William John Abernathy (born October 3rd, 1975) is the current serving representative for National Assembly for the city of Pittsburgh, Pennsylvania, the current Chairman of the Civic Democratic Party and the former Chairman of the National Reserve, the central bank for North America. He is a graduate of Vanderbilt University and the University of Chicago, studying in economics and specializing in freshwater economics, specifically in the Chicago school of economics.
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| - William John Abernathy (born October 3rd, 1975) is the current serving representative for National Assembly for the city of Pittsburgh, Pennsylvania, the current Chairman of the Civic Democratic Party and the former Chairman of the National Reserve, the central bank for North America. He is a graduate of Vanderbilt University and the University of Chicago, studying in economics and specializing in freshwater economics, specifically in the Chicago school of economics.
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- 2012-01-01(xsd:date)
- 2016-12-11(xsd:date)
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| - 1975-10-03(xsd:date)
- William John Abernathy
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| - William John Abernathy (born October 3rd, 1975) is the current serving representative for National Assembly for the city of Pittsburgh, Pennsylvania, the current Chairman of the Civic Democratic Party and the former Chairman of the National Reserve, the central bank for North America. He is a graduate of Vanderbilt University and the University of Chicago, studying in economics and specializing in freshwater economics, specifically in the Chicago school of economics. In 2001, he was selected by then current Executive Secretariat, Evangeline Watterson as the Chairmen of the National Reserve. He was a prominent supporter for constricting the supply of money by increasing interest rates and increasing taxes on the entirely of the country, claiming that the rapidly expanding economy was contributing to a toxic housing market. Due to political pressure, he kept interest rates low, and supported the Administrative Coalition's cutting of taxes and rapidly expanding the expenditure. When the housing bubble caused the collapse of the financial markets in 2008, Abernathy rejected bailing out large companies that participated in the subprime mortgage crisis, claiming he did not want to create the precedence of supporting risky mortgage lending, or in general irresponsible corporate practices. In 2012, Abernathy left the National Reserve and was elected to the legislative branch. He was instrumental in the formulation of the National Mortgage Corporation as a state-owned enterprise that bought up cheap mortgages, while also launching an extensive rehabilitation process of encouraging citizens to rent rather than buying homes. The NMC quadrupled its returns with the selling of homes bought during the recession, which through special previsions in the creation of the corporation was appropriated to paying off the national debt. In early 2016, Abernathy dissolved the MNC, and many claimed that his efforts were effectively that of money burning and attempting to drain the money supply. He was herald among many for returning housing costs to reasonable rates and driving down inflation.
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