Wanli Xinming

Chapter 350 Finance
Zhu Yijun listened to the speeches of Liang Menglong and others, and felt quite satisfied with the ministers in the current political affairs hall.Wang Guoguang, Zhang Juzheng and other seniors in the political affairs hall have been in contact with Zhu Yijun for a long time, and they have a relatively deep grasp of the economic principles that they often expound, such as the nature of money, market regulation, productivity, investment, fiscal and tax regulation and other knowledge. It is not surprising that Wang Guoguang can keenly discover the problems existing in Linqing, Hangzhou and other cities and propose solutions.

However, Liang Menglong and Luo Wanhua were able to come up with original ideas shortly after they entered the political affairs hall. One was that their vision had arrived, and the other was that their abilities were really strong—at least stronger than Zhang Siwei.Although the chief assistant of the cabinet is obedient and easy to use, but the mind, pattern, and ability are not 01:30 worse than Zhang Juzheng, and Zhu Yijun is also very helpless about this.

Seeing that everyone was talking about the same, Zhu Yijun concluded: "The so-called one that knows autumn with just one leaf is also called. Previously, my energy was limited, and I focused more on checking things, but I had no time to take care of it. Today, the world is full of , There are not many people who have studied this Dao deeply."

This is too narcissistic. Although Zhu Yijun has been shocked by the courtiers because he wrote the "Three Treatises", although philosophical thoughts are related to governing a country, the liberal arts tyrants here are not general, and they are all immersed in it. The way to govern a country lasts for years.

At this time, the officials of the Wenhua Palace had at least done their research on Guanzi and Food and Merchandise Chronicles.As for Sang Hongyang's "Equalization" and "Equal Loss", Xunzi's "Fuguo", Li Gou's "Fuguo Strategies" and other economic works, most of them are also involved, and they also have a more pragmatic thought on the so-called "discrimination of righteousness and interests" ——If you can’t figure it out clearly, it’s impossible to go to a high position in the imperial court.

In the face of the emperor's self-bragging, even if the courtiers don't flatter the stench, at least silence can be achieved.Only Wang Guoguang had a deep understanding of Zhu Yijun. The clan reforms left a deep impression on him, and he felt from the bottom of his heart that the emperor was not bragging.

Zhu Yijun continued: "Now the Hanlin of the Hanlin Academy has really become a 'ci minister'! If there are many talents in the imperial court, if anyone has an elucidation on the economy, just like Li Kui who wrote the "Ping Bian Law", the special purpose is Why not order him a Hanlin? Well, the guidance of the imperial court is very important. Mr. Feng Pan, the Political Affairs Office will issue a charter for this matter, so it should be done well."

Zhang Siwei saw that the emperor talked about this topic for a long time and did not return to the private bank. Instead, he talked about the incompetence of the Hanlin Academy. He said in his heart that you don't like Hanlin. The world knows that we are not opposed to recruiting talents. Why bother stepping on them again.I thought so in my heart, but I bowed to my purpose.

Shen Shixing, who had not spoken all the time, bowed slightly in his seat and said, "Your Majesty, the Imperial Academy selections are all outstanding in one discipline. Since Tang Xuanzong established this position, the Imperial Academy has been the place for the imperial court to reserve talents for 800 years. , All the elites in the world are proud of Dian Hanlin, and regard it as the most noble, because of the Qingliu Huaxuan."

"His Majesty has certainly disliked some of the Hanlin's writing poetry and prose in these years, working on rhetoric, and even some unrealistic political style, but the Hanlin Academy has also done some practical things in the production of official letters, compilation of national history, and lectures at banquets. If the special purpose is to select the civil servants who have not received the imperial examination - the ministers fear that the sages of later generations will be selected by this method, which will mess up the method of the country's selection of talents."

Zhu Yijun listened and paid attention to Shen Shixing.Seeing that his face was serious and frank, he pursed his lips and smiled and said, "Mr. Yaoquan's words are not unreasonable. Let's discuss this matter again." Get used to it.

Zhu Yijun pondered for a while, then took the initiative to change the subject and said, "As for the matter discussed today. I also thought about it for a few days, and felt that it would be better to do both."

"One, the bank of the imperial court has to operate in reverse, and there is no need to exempt those who deposit gold and silver from fire consumption - this method has to go further, and pay interest on depositing silver to those who deposit dragon yuan and silver notes. The deposit and loan business, deposit and bank interest payment and loan interest shall not exceed the scope given by the imperial bank, and those who violate the law shall be prosecuted; three, anyone who wants to do this business must obtain a license and pay reserves to the imperial bank. , to prevent industrial turmoil in a certain place after it is run and bankrupt. This is a big article, Mr. Shuan must do it well - be careful, it is best for the court to do a few pilots first."

When all the ministers heard this, it was as if they were empowered by Daigo, and Wang Guoguang was especially excited: "Wonderful! Wonderful! Wonderful! The minister obeys the order!" Like a cat in heat, all the ministers in the room looked sideways.

This method is not only good in giving interest, but when the imperial bank wants to carry out loan business, it is also reasonable to introduce preferential policies to absorb private gold and silver. This is just a layer of window paper, and no one has pierced it before.

What excites Wang Guoguang is that the emperor reversed Liang Menglong's suggestion - the gold and silver are put into the bank, and the consumption is correct. Only the silver notes issued by Long Yuan and the imperial court can earn interest!This provision will directly have the following consequences:

First of all, according to the emperor's method, if the massive amount of gold and silver stored by the people is not exchanged into dragon yuan and silver notes, there is no way to earn interest.As a result, holders of gold and silver must first exchange their own gold and silver for dragon dollars and silver notes.Because only the imperial bank can do this exchange business, this gold and silver will inevitably be absorbed into the imperial bank in large quantities.And the court didn't actually issue a lot of money - should this money be put on the court account for interest?

Secondly, if the fire consumption is correct, it will continue to keep the massive amount of scattered gold and silver in circulation in the hands of the common people-for ordinary people who cannot save a lot of money, even if they want to save money for interest, fire consumption money This impulse will be blocked, thereby reducing the pressure on the court to mint coins.

Again, this will give birth to a new industry among the people.There will be large capital holders, who will use the price lower than the bank to charge the money, and use the dragon yuan and silver bills to exchange for loose gold and silver in the private sector, and then store it in the imperial bank for profit.Because these people can hold funds for a long time, they can earn interest to offset the loss of scattered gold and silver.

That is to say, if the money and cost of the imperial bank’s collection of firearms are equal to the cost, people who are engaged in the business of exchanging Longyuan banknotes for gold and silver will inevitably incur costs in order to successfully exchange them. This part of the cost is equivalent to sharing the cost given by the imperial bank. part of the interest.And these big funds deposit the gold and silver received in the bank for profit, and once again pay the cost of fire consumption - the imperial bank made two profits on fire consumption, a win-win situation.

As long as the large capital holders have enough time, the one-time burning cost will be earned back sooner or later, and it will also be earned - or a win-win situation.

Wang Guoguang was first in admiration, and then he made inferences from one case, thinking of the drawbacks of the emperor's method:

In the past, some private banks used scattered gold and silver to build a system of purchasing, storing and lending by themselves. These gold and silver have nothing to do with the dragon yuan and small silver notes issued by the imperial court.However, the cost of doing so will inevitably be very high, because at this time, the fineness of the scattered gold and silver circulating in the world is different, and it is difficult to calculate the price. If the bank wants to expand its business, it has to melt the scattered silver into standard silver ingots and other easy-to-value wealth. Under the circumstance that the imperial bank only charges the cost and consumes money, and limits the interest of deposits and loans, this mode of operation is destined to make small troubles.

The second is that there may be private banks to hold deposits at high interest rates and lend at high interest rates-because this is the only shortcoming in the emperor's policy that needs to be enforced.And law enforcement has its limitations. Wang Guoguang is very clear about this. Although it can be restrained by severe punishments, as long as the profits are high enough, it is still difficult to eliminate it.

In the end, the disadvantage that Wang Guoguang can think of is that the bank is likely to be unable to make ends meet.After all, if the deposit pays interest, it must be loaned to earn back the interest and the bank's operating costs, and good projects are hard to find - most of the businessmen in Daming today, their operating funds are either their own bank deposits or loans to Relatives and friends, and afraid of debt management.If the loan amount is not enough, the court is likely to continue to lose blood.

Wang Guoguang said something and shared his concerns.Zhu Yijun heard this, with a big smile on his face, and said to Wang Guoguang: "Shu'an is very skilled, but you can't be proud of yourself. I suggest you go to Beijing Normal University and Normal University to serve as a visiting professor - give these college students a good talk about economics. "

"As for what you are worried about. Well, you can be a student with me first. After the Political Affairs Hall returns, I will instruct the Ministry of Personnel to recommend a group of good seedlings. I will hold a financial and economic training class in this Wenhua Hall. As for what finance is, I'll talk about it later in class."

(End of this chapter)