Great Tang princess

The concept of finance may be too advanced for people of this era, but in any case, if someone can come up with a general framework, it should be able to play a very important role in the country's future economy.

The next day, which was not the day of going to court, the emperor seemed to be in a good mood and asked the children to come into the palace to have a cup of tea with her.

Li Yuechen came to the palace on horseback after receiving the news, and had just entered Jixian Hall,
As soon as he entered the hall, Li Xian couldn't help but stood up and said, "Oh, Yuechen is here."

Seeing his brother's attitude, Li Yuechen couldn't help laughing.

It seems that asking them to enter the palace today is probably not what my mother meant, but my brother was taught a lesson again, so I came up with this method to share some of the firepower for myself.

Sure enough, the mother sitting at the table next to him still looked angry.

Li Yuechen approached with a smile: "Aniang, what happened again? Why this expression?"

"Why don't you ask him what good things he plans to do?" Wu Zetian raised his head and pointed to Li Xian next to him with his chin.

"Oh, boy, didn't you just propose a policy." Li Xian seemed a little aggrieved, turned his head and said, "Yuechen, you said, brother just saw that the banknotes were so popular, so he wanted to print more and completely replace them." Copper coins, this is also for the court, isn’t it?”

Hearing this question, Li Yuechen looked pleasantly surprised: "Not to mention, I really talked about similar questions with sister and others last night."

Wu Zetian raised his head: "What? Chen'er thinks this method is feasible?"

Seeing her expression, Li Xian immediately felt even more aggrieved: "How can A Niang be so eccentric! The same policy, why would I be scolded if I propose it, and Yuechen thinks it is feasible if he proposes it?"

"You? You just want to replace copper coins with paper money, but how do you do it? Do you have an explanation?" Wu Zetian asked back.

This actually stopped Li Xian from asking, and he didn't know what to say for a while.

In fact, he directly proposed this method on the spur of the moment, but he didn't think about the specific operation process at all, and he didn't know how to implement it.

Seeing his appearance, Wu Zetian planned to teach him a few more words, but was stopped by Li Yuechen.

"Okay, Niang, although it is said that my brother lacks consideration, it is very good to be able to come up with at least one idea."

Hearing her daughter's advice, Wu Zetian also shut up, and did not continue to teach.

Then Li Yuechen continued: "Since the brothers and sisters are all here today, why not take this opportunity to talk about this question. Speaking of which, I don't know if my sister has figured out the answer to the question last night."

"What kind of question?" Li Xian looked curious.

"Brother must not be able to figure it out, so ask more." Li Yuechen joked.

Li Xian's face suddenly fell, feeling that the world seemed to be full of malice towards him.

After a while, Li Xian, Li Dan and two older sisters all came over one after another, and saluted their mother after entering the hall.

Wu Zetian waved his hand: "Since we're here today, why don't we have a good chat and see if this banknote can completely replace copper coins."

Although, as the emperor, she also thought that Li Xian's idea was too whimsical, but if it could be done, it would be a good thing for the court.

Shangguan Wan'er poured everyone a cup of tea, and sat next to them to record what they talked about.

Generally speaking, when the children are all around, the emperor will disperse other people around. At this time, Shangguan Wan'er will also take up the job of the living man.

It's just that it's not known how much authenticity is left when it is finally brought to Qi Julang.

Li Yuechen asked: "Speaking of which, brother, why did you think of replacing copper coins with paper money?"

When asked this question, Li Xian looked a little embarrassed.

In fact, this was something I accidentally thought of when chatting with Wei Lian'er last night, so I replied: "I don't have many copper mines in Dazhou, so I use money and silk, but if paper money can be used instead of copper coins, not only can I Use these coppers to do other things. At the same time, if the court is short of money, it can continue to print... In this way, the court will never be short of money."

"Well, the idea seems good!" Li Yuechen nodded slightly, and then asked: "Then why doesn't Aunt agree?"

Wu Zetian fiddled with the tea leaves with a bowl lid, and said slowly: "Although my mother doesn't understand finances, she also knows that rare things are valuable. If there is too much money, won't it become worthless?"

"Auntie is so smart!"

Li Yuechen praised, and then said to Li Xian: "Brother, did you hear that? Too much money will become worthless. Taking the current banknotes as an example, goods that can be bought for one hundred yuan will become two hundred yuan." Yuan, three hundred yuan, or even more... This phenomenon is called inflation, that is to say, money itself will depreciate!"

Li Xian raised his head: "Doesn't that mean that even if paper money is used to completely replace copper money, it can't be printed without limit?"

"That's right!"

Now it's Li Dan's turn to ask questions: "But... why is this?"

"This answer may involve philosophical issues," Li Yuechen thought for a while, "because this world is doomed that most of the wealth can only be in the hands of a few people. If everyone becomes equally rich, the existence of money itself will change." It's meaningless."

"This is also..."

Li Xian, who was sitting on the side, nodded slightly: "Just like today, because of the existence of farms, chicken and duck meat are much cheaper than before."

Having said that, everyone here understands that too much money is not necessarily a good thing.

"Another question is, if paper money is to be used to completely replace copper coins, how to ensure its value?" Li Yuechen raised a new question, "Gold, silver and copper are natural currencies and have their own value. In fact, if it is placed in the whole world, copper may not count, only gold and silver can be regarded as natural currency. But paper money is just a piece of paper after all, how to guarantee its value? "

Princess Xuancheng laughed: "If I hadn't been talking about this last night, this question would be really troublesome."

"Oh? Sister, tell me." Li Xian's face was full of curiosity.

Although he didn't like studying very much since he was a child, most of this has something to do with the teacher's way of teaching.

Now he seems to be very interested in economics. Although he himself is quite average in mathematics, in Li Yuechen's opinion, he is only at the level of a primary school student, or before the third grade.

Princess Xuancheng repeated what Li Yuechen said last night, and then said: "Therefore, the value of the paper money now comes from Princess Taiping!"

Hearing this sentence, everyone else in the room had a thoughtful expression.

Li Yuechen picked up the teacup: "Now, I will ask my sister the question again last night. After a hundred years, I will no longer be alive, and without Princess Taiping, how can the value of banknotes be guaranteed?"

"What's so difficult about this?" Li Xian said, "When the time comes, Yuechen's shop will always be inherited by someone, so wouldn't the heir become its value?"

"It doesn't work!"

This question was immediately denied by Li Xian: "Yuechen is a rare person who is rare in a thousand years, and the successor chosen in the future may not have such a great reputation as her!"

"That's true. Chen'er is a special case and cannot be judged according to common sense." Wu Zetian also nodded in agreement.

Li Yuechen turned his head and asked: "Then, sister, did you get the answer?"

Princess Xuancheng nodded: "To guarantee its value, there needs to be matching items. What I can think of is gold or silver."

"Clap clap clap..."

After hearing the answer, Li Yuechen immediately started to applaud: "It's amazing! I knew my sister would definitely come up with it!"

Such an answer made everyone present suddenly realize.

Only Li Xian said he didn't understand: "Then how to do it? Make the banknotes directly exchangeable for gold or silver?"

Although he was the one who asked the question, most of the people here have the same question, including the emperor Wu Zetian.

But it is impossible for her to ask this kind of question in person. If this is not the case, wouldn't it appear that she, the emperor, has a low IQ?

As an unparalleled female empress, it is absolutely impossible for her to ask such a question in person.

In fact, even if she asked, Li Yuechen would not laugh at her.

Still the same sentence, there are specializations in the art industry, and there are some things that people who are not professionals just cannot do.

Parkour athletes can jump from the third floor to ensure that they are not injured, while ordinary people may fall paralyzed or even die on the spot.

My mother is a strategist, and her understanding and grasp of the human heart and human nature are far beyond ordinary people, but in this regard, it is not the same as asking three questions.

"My brother may have misunderstood it. The so-called matching here means value anchoring, but it does not mean that they can be exchanged with each other." Li Yuechen replied.

Hearing such an answer, Li Xian tilted his head, raised his eyebrows, and asked with staring eyes: "Since it can't be exchanged, how should we match it?"

Although he also knew that he was not a smart person, he felt that even a smart person would find it difficult to figure out the reason for this question.

"That's right, it's better to turn on the exchange?" Even Li Dan started to talk with his brother this time.

"Then let me ask my brother, three-year-old children know that gold and silver are worth more than paper. If the exchange is allowed, then the common people will exchange paper money with the country for gold and silver. What's the point of issuing this paper money?" Li Yuechen asked road.

"This……"

This question made Li Dan react immediately, it seems that this is indeed the truth.

Li Yuechen continued: "Or to change the question, if the exchange is allowed, brother will definitely exchange it as soon as possible? Why is that?"

"Because..." Li Dan thought carefully, "Because gold and silver can be stored for a long time and used at any time, but banknotes..."

Having said that, it seems a little unclear how to explain it.

Li Yuechen finished the rest of the sentence for him: "But if paper money is not in circulation, it is meaningless waste paper to hide at home, right?"

"How can Yuechen say that? The banknotes have Aniang's photo printed on them." Li Xian taught dissatisfied.

"Isn't it enough to have one? What's the use of that many?" Li Yuechen asked back, "In short, that's probably what it means. Banknotes must be in circulation to be valuable, otherwise they are waste paper! Use them to practice calligraphy It’s all too sloppy!”

Wu Zetian was too lazy to listen to them entangled in this meaningless question, and immediately asked: "Then Chen'er said, what should I do?"

Li Yuechen replied: "Simply put, gold and silver are not suitable to appear as 'currency', so paper money can be used to buy gold and silver, but gold and silver cannot be used to buy paper money!"

Hearing this, Li Xian couldn't help raising his hand to scratch his itchy scalp, feeling that his brain was starting to overheat.

After picking up the teacup and taking a sip, he continued: "If someone wants to buy gold and silver for storage or to make jewelry...these are all fine, the state can allow private transactions of gold and silver among the people. The price of gold and silver is also determined by the court with reference to the market price To formulate standards. But! The country cannot provide an official exchange agency, allowing ordinary people to exchange paper money for gold and silver anytime, anywhere!"

Having said this, both Wu Zetian and Princess Xuancheng nodded to show that they understood.

Although it was a bit of a detour, Princess Xuancheng is very talented in mathematics and has strong logic, which is understandable.

But Wu Zetian simply played too many tricks, and with Li Yuechen's explanation, he could understand it clearly.

However, Princess Xuanchen immediately raised another question: "But what if the price of gold and silver fluctuates violently? As Chen'er said just now, gold, silver and banknotes need to be anchored in value, so once the price of gold and silver fluctuates violently, Wouldn't it make the banknotes also fluctuate greatly?"

This is the magic of Chinese!

Although Princess Xuancheng had never heard of the word "anchor" before, she could understand its general meaning from the literal.

Li Yuechen smiled slightly: "My sister thinks, why should I ask the Japanese envoys to pay a large amount of gold and silver, and also use gold and silver ore to pay for products from our country?"

Princess Yiyang, who was sitting next to her, replied: "Speaking of which, Chen'er said that there are a lot of gold and silver mines in Japan, right? Could it be that you want to use this to increase my gold and silver reserves in Dazhou?"

"Yes, this is why it is not suitable to completely replace copper coins with paper money at this time. At the same time, future gold and silver mining and import and export will need to be supervised and controlled by the imperial court to prevent domestic Gold and silver prices fluctuated wildly."

At this time, Li Dan raised his own question again: "But it is foreign after all, why can't we take it down first, and then take it for ourselves?"

Regarding this, Li Yuechen just shook his head slightly: "This method is unrealistic!"

Wu Zetian said: "Don't you know that Shiro didn't know? The army was raised without reason, and it was not the work of the upper kingdom!"

"Aniang, it's all money!" Li Dan reminded, "If it's really what Yuechen said, why do you care about it? It's the crime of being pregnant."

Li Yuechen always felt that Li Dan should be dubbed at this time: "It's about making money, it's not shabby."

But having said that, the royal family is the royal family after all. Even Li Dan, who looks very friendly on weekdays, still subconsciously talks about war when he wants to fight, and doesn't think about other things at all.

Wu Zetian wanted to say something, but was interrupted by Li Yuechen: "Brother, this method is not worth the gain, it's not worth it!"

"Why?" Li Dan asked somewhat unclearly, "With so much gold and silver, isn't it too tempting?"