Board Thread:Organizations/@comment-6452219-20131210014126/@comment-24285185-20131217230806

I had a revelation, we could use total manufactured capital for the standard. Basically we combine the total value of all items made by each member state. To control inflation, we will produce a sizable amount of bills to put in circulation, but put into circulation less than the total amount, so if say Micronation A has a shortage on bananas, the economy would be protected because while the total reserve would shrink, there would still be enough in the reserve to back up the bills in circulation.

We combine the values of all that is produced by each member state, and then base the currency off of that. This creates a pool of wealth, but at the same time allows each nation to keep what they produce.

Every month, each nation should report on what they have in total based on what item they want to include in the reserve's value. If your country produces souvenir flags for visitors, then you take what your flags are valued as by the US dollar, count the amount you have produced and have, then report on the total value. Then the total reserve will be updated and displayed publicly.