If micronationalism is based on the faithful re-creation of a (macro)nation, relying on its own constitution, courts, parliaments, society and culture, it is natural to think that economics is also part of a more refined conception of micronationalism. Although not the main bias of micronational activity – several famous and successful micronations do not have an economic system – it is true that developing an original system adds and enhances the debate over the limits of micronational practice – and how to expand them.
The first step towards economic discussion in the Empire was in February 2015. Initiated by the then Minister of Finance, Count Faria, who was responsible for the creation of Ruthenian Mark, the official currency of Ruthenia and since then, the rest of the Empire after the Compromise of 2016. Although with little practical use, the Count Faria initiative was recognized to the point of being elected with wide margin for a mandate in the then Diet of Ruthenia.
After that, little was said about economy in the Empire. The King of Carpathia, the Duke of Libertia and the Duke of Appinfeldt, in various situations, mentioned plans to promote an Imperial Treasury (created at the end of 2017), but the various plans derived from these meetings never took place.
However, in 2017, the economy enthusiasts in the Empire came to have a voice and an opportunity. During the Congress of Colo, which took place between August 12 and September 2 of that year, t first debate largely focused on the issues of micronational currency and economic policy. Ideas regarding intermicronational currency exchange rates, banking regulations and stock exchanges were brought up, and all delegations appeared to be optimistic about the direction of the convention.
The effects of the Congress of Colo on the internal politics of the Empire it was noted with the creation of foundation of three state-owned enterprises (KCOM, KAWA and KarniaLight) on 12 September; the Imperial Bank of Karnia-Ruthenia on 27 November, the imperial central bank and thought to be based on public capital and private capital and responsible for the monetary policy and finally, the Imperial Treasury on 17 January 2018 as the government department responsible for developing and executing the government’s public finance policy and economic policy, but also charged with the receipt and custody of government funds. An honorable mention, yet, was the bill based on Gotzer law presented by the Emperor on types of corporate societies, which was lost when the forum was overthrown by Thomas de Cumagne on last October. Without saved copies, the project is lost.
If, on the one hand, the State has finally put the economy as one of its priorities, this measure has brought with it an insistent doubt: how to make a micronational economy work and more important than that, to prosper? And such primordial question is what made it necessary to form an economic team to advise the Emperor on the directions that the Empire should take soon.
To implement long-term policies, it is necessary the Emperor to lead them. To ensure that there will be no legal obstacles, the Minister of Justice, Prince Wilhelm von und zu Hochbach is also necessary. Then an economist was missing.
Matthias Wigmaransz Bergwächter Kiesel, a great enthusiast and scholar of economics and philosophy, presented himself to the Emperor last year when he acquired citizenship of the Empire. Since then, several meetings and debates have taken place; the longest of which occurred last Tuesday night and lasted more then four hours, discussing various subjects such as the origin of the currency in human society, the economic culture of different peoples and of course, how to apply it to micronationalism. His appearance also marks an important social aspect: it shows that an ordinary civilian could reach the highest spheres of power, having only talent and a good project. Success in the Empire would not have to go through noble titles and honors.
Concurrently, the Emperor has sought contacts with micronations that already use their own and well established economic systems, as is the case of the United Provinces of Mauricia and R.U.P.A., micronations of Lusophone Sector with a long history of economic practice tied to micronationalism. This, of course, without forgetting to study the examples of the Anglophone Sector.
Excited at the outlook that opens before the Empire, Mr. Kiesel is quoted to be the next Minister of Finances and legislation on the subject can be addressed soon. Our success, in the near future, may perhaps be counted in piles of Ruthenian Marks.