Ministry of Economics (Michaelberg)

Ministry History
When the nation of Michaelberg was first created, Blitzkreig1010 created a plethora of ministries that would be responsible for various tasks. The Ministry of Economics was one of these first ministries to be created and was to be responsible for all economic activities within Michaelberg and ensuring that the Michaelberg economy was stable and prosperous. Within the Michaelberg constitution, section 20C describes the functions and operations that the Ministry of Economics would be responsible. Here is an excerpt from the Michaelberg Constitution:   ''The Ministry of Economics, which shall be one of the seven ministries to be established in the sovereign nation of Michaelberg, will be responsible for all economic activities in the sovereign nation of Michaelberg and maintaining a prosperous yet stable economy. The job of the Minister of Education, which shall be elected every five years, is to not only supervise the operations of the ministry itself, but to also hold a seat in the President's Cabinet and give regular reports about the ministry to the current President. If either of these duties are not fulfilled by the Minister of Education, the other Ministers and the President can decide to impeach them through a vote.''

MoEc Announcement No. 1: The Bank of Michaelberg Proclamation
The first announcement to be made by the Ministry of Economics was the Bank of Michaelberg Proclamation which stated that a central bank would be created once the nation had a sizeable economy to require it. The Bank of Michaelberg, as described by the first Minister of Economics, Barbara Hopkins, was to be separate from political affairs and should have the freedom to make any economic decisions without interference from the government. The Bank of Michaelberg was finally established on December 20th, 2008.

MoEc Announcement No. 2: The Invisible Hand Act
The second announcement to be made by the Ministry of Economics was the Invisible Hand Act which stated that the government was going to interfere as little as possible in economic affairs and rely on economist Adam Smith's theory of the Invisible Hand. This Act was well received by the primarily capitalist population as they hoped for as little government involvement as possible and believed that the economy and the government should remain separate entities.

Notable Ministers and Others

 * Barbara Hopkins (First Minister of Economics)
 * Michelle Travis (Second Minister of Economics)
 * Dr. Christina Williams (First Head of the Bank of Michaelberg)