Doctor of the Great Song Dynasty: In the beginning, Li Qingzhao and Li Qingzhao made a private decis

Chapter 185

"Young seedling method!"

In an instant, all the officials in the court couldn't help but froze.

The Green Crop Law is one of the most controversial reforms in Wang Anshi's reforms, and the court and China have mixed opinions on it.

The usury interest in Da Song is very high, fully double the interest, and some even several times the interest.

When Wang Anshi reformed the law, he was keenly aware of the harm of usury. He took the opportunity to implement the Young Crop Law, and the court loaned money to the people who were in urgent need of money.

"Wang Anshi's vision is so vicious, and the Young Crop Law is so similar to the bank loans of later generations! It can be said to be the oldest national finance."

Fan Zheng couldn't help sighing.

Wang Anshi's reform is highly respected by later generations because of his forward-looking vision and insight. However, the finance of this era is too advanced after all, and many problems naturally appeared in the process of implementing the Young Crop Law.

Sure enough, as soon as Zhang Dun finished speaking, everyone in the old party couldn't wait to object.

Lu Dafang frowned and said, "Your ministers are opposed to the Green Crop Law. The Green Crop Law seems to be a good law, but it is actually a law that harms the people. Although the Green Crop Law advertises [-]% interest, in fact the summer and autumn taxes each take [-]% interest, and the actual interest is as high as a quarter. "

Su Zhe also objected: "In order to claim credit, the officials wantonly apportion young crops' money, filling their own pockets. If some people don't pay, they will be punished with sticks. The people are miserable!"

"The law of young crops borrowing by the common people needs to be registered as a guarantee, and if the registered account is not registered, the registered account will be punished, and the people's complaints are overwhelming..."

……………….

All of a sudden, the old party and a group of neutral officials opposed the young crop law.

Zhang Dun suddenly looked embarrassed.

"The annual interest rate of the Qingmiao Law is only four cents, while private loans are generally at least double the interest rate. The Qingmiao Law benefits the country and the people." Zeng Bu retorted with a frown.

Censor Yang Wei retorted: "Although private loans have high interest rates, they are relatively loose. However, although the Young Crop Law has a slightly lower interest rate, it must be repaid with money within a time limit, which is extremely strict."

The income from young crop money is related to the official career of officials. Naturally, officials do not care about the life and death of the people when they collect young crop money. In order to recover the young crop money as much as possible, officials act extremely rudely.

"Borrowing and repaying money is a matter of course. Private lenders and families are ruined everywhere. The imperial court's young crop law has exhausted its benevolence." Cai Bian, the Minister of Rites, also joined the battlefield.

All of a sudden, there was a commotion in the hall, and Qingmiaofa was heavily resisted.

After retiring from the imperial court, Zhao Xu suffered from headaches and circled around the Yuhu Lake in the back garden several times to vent his dissatisfaction. He didn't understand why there was so much resistance to the Young Crop Law, which was clearly beneficial to the country and the people.

Fan Zheng shook his head and said, "If the officials want to know why the Green Crop Law has so much resistance and the people complain so much, they only need to analyze the motives of the new party and the old party! If the two motives don't exist, naturally the Green Crop Law cannot succeed?"

"What's the meaning of this?"

Zhao Xu was very puzzled.

Fan Zhengfan asked: "Do the officials know why the old party stopped the Youth Law? It's really pleading for the people?"

Zhao Xu shook his head. Although there are various problems with the Green Crop Law, overall the advantages outweigh the disadvantages.

"Most of the officials of the old party came from rich landlords, and the families behind them are the main force of private lending. The implementation of the Young Crop Law will naturally damage their interests. This is the reason for their opposition." Fan Zhengdao.

"I see!" Zhao Xu frowned.

"Although there are conveniences in private lending, the interest rate is usually as high as double, and beheading interest is a common method. The people are miserable, but overall, the harm outweighs the benefit. , the Green Sprout Method came into being.”

"As for the New Party, they have indeed seen that the common people are suffering from usury, but their approach is not to save the common people from the fire and water, but to choose to join it and share a piece of fat." Fan Zheng said again.

Zhao Xu's expression suddenly became embarrassing.

"Whether it is private lending or the young crop law, it is nothing more than drinking poison to quench thirst. Not only does it fail to benefit the people, but it also makes the people fall deeper and deeper. The two seem to be in conflict, but in fact they are like dogs of a feather. They are both seeking wealth." Fan Zheng criticized mercilessly. road.

"Rockey of the same feather?"

Zhao Xu couldn't help but twitch.

"In Fan Aiqing's opinion, the Green Crop Law should be abolished?" Zhao Xu asked.

"Of course not. People who are in urgent need of loans are in urgent need of blood transfusions just like people who have lost blood. Whether it is private loans or the green crop method, they can help people in an emergency. From this point of view, the green crop method with lower interest is better than private loans. "Fan Zheng shook his head.

"Fan Aiqing has evil...a good recipe?" Zhao Xu raised his brows and asked.

Fan Zheng automatically ignored Zhao Xu's slip of the tongue, but proudly said: "Of course there is a good prescription, and that is to treat the person in the same way as the person."

"The way of a person also treats a person's body?" Zhao Xu asked puzzled.

Fan Zheng said solemnly: "From the standpoint of the imperial court, it is natural to want to curb the harm of private usury. The harm of private usury is very serious, but it has the advantage of convenience. The policy of the people, since this is the case, why don’t the government repay the person in the same way as the person, and directly order that the annual interest rate of the private loan should not exceed four cents, otherwise the government will not recognize it.”

"It's a good one to use his own way to treat his own body." Zhao Xu slapped the case and exclaimed.

The old party always stands on the moral high ground to attack the new law. This time, he wants to make the old party dumb and eat coptis.

"As for the Green Crop Law, which seems to be low-interest, it can actually double the interest rate. There are even various types of apportionment, which makes the people very dissatisfied. Although it can make money, it can't achieve the purpose of saving the people. If you want to save the people, you have to give up. Accumulate wealth. According to Weichen, the annual interest rate of the young crop method is the highest." Fan Zheng said solemnly.

"one cent!"

Zhao Xu couldn't help frowning, this is an unprecedented low interest rate, can the court really make money?

Fan Zheng shook his head and said: "The officials don't know that the annual interest of one penny is already quite a lot. Take [-] pennies as an example, the principal and interest of one cent a year is eleven thousand pennies, and the principal and interest of ten years can reach [-] pennies." Five thousand strings!"

In this era, there is no algorithm for compound interest. When Fan Zheng used compound interest to calculate the ten thousand ten-year principal and interest, even Zhao Xu couldn't help but be moved.

"Besides, there is a lot of grievance among the people for high-class households as guarantors. Why don't the officials let them voluntarily guarantee them? If the borrower fails to pay, and ask the guarantor to repay the loan, he has nothing to say." Fan Zheng said again. Improve the Strong Guarantee System of the Young Crops Law.

"However, in this way, how many people in the world are willing to guarantee, and the young crop money may not benefit those who really need it." Zhao Xu frowned.

"As long as the net worth is clean, no mortgage is required below the consistent level! Farmers above the consistent level can use their own fields and real estate as collateral! Of course, the loan money for young crops should be less than the market price of the collateral."

Fan Zheng explained the various procedures of bank loans in later generations.

Zhao Xu nodded slightly. This method is indeed more perfect than the young crop method in the new method, and it is also feasible.

"Even so, in order to prevent the youth law from harming the people again, the government can let the old party supervise the youth law, and the new party crack down on private usury, so that the old and new parties supervise each other, so that the youth law can be called a good recipe for everyone. "Fan Zheng said solemnly.

"The Way of Checks and Balances!"

Zhao Xu suddenly thought about it.

(End of this chapter)