corporate bonds and consumer loans with subprime mortgage loans as the collateral.
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Anteridia

I'd be interested in a Cabinet post, mostly Treasury/Commerce but I think I could also do Justice.
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Welsh Cowboy
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Anteridia
Apr 16 2014, 10:10 PM
I'd be interested in a Cabinet post, mostly Treasury/Commerce but I think I could also do Justice.
I believe there are others who would be more qualified for Treasury/Commerce, so I shall withdraw my name from consideration and instead leave it only in the running for Foreign Affairs.
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Belmaria
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Okay. So Anteridia could do Commerce/Treasury and Welsh could do Foreign Affairs. I think VFF deserves either Justice or Defense, and we should try to fill the other ourselves.
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Netonia

Belmaria
Apr 17 2014, 09:39 PM
Okay. So Anteridia could do Commerce/Treasury and Welsh could do Foreign Affairs. I think VFF deserves either Justice or Defense, and we should try to fill the other ourselves.
Since the children in Love Valley play "Private Protective Service Employees and Citizens Owing Restitution Based in Tort and/or Contract" and therefore are introduced and educated about the legal system from an early age; I nominate VFF to hold the Justice Minister position.
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Belmaria
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Okay, I have no objection to that. Does anyone have any objection to VFF holding the Justice position?
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Anteridia

I don't but I am a little concerned that Schaesberg has not yet confirmed that he intends to run for President.
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Belmaria
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I will telegram him, no problem :)
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Schaesberg
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Anteridia
Apr 18 2014, 12:08 AM
I don't but I am a little concerned that Schaesberg has not yet confirmed that he intends to run for President.
Sorry. I've been busy writing term papers. It's the end of the semester and I've been procrastinating, so it's been panic mode.

I'd be honoured to represent our party in the presidential election and I thank you for the kind words.
Edited by Schaesberg, Apr 18 2014, 08:58 AM.
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Anteridia

Great then it looks like we're pretty much set save for a Minister of Defense.
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