Villager of Daming

Chapter 1248 Mood changes with the weather

"Well... uh... go ask everyone how their meals are going."

As Nahachu listened to Zhu Ying, his chopsticks wouldn't move. When Zhu Ying finished her summary, he felt tired and asked someone to find out the situation. He thought he shouldn't listen and couldn't understand.

Instead, Gegehaji's eyes lit up. She understood. This book was not available. The department store didn't have it, and the village military sergeants couldn't provide it either.

She knew that knowledge at this level was not for ordinary people to learn, especially currency.

In the Yuan Dynasty, there were silver, copper coins and paper money. The paper money was called Zhongtong Yuanbao Jiaochao.

This money was easy to use at first, but later it became less and less valuable. In order to make the people accept it, a certain proportion of taxes had to be paid in Jiaoyin.

Just like the Tang Dynasty when silk was used as money, a ratio was adopted.

"Sister Ying, why is this money slowly becoming worthless? Will the treasure notes I'm using now also..."

Gege Haji has discovered the pattern and is now worried about the Ming Dynasty's treasure notes.

"Sister, are you talking about currency devaluation? There are many factors involved! Including liquidity, collateral, scarcity, productivity, national regime stability, internal and external military strength, etc...."

Zhu Ying explained monetary theory to Gegehaji in a simple way, without having to be so profound.

Because she is still learning, the amount of knowledge is too huge, and Brother Hanhan said that she is now in the introductory stage.

"Don't we need to specify that taxes must be paid in treasure notes?"

Gege Haji discovered something different. When the Yuan Dynasty introduced Jiaochao, in order to get people to use it, they required people to pay taxes according to a certain ratio.

In the current Ming Dynasty, you can use gold, silver, copper coins, or banknotes, any of them will do, as long as the quantity is sufficient.

"Yes! You don't care about paying taxes, but if someone uses treasure notes to buy things, you have to accept it.

Baochao is the legal tender. If you say you don't want Baochao when selling things, you are violating the laws of the Ming Dynasty and going against the imperial court.

Physical currency, metal currency, substitute currency, and credit currency are different in the social system.

The most ideal thing is naturally credit currency. Once credit currency is stable, it represents the stability and strength of a social system.

The Ming Dynasty is not yet capable of doing this, and needs to intervene in credit currency little by little.

Nowadays, it is a metal currency and a substitute currency. Occasionally, there is something unusual, that is, when there is not enough collateral, the treasure notes are taken out and used first.

It's our team. Other places don't dare to do that because we have brought a lot of precious banknotes.

If all our treasure notes were used up, all the people in the world holding treasure notes would come to the court to exchange them for collateral, such as gold and silver, and the court would not have enough collateral.

If the quantity is insufficient, the value of the notes will naturally depreciate. When the notes depreciate, commodity prices will rise. This is called inflation..."

Zhu Ying tried hard to tell Gegehaji everything she knew. She would deepen her impression while speaking. She would write down some parts that she couldn't express and then ask Brother Hanhan about them.

“So that’s how it is! No wonder money is worthless. When the amount of credit currency reaches a certain level, everyone will find the problem.

When Jiaochao was first issued, in order to get people to accept Jiaochao, a certain ratio of Jiaochao was required.

When the Jiaochao depreciated and the people were more willing to use Jiaochao to pay taxes, the court required the people to use a certain proportion of silver.

The imperial court itself denied the value of its own Jiaoyin, and the people would be even less willing to accept it. It was not as good as copper coins!
At least copper coins can be used to make copper pots and basins, but what can Jiaochao do? Paste the wall?

Therefore, the only way to achieve this is to produce more things.

We in the Ming Dynasty are doing this now. We grow a lot of grain and raise rabbits, bamboo rats, poultry and livestock.

When there are more of these things, money will be more valuable. Cheap grain hurts farmers, expensive rice hurts people.

But when it reaches a certain quantity, as long as the price is lower than the increase in output, farmers will still make money, right?

What else is important? I always feel like there is something else.”

There was sweat on Gegehaji's forehead. She was thinking too much and was highly focused.

“Sister, there is also logistics. The output is limited to the quantity you need, and the more you produce, the more you need to sell in exchange for other items.

The circulation of materials can turn many things that were originally rotting in the ground into money. The circulation of materials depends on transportation, which can be by land and water, and even flying if you have the ability.

Yang Guang’s Grand Canal was great, and the use of steam locomotives would also increase social wealth.

The circulation of logistics increases the circulation of currency, the circulation of currency increases tax revenue, and when tax revenue increases, the credit of credit currency is high.

Both natural disasters and man-made disasters will affect these aspects.

When natural disasters are hard to defend against... uh... anyway, just try to handle the administrative issues as well as possible, and don't consider natural disasters first."

As Zhu Ying was talking, she discovered that Brother Hanhan seemed to be there for the natural disaster, so he could know about it in advance and skip it.

"Yes, yes! Sister Ying, you said it very well. I understood it immediately. Is there anything else? Is there anything else?
If I had known these things earlier, I, Dayuan... um!

Can I follow you back to the village and listen to the master’s teachings? I want to learn, I want to…”

Gegehaji was very excited. She felt like she had come to a new road. The sun was right in front of her. For example, the sky now... Eh? It was sunny?
Gegehaji said this while looking up at the sky in a daze. The sky cleared up, it was actually clear, just like his mood.

Zhu Ying knew it would be sunny today, because Hanhan said in the morning that it would be best if the clouds and fog would clear up by noon. Look! It turned out to be true!

Qingtian and I listened to the master's class together but nothing happened, because that was impossible!

“Sister, the master will not easily let others listen to the lecture, only some people in our village can do it.

You learn from us, or... Oh! The village head sometimes talks about it, and so do the princes.

Your Highnesses learn with us and the village head, and discuss with each other, which is quite interesting. "

Zhu Ying didn't care whether her words would make Gegehaji feel unhappy. Anyway, she couldn't let the other party listen to Brother Hanhan's class with her.

"It's good as long as you can learn. It doesn't matter who teaches you. Your Highness the Prince of Qin can do it too, right?" Gege Haji settled for the next best thing.

……

"Brother Hanhan, you said gold was falling from the sky. Such a big gold ingot fell down with a crackling sound. No, it was a rumbling sound."

When the sun was shining brightly, the fifth brother Zhu Su saw Brother Hanhan frying fish fillets and wanted some gold. Pieces of gold as big as watermelons fell down like rain.

Zhu Wentian, who was frying fish fillets: "..."

He is more depressed than others. Recently, whenever he says something about the weather, the weather will go according to his words.

He thought about having the industrial mother bed of the entire system fall from the sky, but unfortunately it never appeared.

But he dared to guarantee that the weather did not change like that just because he said it, it was all coincidence.

He sighed and continued to fry the fish fillets. The fish fillets coated with breadcrumbs were crispy on the outside and tender on the inside. They were delicious.

(End of this chapter)