Chongzhen: I am the king of prosperous times

Chapter 453 Weight
"I have some doubts about the bond concept that His Majesty mentioned."

Guan Shaoning followed behind Emperor Chongzhen, hesitating for a long time, but decided to speak out what was in his heart, leaned forward and said: "I feel that if these doubts cannot be properly resolved, I am afraid that the sale of bonds to the outside world will not help the court solve the problem. On the contrary, it may also endanger the stability of the country."

"is it?"

Emperor Chongzhen stopped in his tracks, looked at Guan Shaoning, and said with a smile, "Then Guan Qing, let's talk about it one by one, and I will consider it one by one."

The purpose of summoning Guan Shaoning this time was to issue bonds, and Guan Shaoning said such things without thinking about the matter, which made Emperor Chongzhen a little curious.

"One, the problem of excessive distribution and indiscriminate sales."

Guan Shaoning thought for a while, bowed and said: "Although selling bonds can indeed help the imperial court and raise a large sum of money from the people.

But whether this matter will be called the local government, some officials will take effect after knowing it, and implement this move in the jurisdiction. If so, it may become another form of exorbitant taxes, and even more harmful than it.

After all, to sell bonds, you need anchors.

If you want the folk groups to buy it, the anchor must be strong, so it can only be determined by land. "

"I have thought about this question."

Emperor Chongzhen smiled, pulled Guan Shaoning up, and said as he walked: "It's exactly what Guan Qing said, I'm going to your National Tax Office for the sale of bonds.

One is to put an end to the local government and know that the imperial court is selling bonds. Some officials put their minds on it. After all, once this trend is advocated, it will become a tool to rob the people.

Second, use the right to sell bonds to strengthen the background and status of the National Taxation Office. As long as this can be done well, it will lay some foundations for the gradual expansion of the National Taxation Office in the future.

Third, with the power of bonds, the National Taxation Office will increase the power of inspection in the future. In addition to inspecting government offices and various tax items set up in various places, it will also include the important task of bonds. "

"What about private printing?"

Guan Shaoning continued: "At the beginning when the Guochao published the Daming Banknotes, the original intention was to solve the money shortage and relieve financial pressure, but as the number of Daming Banknotes increased, some lawless people put bad intentions on this. "

Don't underestimate the wisdom of the ancients. Those that appear in modern times can actually be found in ancient times, and they are even better than modern times.

"For Guan Qing's doubts, I have thought of several ways to cooperate with each other to avoid such situations from happening."

Emperor Chongzhen stretched out his hand: "For the Armed Forces Institute, we have developed a special paper for printing bond manuscripts, and added light and dark anti-counterfeiting, which can effectively prevent it.

The custom-made bonds are transferred to your National Tax Office. They must be registered in advance to clarify the share.

When the sale is made, it is registered again, and it is stated that the purchased bonds must be paid by the person, the promissory note, at maturity, unless the person dies, and the immediate family member can hold it on behalf of the person. "

In the idea of ​​issuing bonds, there is one consideration that Emperor Chongzhen felt must be done, which is to lay a corresponding foundation for the promotion of banknotes.

Maybe 50 years.

Maybe 100 years.

No matter how long this process takes, the degree of acceptance in the early stage must be planned in advance, otherwise it may be very difficult to implement this matter in the future.

In Emperor Chongzhen's mind, it would be great if his generation can implement the gold standard and clarify the new currency system. After all, the construction of the financial system is not as simple as thought.

"I still have doubts."

Guan Shaoning thought for a while, and continued: "If the imperial government sells bonds, in order to be accepted by the people, there must be a sufficiently attractive interest rate.

Otherwise, even if there is an anchor, if there is no return value, I am afraid that the response from the people will not be too strong, and even because of this incident, it will affect the prestige of the Ming Dynasty. "

Emperor Chongzhen was not displeased with Guan Shaoning's successive clarifications of questions, on the contrary, he was very pleased. At least a more serious attitude could ensure that the development of the National Taxation Office, and even the issue of bonds, could move forward in a good direction.

"Then raise some interest rates appropriately, so that the non-governmental groups can see the dividends."

Emperor Chongzhen smiled and said: "Guan Qing, in fact, the issue of bonds is not just for one tranche to alleviate the financial crisis of the imperial court, it is over.

I subdivide the categories of bonds into various forms such as war, construction, and treasury, in order to form regular issuances and create a stable source of income.

Use these money raised from the people to govern Daming and quell the rebellion, so that Daming's internal and external troubles can be gradually resolved.

Of course, this higher interest rate can only clarify the first three issues of bonds, and the subsequent issuance of bonds must be gradually reduced to fall back to a reasonable range. "

"Your Majesty, this is exactly what I am most worried about!"

Guan Shaoning stopped in his tracks, bowed solemnly and said, "Have you ever thought about it, if it's a one-phase, one-phase sale, it's good that the treasury has enough silver deposits.

However, if the imperial court encounters any unexpected situation and cannot pay when it is due, or the annual tax collection of the imperial court cannot be reconciled, the damage will not only be the prestige of the Ming Dynasty, but even if it is serious, the country and society of the Ming Dynasty will be destroyed. ..."

Speaking of this, Guan Shaoning couldn't continue. At this moment, he was very nervous and apprehensive. After all, if what he said angered the emperor, it would not be as simple as being dismissed.

Thinking of this, Guan Shaoning even bowed down to the emperor.

"Haha, Guan Qing, I know that this is what you are most worried about."

Seeing Guan Shaoning's side, Emperor Chongzhen shook his head with a smile, then bent down to pull Guan Shaoning up, and said, "So on the side of the National Taxation Office, we need to add a government office for risk assessment.

How to issue a corresponding share of bonds within a reasonable range to meet the actual needs of the treasury, and effectively use these special funds for actual local development and quell rebellion.

Even the silver obtained from the bonds sold to the outside world cannot be stored in Taicang together. The National Tax Office must set up a new warehouse to avoid abuse. "

In fact, what Guan Shaoning meant was a fiscal deficit. Once the deficit was beyond the scope of control, it would lead to turmoil. If it was serious, Ming would collapse without building captives or bandits.

But in the face of these situations and problems, the solution that Emperor Chongzhen thought of was to move forward in small steps, groping, summarizing, and moving forward little by little.

After all, if he wanted to revitalize the Ming Dynasty's economy, he had to circulate silver and do it step by step. When his ideas and plans were implemented one by one, the economic order of the internal circulation would become better and better.

The root of improving productivity is everyone's participation. If only Emperor Chongzhen led the inner factory to play by himself, it would undoubtedly be a deformed economy.

"And Guan Qing, you don't need to worry about the taxation of the country, you can't cover all kinds of bonds that are sold."

Emperor Chongzhen thought for a while, and continued: "One-year, two-year, three-year, and five-year periods are to separate this collective maturity.

Specifically, how to determine the above-mentioned quotas is up to your national tax office to discuss in detail. In addition, when the tax reforms such as tariffs and commercial taxes are completed, I believe that the revenue of the treasury will have significant changes. "

(End of this chapter)