I'm only seven years old, Lao Zhu, you let me supervise the country?

Chapter 269 Issuing additional national debt!Crazy people in the capital!
a few days later.

At the gate of the capital city, three huge bluestones were carried over.

Engraved on it are the names and deeds of three righteous men.

Among them is Fang Xiaoru's name, who donated all the millions of taels of silver he earned from selling Wang Xizhi's original work "You Mu Tie" to the imperial court.

Steadily won the No.1 throne.

The other two paid a price of 30 taels and 20 taels respectively, and left their names as donation stones.

Since then, they have been admired by all people, and everyone who passes through the gate of the capital can see their deeds.

As for the imperial court, they just asked people to move three stones and carve some words.

Without any loss, he received a total of more than three million taels of donations and put them into the national treasury.

Although it is pitiful in comparison.

But the victory comes at almost no cost, just a few stones. What impact can it have on the court?
If three stones are equal to 300 million taels, then Zhu Yunxu really wants to give him a thousand taels!

It's a pity that this kind of thing cannot be repeated.

Zhu Yunxian could only give up in frustration and continue to prepare for the issuance of a new batch of national bonds.

As the news about Shi Jian Yinshan was published in People's Daily, the news naturally spread, and everyone in the capital already knew about it.

The same is true in Yingtian Mansion.

Nowadays, People’s Daily is so widely spread!Basically, every time a new issue is published, it will spread throughout the entire Ming Dynasty in less than a month!

Now, some time has passed regarding Iwami Yinshan and the open-pit silver mine owned by Japan.

The people naturally knew about it.

It’s time to make the next step!
……

Royal study.

Zhu Yunxu recruited Yu Xin, the right minister of the Household Department, who was now in charge of the affairs of the Household Department, and his right-hand man, Xia Yuanji, the head of the Household Department.

Asked: "What do you think is the appropriate amount of government bonds to be issued this time?"

“How much is appropriate to use national debt as a reserve to print money?”

"The current goal is to completely complete the land reform. You two are in charge of the household department, so you should be clear about it."

Land reform is a complex and huge project.

Although Zhu Yunxuan initiated this project and was the one at the helm.

But there is no way to control all the details. Ask professional people for professional matters. Yu Xin and Xia Yuanji are in charge of the household department, so they are naturally professional candidates.

Yu Xin, the right servant of the household department, thought for a while.

Then he said: "Your Highness, judging from the current situation, the number required for land reform is really huge!"

"Fortunately, His Majesty was wise enough to set up a military guard station. Although the fields were distributed to military households for cultivation, the fields still belong to me, Daming."

“Really saved a lot of money!”

"Otherwise, the amount of money spent on harvesting the fields will probably double as much..."

"But even so! The gap is still huge! The new tranche of national debt, I think... can't be less than [-] million!"

Wait for Yu Xin to finish speaking.

Zhu Yunzhen looked at Xia Yuanji again.

This person originally took over the post of Minister of Household Affairs after Yu Xin's death.

Want to see what he thinks.

Xia Yuanji was not timid either. After pondering for a moment, he said: "I believe that [-] million is still not enough."

"If we want to ensure the completion of land reform, we should issue a national debt of one billion!"

"Mobilize the people of the entire Ming Dynasty to buy! Only in this way can the great cause of harvesting the land be completely completed! Let my Ming Dynasty be reborn!"

The numbers of Yu Xin and Xia Yuanji were each exaggerated.

But it's not an impossible number.

Not to mention that the people of Ming Dynasty are getting rich now. For example, Ming Dynasty's tax revenue of more than [-] million per year is not a huge number for the people of Ming Dynasty.

It just depends on whether people are willing to buy it.

Zhu Yunxi thought about it for a while, and he was more inclined to Xia Yuanji's one billion plan in his heart.

It is best to complete the land reform together, rather than piece by piece.

Let the development of Daming become uneven.

This may cause unnecessary problems instead.

"In that case, let's prepare for the issuance of one billion national debt."

Zhu Yunxi made a decision.

"No!"

Yu Xin, the right minister of the Ministry of Finance, suddenly objected: "Your Highness, I think that one billion is too much!"

But this is not because Zhu Yunxi did not adopt his plan.

It wasn't because Xia Yuanji didn't agree with his plan, but because he had other worries in his heart.

I saw Yu Xin saying worriedly: "Your Highness, use one billion national debts as reserves to issue banknotes. By then, the banknotes issued will far exceed one billion!"

"So many banknotes are flowing into the market, although there will be no problems for the time being."

"But over time, it will inevitably cause prices to rise! The problem of money not returning money!"

"At that time, the banknotes in the hands of ordinary people will turn into a pile of waste paper! Your Highness's reputation will also be ruined!"

Yu Xin said sadly.

Although in his opinion, collecting [-] million treasury bonds and then issuing additional banknotes will also lead to the same end.

But at least, the situation can still be controlled.

But one billion is really too much!This will cause the situation to become completely uncontrollable!
After all... To put it in the most realistic terms, there is only so much grain that can be produced in Ming Dynasty a year. If the common people have a need to stockpile grain, then the price will skyrocket very soon.

Money depreciates in just an instant!
But Xia Yuanji has a different view on this.

Xia Yuanji said slowly: "Master Yu, as you said, this may indeed happen."

"Then why did you say you would issue one billion?" Yu Xin asked puzzled.

Zhu Yunzhen also looked at Xia Yuanji and saw that his expression was as usual.

Said: "First of all, it's because if we want to complete the land harvest, we must have a national debt of one billion to complete it!"

"The national debt is a great weapon that consumes the credit of the court and the confidence of the people! It can only be used once and cannot be used repeatedly!"

"If [-] million is not enough, we will need to issue a new issue of government bonds at that time."

"But at that time, the court could issue it, but would the people be willing to subscribe? Maybe by then, the private banknotes would have devalued!"

"Secondly, the depreciation of banknotes may seem inevitable, but in fact it may not be!"

"The more money people have in the hands of Ming Dynasty, the stronger their desire to buy things. What we have to do is actually to find ways to satisfy people's desire to buy."

"Stabilize the confidence of the people of Daming! Let the people know that as long as they want to buy, they will definitely be able to buy it!"

"At the same time, we can also find a hole in which ordinary people can throw money indefinitely, leaving only a small part of the money for themselves."

"In this way, the people seem to be rich, but in fact the money in their hands is the same as before."

"Prices will naturally not go up."

Xia Yuanji talks eloquently, clearly organized and logically.

And his remarks about the 'hole' shocked Zhu Yunxuan even more.

Isn't this the theory of the 'reservoir' of later generations?
Later generations are also printing money crazily, and there is more and more money, but the rise in prices has always maintained a stable situation.

The money has not depreciated significantly either.

The reason is that everyone poured money into the 'reservoir'!
The money in everyone’s hands is actually not as much as it seems!

But Xia Yuanji was still limited after all, and failed to see the fundamental point - the Ming Dynasty's material data was not rich enough!

No matter what method is used, prices will rise and paper money will depreciate!
But fortunately, Zhu Yunxuan already had a way to deal with it...

"What Xia Yuanji said is true, so let's go with the billion-dollar plan!"

"Starting today, a new issue of national bonds will be issued!"

Although Yu Xin was still worried, since Zhu Yunzhen had already decided and what Xia Yuanji said was very reasonable, he no longer objected.

Instead, it began to issue a new batch of government bonds.

soon.

In the capital, news of an explosion spread.

The imperial court is about to issue a new issue of national bonds!
When the people in the capital heard this, they went crazy like sharks after seeing blood!
Who doesn't know?Now the Ming Dynasty's new army is so powerful that a few hundred people defeated tens of thousands of Japanese pirates!

And now the navy of Ming Dynasty has gone to the country of Wa.

Once the Japanese country is conquered and places like Iwami Silver Mountain are occupied, tens of millions of silver will be sent back to the Ming Dynasty every year!

The debt repayment ability of the Ming court is completely trustworthy!

What is the difference between buying government bonds now and giving money away?
It's completely guaranteed!

Moreover, the donation boom has not yet passed, so buying treasury bonds at this time is tantamount to contributing to land reform!

All of a sudden, the people of the capital went completely crazy!

Wherever you buy treasury bonds, there are already long queues before dawn!

Subscribe one after another!

Money poured into the treasury like water!
(End of this chapter)