From the desk of the Governor, Corellia.
The Governor released a statement today regarding the recent 'independent comments' being made in regard to the state of the Empires economy.
"It would most certainly appear that Vice President Meer's grasp on intergalactic economics is essentially flawed, primarily from the fact he misused said word in a standard sentance.
The Empire maintains minimal protectionists policies in regards to both micro and macro economics. The Imperial Reserve maintains full control over the galactic credits value and its trade in the overnight credit market. In that sense, it could be argued the Empires protectionist policies are hampering free trade of the currency, but such an act is the standard part of Macroeconomic Monetary Policy and should not be considered as such.
Along the same lines, the Empires protection of industry exists soley from the safety of the Empire and the employment of its citizens. In the event of a government contract being awarded to a non-nationalised CMG, too many security and employment issues would be out of the Regents control. In leiu of that, protectionist policies (quotas and tariffs) are only aimed at maintaining a healthy level of competition which results directly in the employment of Imperial Citizens and Corporate loyalty amongst CEOs. Such a position also allows Keynsien economic theory to be implimented through said corporations allowing capital goods to be constructed for the good of the Empire by the most efficient means.
Undoubtedly, the Outer Rim Sovereignty maintains a similar structure of market economics, unless Vice President Meer has something much more relevant than a general slight against Imperial Business?
The Governor released a statement today regarding the recent 'independent comments' being made in regard to the state of the Empires economy.
"It would most certainly appear that Vice President Meer's grasp on intergalactic economics is essentially flawed, primarily from the fact he misused said word in a standard sentance.
The Empire maintains minimal protectionists policies in regards to both micro and macro economics. The Imperial Reserve maintains full control over the galactic credits value and its trade in the overnight credit market. In that sense, it could be argued the Empires protectionist policies are hampering free trade of the currency, but such an act is the standard part of Macroeconomic Monetary Policy and should not be considered as such.
Along the same lines, the Empires protection of industry exists soley from the safety of the Empire and the employment of its citizens. In the event of a government contract being awarded to a non-nationalised CMG, too many security and employment issues would be out of the Regents control. In leiu of that, protectionist policies (quotas and tariffs) are only aimed at maintaining a healthy level of competition which results directly in the employment of Imperial Citizens and Corporate loyalty amongst CEOs. Such a position also allows Keynsien economic theory to be implimented through said corporations allowing capital goods to be constructed for the good of the Empire by the most efficient means.
Undoubtedly, the Outer Rim Sovereignty maintains a similar structure of market economics, unless Vice President Meer has something much more relevant than a general slight against Imperial Business?