Creation of an Idea
James Loyderas was the major pioneer and one of the players who pushed for its creation. His idea was to have the council regulate the JvS economy. James Loyderas was one of the major pioneers breaking the ground with an economic system theory that broke the silence over business. Though, his theory was never agreed on nor was it implemented. His resolve and spirit brought about the creation of the Galactic Economic Council.
The Galactic Economic Council or GEC is chaired by a player who has two votes. One is an ordinary vote and the other an emergency vote required to pass controversial ideas and move onto other issues.
Would be the main body of the Galactic Economic Council and would decide and purpose new ideas of regulatory measures to prevent the gming of credits in the JvS economy.