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

Chapter 186 National Debt

Morning morning on the second day!Chui Gong Palace once again set off a battle for young crops!

"My lord, please implement the Green Crop Law! To solve the disaster of high-interest lending among the people." Zhang Dun said first.

This time, the New Party has long been prepared to enumerate the harm of private lending.

Facing the bloody ironclad evidence, the old party was immediately speechless. No matter how they attacked the young crop law to harm the people, they had to admit that private usury was also full of blood and debts.

Zhao Xu was furious when he heard the words, and immediately said: "The decree is announced to the world. In the future, the maximum interest of private loans will not be more than [-] cents per year. It is strictly forbidden to behead the interest rate. Nine times out of ten and thirteen times out, the government will not support those who violate it."

"what!"

The old party officials couldn't help being stunned. You must know that the previous annual interest rate was at least doubled, but now it is directly cut in half, not to mention the lack of beheading interest rate and the methods of raising money from nine out of ten to thirteen out.

"The officials are wise!"

The ministers of the new party cheered.

"Officials think twice!"

Censor Yang Wei bit the bullet and remonstrated.

Zhang Dun sneered and said, "What? Mr. Yang didn't just speak out yesterday to impeach the Young Crop Law because the interest rate was too high and harmed the people. Why did he suddenly change his mind now?"

Yang Wei frowned and said, "The government doesn't know that most private loans are for urgent needs. If the interest rate is too low, no one will be willing to borrow money."

Zhang Dun said proudly: "No one can borrow money from Qingmiao. I reported it to the officials. After I went back, I thought about it for a long time. It is really unfair to charge interest twice a year on Qingmiao money. I suggested that the interest on Qingmiao money is two cents a year. The interest is collected once a year, so that it can benefit the people of the world."

The officials of the old party frowned, and the private loan was limited to four cents per year, while the young crop money was set at two cents per year. As a result, the old party suffered heavy losses.

Zhang Dun felt proud that the annual interest rate of two cents was already an unprecedentedly low interest rate. He believed that this time, the officials would definitely agree.

However, Zhao Xu shook his head and said: "The imperial court promulgated the Green Crop Law not to seek money, but to benefit the people. Since it is to benefit the people, it is better to set the annual interest rate at one point."

"one cent!"

The new party and the old party exclaimed, this is a low interest rate that has never been seen since ancient times.

"Not bad!"

Zhao Xun said firmly, at the same time, he announced Fan Zheng's proposal to supplement the Green Crop Law.

"Officials are merciful!"

Su Zhe came out more and more, and was the first to support Dao.

"Officials are merciful!"

Many honest officials who hate usury responded and supported Zhao Xu.

Everyone in the New Party looked at each other and could only nod helplessly in agreement. What they also valued was not interest, but the promotion of the Young Crop Law to increase the influence of the New Party.

"I will obey your orders!"

Zhang Dun was the first to respond.

Officials of the old party couldn't help showing a trace of unwillingness. As a result, they not only suffered heavy losses, but also allowed the new party to become big again.

"During the reign of Shenzong, the Young Miao Law did a lot of harm to people! The officials should think twice!" Lu Dafang couldn't sit still any longer, and immediately retorted.

"I am very pleased that Mr. Lu is an old man who governs the country. It is better to let Yushitai be in charge of supervising the implementation of the Young Miao Law. If there is anything illegal or harmful to the people, stop it immediately!" Zhao Xu said kindly.

Lu Dafang couldn't help sighing, cupped his hands and said, "The official is wise!"

He has already seen clearly that Zhao Xu has mastered the method of checks and balances. This time, both the new party and the old party are in Zhao Xu's hands.

"I would like to report to the officials, whether it is the green seedling method or the secret glass technique, it is far from being able to quench thirst. Now there is a secret report from the secret work, that the Liao emperor has gathered soldiers from several tribes, and the southern tour is about to reach Yanmen Pass?" Zeng Bu worried.

"Yanmen Pass?"

All the officials in the court couldn't help being shocked. Now that the situation in Song and Liao is unclear, Song Dynasty needs a lot of money and food to guard against Liao.

The Ministry of Households was also at a loss, and it was difficult for a smart woman to cook without rice. There were many places that needed money in the Song Dynasty, and the Ministry of Households was also in a dilemma.

Fan Zheng heard the words and said: "I have a plan to solve the household department's worries about lack of money."

The New Party and the Old Party couldn't help but frowned, looking at Fan Zheng displeased.

This time, the officials used their own methods to deal with their own bodies, making it difficult for the old and new parties to eat Coptis chinensis. It is obviously Fan Zheng's masterpiece.

Furthermore, the imperial court's lack of money is not a penny. They don't think that Fan Zheng can solve it. Even if they sell the doctor's family, they probably won't get much money.

"Fan Aiqing, please tell me!"

Although Zhao Xu didn't believe that Fan Zheng could solve the court's worries about lack of money, Fan Zheng's miraculousness as always made him decide to listen to Fan Zheng's evil prescription.

Fan Zheng smiled slightly and said: "Borrow money! When the common people are short of money, the common people will borrow money to tide over the difficulties. Now that the court is short of money, why not borrow a sum of money to tide over the difficulties, and pay it back when you have money in the future!"

"The court borrowed money?"

The Chuigong Hall was in an uproar.

Lu Dafang scolded angrily: "It's nonsense, what is the status of the imperial court, how can they borrow money?"

Zhang Dun also sneered and said, "How can the imperial court be consistent in its lack of money? Who in the world can lend money to the imperial court? Xixia and Liao may be able to borrow money, but how can they be willing to subsidize the Song Dynasty's money to guard against the two kingdoms. "

The new party and the old party severely criticized Fan Zhengzhi's words. In their view, Fan Zheng simply didn't know the heights of the sky and the earth.

Fan Zheng explained: "People's borrowing money is called people's debt, and the state's borrowing money is called national debt. The court has no money, but it does not mean that the people have no money! As far as I know, the folks are very rich, and many wealthy businessmen put money into the treasury. Until it becomes moldy and rusty, if it is lent to the imperial court, it can not only circulate the spare money of the people, but also solve the urgent needs of the imperial court."

"Idiots talking about dreams! Merchants in the world are addicted to money, how can they be willing to lend money to the court." Lu Dafang sneered, everyone knows that money is the most reassuring in their own hands, and who is willing to lend money to others .

Fan Zheng said to himself: "National debt is also a debt. Naturally, it is a debt. Naturally, there will be interest. As long as it is profitable! Naturally, some people are willing to lend money to the imperial court. At least lending to the imperial court is better than lending to others. At least the imperial court will not Don't worry about repaying the money."

All the officials couldn't help being proud, as the government still had some credit, they naturally wouldn't default on that little money from the folks.

Zhao Xu smiled wryly and said, "Although Fan Aiqing's strategy is feasible, one cent of the interest is already the lowest. The money needed by the imperial court is not a small amount. Such interest has been unbearable for a long time."

Fan Zheng had just taught him the horror of using compound interest to calculate interest, so he was naturally unwilling to let the court fall into this vicious circle.

"What if the court sets the national debt at five per cent?" Fan Zheng asked.

"Five percent?"

All the officials in the court couldn't help but have a meal, the interest rate of one cent is already an unprecedentedly low interest rate, and five percent is unheard of.

"But with such a low interest rate, how can ordinary people be willing to buy national debt?" Fan Chunchun said with a heartbeat.

If the imperial court can issue treasury bonds at five per cent, and the proceeds can be transferred to loan money for young crops, it will be a sure thing.

The court officials also shook their heads one after another, they didn't believe that anyone would be willing to buy it with such a low interest rate.

Fan Zheng couldn't help but smile wryly. National debt with an interest rate of [-]% is still extremely sought-after in later generations, not to mention an interest rate of [-]%.

"Doctors are willing to underwrite Chaotang's national debt!"

Fan Zheng patted his chest and assured.

(End of this chapter)