The Penny Princess.

The fictional European microstate of Lampidorra has "no taxes, no quotas, no tariffs, no forms to fill in" Its two thousand residents make their money from smuggling to and from its neighbors: France, Italy, and Switzerland. However, the country falls on hard times and becomes bankrupt. The small state seeks the financial support of the United States in the guise of a rich American who buys the whole country for $100,000.