The King
Chapter 599

Bankruptcy's Three Measures vs. the Stalling Tactic

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A government that made decisions efficiently also meant that when problems arose, the clashes became even fiercer. All sides launched an intense dispute over how to escape the fiscal crisis.

The Treasury Department's current solutions were:

"Government Bankruptcy!"

"Issuing Paper Currency!"

"Tax Increase!"

The three highly controversial proposals placed together instantly became the focus of attention across all sectors. Even the previously proposed expansion of the Kingdom's directly administered territories was overshadowed.

The loudmouth faction had already cursed every official in the Treasury Department from top to bottom, dismissing their proposed solutions as utterly worthless.

But that had no meaning whatsoever. Keyboard warriors had no say in the Kingdom government. As a pragmatic government, if one wished to oppose something, one had to present a better solution.

Without a better option, they could only choose one of the three. Even knowing full well that every proposal was full of pitfalls, they could only grit their teeth and jump in.

Taking planned action was still better than allowing the Kingdom government to be dragged into bankruptcy. At the very least, with voluntary bankruptcy, they could settle the accounts in advance and transfer assets under the government's name, avoiding an actual bankruptcy liquidation.

The Moxi Duchy was an example. With a fake loan, it had mortgaged off all its directly administered lands, real estate, and plots. By the time bankruptcy liquidation came around, not a single copper coin remained on the government's books.

The Alpha Kingdom's situation was much the same. Although its fiscal deficit was severe, the government still possessed quite a few assets.

The directly administered major cities, mines scattered across the land, and several officially monopolized industries were all worth a considerable sum when added together.

If they truly packaged them all up and sold them, even if it

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