The Haddinkov Economic Reform

General
The Haddinkov Economic Reform or THER for short, is an economic reformation act in order to improve the economic climate of Alterac. It has yet to be placed into law and is being introduced to Kormed Wolfheart in the hopes when Alterac is reclaimed by the City State of Alterac.

Reforms
Banking

1.Banks are to be made by the people themselves and privately owned.

2.Banks are to be regulated and never centralized.

3.Banks are to be limited of how many loans along with how big of loans are to be given out.

4.Banks cannot collect interest nor collect principle when a loan is offered and signed.

5.Banks cannot offer loans without Gold, Silver or copper to back up the loan. Mint

1.Mints are to be audited, all logs must be handed every last day of the week. Refusal to do so will result in heavy investigation and may lead to hefty fines.

2.To create currency with coin, all coins must be milled.

3.If paper currency is to be made it must equal the exact amount of Gold, Silver, or copper it is worth.

4.Printing or creating currency to cause inflation will result of suspension or termination of the mint. Markets

1.Markets must be open and free

2.Any industry that can be run privately, must be run privately.

3.Trade with another nation must benefit the nation itself

4.Nation and Market must serve the citizen, however the citizen is required to put forth effort to defend the nation and free market.

5.Regulation of free exchange can only be discussed in accordance with the Constitution, only when a threat to the safety of the Citizens and Nation can be objectively proven, and may only be implemented temporarily.