Daming: Old Zhu, we agreed not to rush!

Chapter 337 Water can carry a boat and capsize it
Inflation and deflation.

After Su Jing's remarks, the study room was completely quiet.

Starting from the history of currency development, we talked about banknotes step by step, and then to the possible consequences of the issuance of banknotes.

Su Jing thought that what he said was pretty clear, and how much he could understand was entirely up to them.

"So that's the case. I didn't expect that there would be such a problem with the issuance of treasure banknotes. I never thought of it."

Zhu Yuanzhang's face was solemn, and he had long since lost the idea of ​​being angry with Su Jing.

Now that he has a thorough understanding of the dangers of this banknote, the issuance of Daming Treasure Banknotes needs to be considered again.

"Mr. Su is really a heavenly man. This inflation and deflation, simple image, everything in Mr. Su's eyes, there is no way to hide it at all."

Liu Bowen was very moved. Although he came to listen to it halfway, he also learned a lot.

Zhu Yuanzhang said: "It seems that the Ming Dynasty banknotes cannot be issued at all."

Liu Bowen immediately said: "Your Majesty, don't worry, Mr. Su must have known the advantages and disadvantages of this banknote, but he still admires it in his words. The old minister thinks that Mr. Su may have something to say."

"and also?"

Old Zhu was taken aback for a moment, and then said: "Okay, then I will listen again, what else does Su Jing have to say."

Inside the study.

The princes who were in shock gradually came to their senses, but the surprise in their eyes did not disappear so easily.

"How about it, do you feel that the danger of banknotes is really a bit big?"

Su Jing smiled and asked several people.

Zhu Xi immediately nodded and said, "Yes, Mr. Su, I thought paper money was something that would benefit the Ming Dynasty, but now it seems that this paper money is simply a scourge."

Su Jing looked at him and said: "King Qin, everything is like this, there are advantages and disadvantages, although the harm of improper issuance of banknotes is really great, but the benefits of banknotes are still not negligible, we can't just give up because of choking."

The disadvantages of paper currency are great, but the advantages are obvious.

In her previous life, Su Jing knew very well that even in the era of electronic payment, banknotes still play a role that cannot be ignored.

"However, Mr. Su, the harm caused by the issuance of banknotes is so great, I really feel that the benefits are not enough for me to continue to support banknotes."

Zhu Xi shook his head and said.

His change is the biggest. At the beginning, he firmly supported paper money, and now he firmly resists paper money.

Su Jing smiled, and didn't rush to explain, because Zhu Yan had already raised his hand.

Zhu Wei said: "According to what Mr. Su said, the harm of banknotes may be unbearable for the current Ming Dynasty, but I think carefully about the inflation and deflation that Mr. Su said, and I always feel that there are still some unreasonable things, but where is it? I can’t figure it out, but I can’t figure it out.”

"I am a little aware of King Jin's doubts. Of course, I am not sure if what I said is what King Jin thinks. Let's listen first, it's okay."

Su Jing said lightly.

Zhu Yan's performance, in Su Jing's view, is the performance that a true thinker should have. He did not blindly follow others, but carefully thought about the reasons and relationships.

"Please ask Mr. Su to clarify."

Zhu Yan immediately cupped his hands towards Su Jing.

Su Jing said: "The inflation and deflation I mentioned just now are actually assumptions under an ideal model. What is an ideal model, that is, without considering other factors."

"Actually, even in the era of paper money, gold and silver coins will not disappear, and the value of gold and silver will not depreciate due to the emergence of paper money."

"Then, in the money market, there will be coins and banknotes at the same time, and the two will affect each other. Inflation and deflation are no longer simply determined by banknotes."

"Currency is money, and it is also a commodity. It is a commodity. There is a market for commodities, and the market has an invisible hand with the function of self-regulation."

"In reality, the impact of inappropriate issuance of banknotes is not just as simple as the increase or depreciation of commodity prices. The balance of everything is more complicated, and there are more factors that need to be considered."

With this explanation, Su Jing actually couldn't fully explain the changes.

This is something that no number of economists could understand in the previous life, and there is only so much that Su Jing can explain.

Anyway, it's right to be complicated.

For such a huge economic system, any new thing will lead to some uncontrollable changes, which is unavoidable.

"So it's because I thought it was too simple."

Zhu Yan sighed: "It seems that this business matter is also a major national event, and it must not be sloppy!"

As a prince who has studied hard since he was a child, Zhu Yan has read a lot of sage books, so he naturally has some thoughts of looking down on industries other than reading.

Especially the thoughts of scholars, farmers, businessmen, and commerce have always existed deep in Zhu Yan's heart.

As for the treatment of Su Jing, he never regarded Su Jing as a businessman.

But now, after listening to such a class, he only feels that even if it is just a business matter, the impact on the country is still extremely huge.

"Mr. Su, should this banknote be used or not?"

Zhu Di asked Su Jing.

There are advantages and disadvantages, these are theories, in practice, use or not?

Pragmatic Zhu Di is very direct.

"King Yan, do you think paper money should be used?"

Su Jing asked back.

Zhu Di immediately replied: "Students think that it can be used or not. If it is not used, it will continue to maintain the currency status of gold and silver coins. It is still feasible for Ming Dynasty. If it is used, it must be careful to prevent the issuance of paper money. It will have a bad influence on Daming."

Indulging in leading troops to fight all day long, Zhu Di's character is decisive.

Do things as they should, how to deal with what to do, how to deal with what not to do, what Zhu Di said may be wrong, but he will not be too entangled.

"Okay, the fourth child, like me!"

Zhu Yuanzhang was also quite happy when he heard Zhu Di's words.

Liu Bowen nodded and said: "The king of Yan is decisive, and he will definitely be entrusted with important tasks in the future!"

At this moment, neither Lao Zhu nor Liu Bowen thought that Zhu Di might become the next emperor.

In other words, the entire Ming Dynasty went up to the emperor and down to the common people.

They all believed that the emperor after Lao Zhu could only be Zhu Biao.

No matter how excellent the other princes are, they will never threaten Zhu Biao's status in the slightest.

"Yan Wang is interesting, he threw this question to me again."

Su Jing said with a smile: "However, King Yan is right. It doesn't matter if you use it or not. After all, considering the current situation of Daming, even if there is a problem, the impact will be limited."

"Master Su, what do you mean?"

Zhu Biao asked impatiently.

As the crown prince, he was very concerned about the issue of the paper money after it was issued, as it was related to the foundation of the Ming Dynasty.

Su Jing turned to look at Zhu Biao and said, "Prince, think about it. In the current Daming, the currency is mainly gold, silver, copper and other coins, but in reality? Most of the poor people in Daming, there are many transactions in their daily life that rely on With food."

"Food is a real thing. As the saying goes, you don't panic if you have food in your hand. If you really issue treasure notes, does the prince think that the people will exchange the food they have worked so hard for for a thin piece of paper? "

"The place where banknotes were first circulated must be in the hands of merchants, and now merchants in Ming Dynasty are like that."

Su Jing directly and simply analyzed the actual situation of Bo Daming, and he was not talking nonsense.

When Su Jing studied history in his previous life, he still remembered the matter of Lao Zhu issuing the Ming Dynasty banknotes.

Although it wasn't Hongwu's three years, but in the end they broke up unhappy and just disappeared.

There is definitely an impact, but not that big.

"Then what Master Su meant, is it necessary to issue these banknotes?"

Zhu Biao asked again.

Su Jing replied: "Of course it is necessary! And it is necessary!"

What Su Jing said was resolute and resolute.

However, this made everyone who had just heard about the disadvantages of banknotes a little confused.

What do you mean?
tease us?

"Please tell Master Su clearly."

Zhu Biao said to Su Jing, he stayed by Su Jing's side for a long time, and he knew that Su Jing must have something to say.

"Don't worry, you have to eat every bite. My class today is not over yet."

Su Jing picked up the tea and sipped it carefully.

He is a teacher now, even if the audience is either a prince or a vassal, he has to wait here obediently.

"No, what kind of spectacle are you kidding, why don't you just be neat!"

Old Zhu outside the door was a little angry. Hearing what he said, he felt that it was really bad.

Liu Bowen said: "Your Majesty, Mr. Su is giving a lecture to His Royal Highness and others. If you talk about it all at once, the effect will not be good."

"Practice and persuasive, students can think a little bit and come up with their own answers. This is Mr. Su's teaching method. The veteran feels that Mr. Su's teaching method is what a real teacher should do."

Zhu Yuanzhang snorted coldly and said, "Bowen, you know how to speak well of Su Jing."

Liu Bowen replied: "Your Majesty, the old minister is just discussing the matter. Moreover, His Majesty has also seen the changes of His Highness King Qin and others, which is enough to prove that the old minister is right."

Liu Bowen was also Zhu Yuanzhang's appointed tutor to the prince. While teaching Zhu Biao, he naturally also taught Zhu Xi and other princes by the way.

So Liu Bowen is very clear about the situation of each of these princes, whether they like to read or not, how are they studying and how are they thinking?What do you like, what is your personality like.

Liu Bowen is very clear about this.

And in this class, Liu Bowen was surprised by all the performances of the princes he saw.

Every prince has improved to a higher level than before.

Liu Bowen also heard about Su Jing teaching the princes separately before.

"Berwin, what you said is correct. Su Jing, this boy, is indeed a teacher."

Zhu Yuanzhang nodded, a different thought suddenly popped up in his heart.

But he didn't say much, as an emperor, his mind had to be deep enough.

"Okay, let's continue to talk about why I insist on issuing banknotes."

Su Jing put down the teacup, and said calmly: "First of all, the first point to be sure is that it is necessary for the Ming Dynasty to issue banknotes, but the time is not now."

"Then when is the right time to release it?"

Zhu Xi couldn't help asking.

Su Jing smiled and said: "His Royal Highness, I just said that the issuance of banknotes, apart from the imperial court, should be used first by merchants, because merchants have frequent transactions, and banknotes can be carried more conveniently, right?"

Zhu Xi nodded.

Su Jing continued: "However, the commerce of Daming is actually not developed now. After all, it has only been a few years since the founding of the country, and there is a lot of waste waiting to be rebuilt. There is also a lot of land that needs to be reclaimed. Open up wasteland to grow food, increase food production, and thus increase the population. , this is the main livelihood of the people of Ming Dynasty right now?"

"Yes, Master Su, the meaning of the emperor is also the same."

Zhu Biao replied: "There have been years of wars, the people have been displaced, and the land has been abandoned. The population of the Ming Dynasty is actually much smaller than that of the Yuan Dynasty when it was at its peak."

Su Jing smiled and said: "But the population continues to increase, and the land will always be reclaimed one day, and when there are more people, the communication and needs between people will increase. The number of merchants will naturally increase, and business will definitely increase. Prosper with it."

"At that time, paper currency will become a product that conforms to the trend of the times, and will better promote the economic development of Ming Dynasty."

Zhu Xi suddenly realized: "So that's the case, so the best time to issue this banknote is at least ten or twenty years later, isn't it?"

"Maybe, it's also possible to delay it."

Su Jing said lightly.

"So that's the case, I am indeed a little impatient."

Zhu Yuanzhang said to himself.

Liu Bowen said: "Mr. Su is indeed far-sighted, but I believe that if the business of Ming Dynasty is to flourish, it must rely on Mr. Su."

Lao Zhu and Liu Bowen are very aware of Su Jing's ability as a businessman.

With the ability of a businessman and such advanced economic thinking, Liu Bowen believes that only Su Jing can do this well.

Zhu Yuanzhang said indifferently: "No hurry, no hurry."

Liu Bowen stopped talking, he realized that he had said too much just now.

Su Jing is not a prince, some things are destined to be impossible for Su Jing to control.

From Zhu Yuanzhang's distribution of feudal kings, Liu Bowen has already seen Lao Zhu's thoughts.

In this great world, Lao Zhu will only let his descendants control it.

The heroes who are now in high positions will eventually be replaced in the future.

No way, this is home world!

Zhu Di raised his hand and said, "Mr. Su, even so, the disadvantages of banknotes still exist. According to what Mr. Su said earlier, the more the business develops, once the harm of banknotes appears, the scope will be wider, causing more extensive damage?"

"That's right, Mr. Su, if the shortcomings of this banknote are not resolved, I'm afraid it will be difficult to issue."

Zhu Yan also agreed.

Although the others didn't speak, they all looked at Su Jing.

Obviously, they also want to know how?
Su Jing smiled lightly: "It seems that there is a very simple truth that you have always ignored. Water can carry a boat and also capsize it, understand?"

"Improper issuance of currency may cause inflation or deflation, but if it is issued properly? Can it reverse adjust the economy of Ming Dynasty?"

(End of this chapter)