When do we switch to Monarcy?

Economically, I don't think we should switch yet. Here is my case(I just walked into our treasury office. Who left the back door open?):

Income: +46. Expenses: -20. Net: +26. Treasury: 776 gold
0% science. 10% luxury.
Spending:
- Science 0
- Entertainment 1
- Corruption 11
- Maintenance 8
- Unit costs 0
Total Units: 39. Unit support allowed: 60.

If I could place my subjective view on our current economic situation, I would state that it is fairly good. We are making a nice profit and our units are free. If we build no more cities, we could even afford 21 more units. This is like getting 60gpt free! Our corruption is 11/46=24%. Not great, but not crippling.

Here is a breakdown of our city outputs (courtesy of Mapstat)

Code:
City		Waste	Prod	Corrup	Commerce
Bavaria		0	10	0	8
Valhalla	1	6	0	4
Morgana		1	5	0	2
Kuhkaff		1	5	0	4
Tlaxcala	2	3	1	3
Dacula		2	2	3	2
Penguin		3	2	1	1
Bremershaven	1	2	0	2
New Falcon's 	1	2	1	1
Strider's Haven	1	2	0	1
The Burrow	1	2	0	1
Eklektochtitlan	0	1	3	3
Octavinium	2	1	2	1
Palanthus	1	1	0	1
Padmativa	1	1	0	1
Total		18	45	11	35

What would Monarchy cost us now?
- An anarchy period of no production or income.
- Military support. We would have only 30 free units instead of 60. This would cost us 9 extra gold at the moment to support with more troops on the way.
- Rush jobs would come out of our coffers, not our people. While I realize the real life impact of this, it does not bear great economical sense.

How could Monarchy help us?
- One shield or gold extra in some towns.
- One extra military police for any city with 3 units in it.
- No tile penalties.

When should we switch? Later, when:
- Our towns become cities so the Monarchy military support is roughly the same as a Despotism. That way, the gains in corruption and income are greater than the losses in military support.
- More infrastructure would be in place to help multiply the economic benefits.
- We are researching. We will need the income gains and tile penalties lifted to maximize our gold.
 
Don't really understand all of that, but like I've been saying.... We declare war right now and we will be hurt economily bad. Sense part of are war plans is a switch to monarchy immediantly. I guess this helps my case.
 
Our forces are also covered by Monarchy so there's not great savings there.

We have completed the Heroic Epic and our defensive forces are effectively complete. Our initial offensive strike force is assembled on Japan's border. Estimated anarchy time is 5-6 turns. With another luxury we can estimate 4-5 turns and we have 2 civs we can trade with to get that luxury. I will be launching a poll today on whether to switch to Monarchy.
 
Right on. Right on.
 
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