Daming: The most ruthless tyrant in history

Chapter 559: Running trend (2)

The issuance and circulation of Ming Dynasty's new coins are destined to go through a long cycle of changes. In addition to the objective factor of coinage efficiency, the most critical thing is whether the people are willing to accept it!

Since the issuance of the "Ming Dynasty Treasure Banknote" in the early Ming Dynasty, the monetary policy pursued by the Ming Dynasty has been based on banknotes. However, the water here is too deep.

Even at the beginning of its issuance, the Ming Bao Banknotes did remain as strong as legal tender and solved many thorny problems for the court. However, as time went by, the Ming Bao Banknotes continued to depreciate, causing a series of chaos, which made the central government issue many Policies compensated, but ultimately failed to reverse this trend.

The most troublesome point is that the emperors of the past dynasties had different attitudes towards the Ming Dynasty treasure banknotes. This also resulted in the treasure banknotes having almost no credibility when they arrived in the Tianqi Dynasty, let alone being circulated in the market.

For Zhu Youxiao, as the only Zhengshuo in China, the Ming Dynasty governed a vast territory and it would definitely not work without a unified legal currency.

Yes.

Throughout the Ming Dynasty, Tongbao made money, and there was even a large amount of gold and silver in circulation. However, the Ming Dynasty was famous for its lack of precious metals.

The sign of a strong dynasty depends on the revenue and expenditure of the central finance. If the central finance is not strong, then the dynasty will not be strong.

The significance of issuance and circulation of Ming Dynasty new coins is to first unify the money making of internal circulation and gradually make Ming Dynasty new coins the only legal currency. This can eradicate a series of problems caused by the miscellaneous currencies in circulation, and at the same time disperse them to The local minting rights were taken back, and the fundamental red line that only the central government could mint coins was clarified. The abolition of the Ming Dynasty Baobao was to save the lost credibility of the central government!

"For the imperial court, credibility is the foundation of rule. It is a hundred times, a thousand times, or even ten thousand times more valuable than gold and silver!"

Qianqing Palace.

Zhu Youxiao was leaning on the recliner, looking at the blue sky, and said calmly: "Many of the many problems faced by Ming Dynasty nowadays are caused by a crisis in credibility."

"Of course I know that choosing to implement the new currency now will inevitably cause many problems and troubles, especially in the name of the Ministry of Revenue, completely abolishing the Ming Dynasty Bao Banknote. In a sense, it is denying the past. This is also a great loss to the court.”

"Even if you can use your treasure banknotes to offset the tax, what can you do? Maybe for the lower class groups, they will think this is a great joy, but don't forget, the people who really understand the economy are never the lower class. It’s those groups who come from a wealthy background and even have a long history.”

"Just wait, it won't be long before there will be a lot of chaos not only in the capital and Gyeonggi area, but also in the whole world, especially in the most prosperous southeastern provinces. But I know this and must do this."

"If you do something wrong, you will have to bear the corresponding price. Although in my opinion, the general direction of the clear monetary policy based on the Ming Dynasty Baocha is not wrong, but in the specific implementation stage, too many mistakes have occurred, and These mistakes lead to the current difficult problem.”

Zhu Youjian, Zhu Shihong, Zhu Changzi and other people all had different expressions on their faces after listening to what the emperor said.

"Your Majesty, the loss is really too great."

Zhu Changzi hesitated for a moment, looked at Zhu Youxiao and said: "Although I don't know much about government affairs, and I am not familiar with the matters to be done by the Ministry of Revenue, I can still calculate clearly if I have an account, that is, I can use treasure banknotes to offset it." Even if there is seigniorage to make up for the Ding tax, the court will still be losing money."

"If Bi Ziyan and others cannot make excellent adjustments and balance things from the Ministry of Household Affairs, it may cause big trouble among the people."

"This is something that can't be helped." Zhu Youxiao smiled, "If we don't change it now and continue to delay it, the imperial court is destined to lose its absolute dominance over currency."

“If there’s trouble, let’s make trouble.”

"The thick sore has always existed. If we don't work hard to squeeze it out, it will cause too much harm and may even threaten Ming Zuo's continuation."

When talking about this, Zhu Youxiao seemed a little emotional.

When Zhu Youjian and Zhu Changzi heard this, they all looked in disbelief. This was something they had never expected.

It's just reality.

No one knows better than Zhu Youxiao that in the original timeline, the Jiashen national disaster occurred in the Ming Dynasty, which led to the overthrow of the country. It was said that it was because of internal strife, disasters, wars, and privileges... But, the most core point is that The economy of the Ming Dynasty collapsed. This collapse did not lie with the people, but with the central government. The credibility of the court was gradually lost. The harm to the rule was difficult to assess.

"But don't worry."

Zhu Youxiao leaned forward and looked at Zhu Youjian and the others with a smile, "If the court can survive the crisis caused by the new currency, then the new and old coins will be replaced, and the court will bring a super high benefits.”

Ok?
When Zhu Youjian and Zhu Changzi heard this, their faces showed doubts again. They didn't know what the emperor meant by these words.

I am determined to eat the gold and silver stored in the cellar and the fat meat! !

Facing the many stares, the corners of Zhu Youxiao's mouth raised slightly. There was a lot of gold and silver circulating in the Ming Dynasty, which was amazing, but there was also a sum of gold and silver in invisible places, and this amount was Extremely huge.

This is a gold and silver that has been obtained for hundreds of years, or even longer, and is closely related to maritime trade. Even though the Ming Dynasty maintained a long-term maritime ban policy, private maritime trade has always existed.

Otherwise, how could tea, silk, porcelain and other items be so famous?

Especially in European countries, tea, silk, porcelain and other items are directly linked to identity, status, and heritage. These are absolute luxuries!
First unify the legal tender in the Ming Dynasty, and then choose the opportunity to issue a decree to strictly prohibit the circulation of gold and silver that is not a legal currency. Finally, try to let the legal tender of the Ming Dynasty gradually circulate in the surrounding areas. As long as this can be done well, then the Ming Dynasty will move from the silver standard to There will no longer be any problems with the transition to the gold standard.

In this slow process of change, the reputation of Ming Dynasty gradually became stronger and gained the trust of a wide range of groups. With credibility as the main anchor, it also laid the foundation for the re-issuance of banknotes. However, this time period is destined to be a long one. the process of.

A breeze blew.

On the small table next to the lounge chair, several memorials were blown open.

It seemed that everything was peaceful in the Qianqing Palace, but in fact there was a turmoil outside the palace. These memorials were all submitted by Wang Sheng, and there was a serious run on the Huahui Bank! !

(End of this chapter)