The Federation of Islandian Free States is a gargantuan, genial nation, ruled by Representative of the People with a fair hand, and notable for its museums and concert halls, complete lack of prisons, and devotion to social welfare. The compassionate, democratic population of 17.459 billion Islandians enjoy extensive civil rights and enjoy a level of social equality free from the usual accompanying government corruption.

The medium-sized, liberal, socially-minded government juggles the competing demands of Education, Healthcare, and Environment. It meets to discuss matters of state in the capital city of Nasai. The average income tax rate is 89.9%, and even higher for the wealthy.

The frighteningly efficient Islandian economy, worth a remarkable 3,223 trillion Islandian Shekels a year, is quite specialized and led by the Tourism industry, with major contributions from Information Technology and Book Publishing. State-owned companies are common. Average income is an impressive 184,647 Islandian Shekels, and distributed extremely evenly, with practically no difference between the richest and poorest citizens.

Rare art has become a significant factor in negotiating all foreign trade agreements, constipated disaster survivors are rapidly learning that MRE is short for "Meal Requiring Enemas", fraternities are notorious for drunken hooliganism, and sex-ed is child's play. Crime is totally unknown, thanks to a capable police force and progressive social policies in education and welfare. Islandian Free States's national animal is the Dolphin, which frolics freely in the nation's sparkling oceans.

Islandian Free States is ranked 290,633^rd in the world and 5,211^th in The East Pacific for Largest Insurance Industry, scoring -18.55 on the Risk Expulsion Effectiveness Rating.