The Most Serene Republic of Piehu is a titanic, environmentally stunning nation, ruled by Jacobin Bonaparte with an even hand, and notable for its pith helmet sales, irreverence towards religion, and devotion to social welfare. The hard-nosed population of 11.301 billion Piehuans are fiercely patriotic and enjoy great social equality; they tend to view other, more capitalist countries as somewhat immoral and corrupt.

The medium-sized, corrupt, socially-minded government juggles the competing demands of Education, Administration, and Defense. It meets to discuss matters of state in the capital city of Nihil City. The income tax rate is 100%.

The frighteningly efficient Piehuan economy, worth a remarkable 8,500 trillion Piehuan Dollars a year, is driven entirely by a combination of government and state-owned industry, with private enterprise illegal. However, for those in the know, there is an enormous, deeply entrenched, broadly diversified black market in Information Technology, Arms Manufacturing, Tourism, and Beef-Based Agriculture. The private sector mostly consists of enterprising ten-year-olds selling lemonade on the sidewalk, but the government is looking at stamping this out. Average income is a breathtaking 752,178 Piehuan Dollars, and distributed extremely evenly, with practically no difference between the richest and poorest citizens.

Skateparks can be found in every city, the army lives rent-free in foreigners' heads and houses, children are raised bilingual from an early age, and the sound of office water cooler chatter has been replaced by the whirring of computer cooling fans. Crime, especially youth-related, is totally unknown. Piehu's national animal is the Piehuan Peacock, which is also the nation's favorite main course.

Piehu is ranked 305,786^th in the world and 211^th in The Kodiak Republic for Lowest Overall Tax Burden, scoring -1179.2 on the Hayek Index.