Prime Minister

Chapter 880 The Minister Has Three Strategies
The prime ministers of the two governments figured out that Zhang Yue, Lu Huiqing, and Zeng Bu had different opinions.

Zhang Yue objected to Zeng Bu's private casting, and was in favor of Lu Huiqing's official casting.

At the same time, he opposed Lu Huiqing's discount of [-] percent, [-] percent, and [-] percent, and the use of Chu coins (paper money) as official money.Zhang Yue also gave an example, that is, the price of currency is set by the people rather than the government.

It's not that you can have everything you want, but that everyone is good at it, and I can only see thousands of miles.

Lu Huiqing was dissatisfied when he heard the words, and he expressed it in words: "Your Majesty, since the imperial court has been in charge of Jiaozi, Jiaozi has used three years as a boundary, and each circle issued 120 guan. Wanguan, issued by the law of the old and the new."

"After the Qingli War, the number far exceeded 120. During the Xining period, Wang Shao asked to set up Yizhou Jiaozi in Xihe, so as to attract Qingtang Qiang and Dangxiang people to buy horses, but the effect was very small. micro."

"The Xihe people would rather use the salt banknotes than hand them over, let alone the common people in Shaanxi. Now the value of the regular exchange is only a hundred or so among the folks. There is no other way but to print the salt banknotes."

Guanjiaozi is basically over.

Since the transition from Minjiaozi to Guanjiaozi, it was relatively restrained at the beginning, printing 120 million Jiaozi every year, and reprinting all of them in three years to prevent counterfeiting.

But after that, the folk forgery continued, and at the same time, the imperial court made indiscriminate distribution, and the reputation of Guanjiaozi was ruined.

In the history of another time and space, Wang Shao felt that Qingtang Qiang and Dangxiang people could be fooled, so he used Jiaozi to trade with them, but in fact they were not fooled.

And this space-time salt banknote replaced Guanjiaozi.

Lu Huiqing said that it will definitely not work if the official Jiaozi spam again, and the only way is to print salt money.

Zeng preached: "This doesn't work either. Today's salt banknotes are based on Jieyan and Zhangyan. Once they are distributed indiscriminately, where will they be based?"

According to Zeng Bu, there are quotas for the production of Jieyan (Shaanxi Road) and Zhangyan (Xihe Road) every year. Once the quota is exceeded, the system of distributing salt will be corrupted.

Zhang Yue said: "Mr. Lu, Mr. Zeng, please listen to me. Jiaozi is right with money, and salt money is right with salt. That's why the people trust..."

At this time, the official interrupted: "Yes, I think that the quotation and salt quotation all need the book at the beginning, and they can be brought after the letter.

As long as the cashier makes the people believe it, it will not be worth it. "

The official means that Jiaozi and Yanchao are trusted by the common people because of the reserve fund system. The reserve fund for Jiaozi is 36 guan iron coins, and the salt banknotes are Jieyan and Zhangyan.

But as long as the common people trust the imperial court, the reserve is not too important.

Lu Huiqing and Zeng Bu saw that the officials were clearly supporting Zhang Yue, and they were blatantly standing on the platform.

Zhang Yue reciprocated and said: "Your Majesty's words are true, as long as you have the capital, you will dare to buy money, but if you don't have money, who will buy money?"

"It's good that a person has money, so everyone is willing to lend you money. If a person has no money, no one dares to lend you money. I saw it in the Beijing Zhongjiaoyin shop, and every family put it in the shop. This is what it means to have a mountain of gold and a mountain of money.”

"The old minister has three strategies to offer to His Majesty, which can solve the money shortage situation among the people and regain the trust of the court!"

Three strategies?

The ministers of the two governments all looked at Zhang Yue, this son's tone is not small.But it seems that we still have to save Jiaoyin.

The officials were overjoyed, and confidently said to Zhang Yue: "Zhang Qing, tell me!"

Zhang Yue said: "The first strategy of the minister is to rebuild the letter of currency. Now it is not worth two hundred coins to quote each other. The reason is that the letter of currency is shaken. In recent years, the affairs of Jiaozi have been promiscuously quoted, making it difficult for several days. As the price increases, the price will also decrease day by day, and the more the price, the cheaper it will be. In the end, it will be depreciated (depreciated), and if you want to restore the price (stabilize the price), you should focus on rebuilding the currency credit.”

The officials couldn't help thinking that Jiaozi had almost no credibility among the people, so what else could be done to rebuild the trustworthiness?
Zhang Yue thought to himself, often hearing people comment that banknotes could not appear in feudal society, but in fact this is wrong, the answer is absolutely possible.

why?
Because although Jiaozi in the Northern Song Dynasty failed, Huizi in the Southern Song Dynasty succeeded.

Huizi was promoted from Song Gaozong to Jia Sidao as prime minister.

The money shortage in the Southern Song Dynasty was more serious than that in the Northern Song Dynasty. The amount of coins minted by the Southern Song Dynasty was only one-twentieth of that in the Northern Song Dynasty, but the economy of the Southern Song Dynasty was more developed than that of the Northern Song Dynasty. Therefore, Huizi saved the economy of the Northern Song Dynasty and completely eliminated money. shortage.

What is the circulation of the club?
Taking Duanping’s entry into Luo as an example, Shaoding issued a total of 350 million huizi in five years. In the first year of Duanping, the Southern Song Dynasty launched a war to recover the three capitals, and the number of huizi printed in one year reached 2000 million. Wan Guan, of course, this spam has caused severe inflation.

It can only be measured by the circulation of 3000 million guan in the five years of Shaoding, which is completely different from the current 200 million guan salt banknotes and more than 100 million guan in Xining years.

Therefore, before the first year of Duanping, it was shown that the meeting was very successful.

Some people say that paper money was a first-class precocious system for the Song Dynasty, but in fact it was not precocious at all. The most important thing is that the issuer can control it. If it can't control it, even the dollar will collapse.

Money shortage (deflation) is more terrible than inflation. When business development does not match the currency, it will severely restrict the economy.

The money shortage that lasted from the middle of the Tang Dynasty to the end of the Northern Song Dynasty was not resolved until the emergence of Huizi, and it was not until the end of the Southern Song Dynasty that the ills were caused by the excessive inflation of Huizi.

Zhang Yuedao: "In order to rebuild the trust of coins, I suggest that we should implement the method of return. First, allow the people to return the money with taxes, so as to relieve congestion. After the introduction, mint coins on demand to prevent small fights in and big fights out."

The success of huizi is very important. Huizi is not only used as a discount for officials' salaries, but also can be used by ordinary people when they pay taxes. The proportion can reach [-]%.

But cross reference means that it can only be given to the common people by the official, and when the common people return it to the official, they will not recognize it.

All the prime ministers listened to Zhang Yue and returned to the basket. The method of intercourse is a three-pronged approach.

The so-called expert will know if there is something as soon as he makes a move, whether this method is feasible, can't the veterans in the political arena here hear it?Even Lu Huiqing didn't object in class, but for some reason her chest kept rising and falling.

The officials almost applauded after hearing this, and rebuilt the currency letter, which is so right, a letter is worth thousands of dollars.

"The second strategy is to impose severe punishments. Those who dare to forge intercourse must be severely punished. The imperial court should make clear to the world that those who dare to forge intercourse will be exiled from the army or executed if they dare to forge. Those who commit this crime will never be tolerated, and will be punished without mercy.”

What Chu coins are most afraid of is counterfeiting. There are many counterfeiters of official coins, and most of them are rich and powerful, because the folks do not have such superb counterfeiting technology.Therefore, although there is a system of retrieving and interfering once every three years and destroying and remaking all of them, it still cannot be eliminated.

"Thirdly, the method of making and referencing is strict, and the way of management is strict. I think that Jiaozi can be set up in Huizhou, and the paper made from the mulberry tree here is better than Sichuan paper..."

In the temple, Zhang Yue narrated these three strategies. From Yao Chong and Song Jing in Tang Dynasty, to Lu Huiqing and Cai Jing, this is an endless detour, no matter how many prime ministers, but with the introduction of the three strategies , seems to have opened a new path

(End of this chapter)