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

Chapter 326: No need to pay off the national debt?Suffering the common people!
In Xia Yuanji's simple concept, the money borrowed from the people needs to be repaid.

Now that most of Ming's money has been lent out, what will be used to repay it then?

Do we need to borrow it from the people again?
It's just that you haven't paid back what you borrowed last time. Why should the people lend it to you this time?If you borrow money and repay it, in the eyes of the people, it must mean that Ming Dynasty simply cannot afford so much money.

The east wall was demolished to make up for the west wall.

This will definitely lead to bad credit and people's confidence will be shaken.

Thus affecting the Ming Dynasty's finances.

It's just that Xia Yuanji has never understood the truth. The national debt borrowed by Zhu Yunxuan actually does not need to be repaid at all.

"Haha, Xia Shangshu, you are worrying too much."

Zhu Yunxuan smiled and said: "The national debt seems to be a debt. It is a debt borrowed by Ming Dynasty from the people."

"It needs to be paid back."

"But in fact, from Gu's point of view, this money does not need to be paid back at all."

As soon as this remark came out, all the officials were shocked!

Don't need to pay it back?
Xia Yuanji was even more frightened, fearing that Zhu Yunzhen would not be able to turn around for a while, be dazzled by the huge benefits, and seriously not return the money.

When the time comes, if it is lighter, it will be nothing more than a Ming Dynasty banknote becoming a piece of waste paper.

And Ming's credibility dropped to freezing point.

If it is more serious, I am afraid that there will be uprisings everywhere in the Ming Dynasty!They all came towards the capital of Ming Dynasty!

"No! Your Highness!"

"This money must be returned to the people!"

Yang Shiqi from the People's Supervision Department quickly admonished, no matter how angry His Highness the Grand Sun was today or how insistent he was, he would rather die than to advise His Highness the Grand Sun not to do such a thing!
The other ministers and officials also gave advice one after another.

There were voices of opposition in the court hall.

But just when everyone thought Zhu Yunxi would be angry, unexpectedly, Zhu Yunxi just smiled lightly.

Said: "Who do you think I am?"

"How can Gu be the kind of person who refuses to pay back money? Daming's debt will not disappear. What Gu means is that this debt seems to be a burden on Da Ming."

"But in fact, it is not a burden to Daming."

Debt will not disappear, but it will be transferred and diluted, and national debt is the best thing to be diluted!
Because the left hand of Ming Dynasty borrowed money from the people of Ming Dynasty.

On the other hand, you can print your own money to continuously increase the money circulating in the Ming Dynasty market.

As long as Zhu Yunxuan is willing to make a profit, he will immediately start the money printing mode like crazy.

It can dilute the small amount of national debt to the point where it does not exist at all, which is almost equivalent to using people's money in vain for so many years.

People can even lose money.

Artificial inflation is Ming's best monetary tool, which can help Ming dilute all its debts.

It's just that Zhu Yunxuan naturally wouldn't do this. This is a way to make a profit.

Really using this method is just a little better than not doing it directly.

Zhu Yunzhen has a more advanced approach!

Through a combination of debt transfer and money printing, this national debt has become a nearly permanent debt!Therefore, from now on, the Ming court can always use this fund as long as it can afford to pay the interest to the people!

However, inflation is always unavoidable.

Ming Dynasty banknotes are bound to depreciate, and the price of manpower and materials will continue to rise.

At this time, it is necessary to suffer the common people.

But the suffering people also have a choice. Now the Ming Dynasty still has a choice. It will not suffer the people in its own territory, but choose to suffer the people of other countries.Looting the wealth of other countries as an alternative.

The purchasing power of Ming Dynasty banknotes will still be very low in Ming Dynasty, but in other countries, the purchasing power can still maintain a strong position.

Use this to harvest other countries and use the productivity of other countries as a guarantee.

Maintain the purchasing power of Ming Dynasty banknotes.

In this way, Zhu Yunxuan not only achieved the goal of inflation, continuously releasing watermarked banknotes, and using national debt for free, but also ensured sufficient purchasing power of Ming Dynasty banknotes, so that the people within the territory would not have to suffer.

The purchasing power of Ming Dynasty banknotes only declined within the country.

As inflation continues, other countries will pay for the Ming Dynasty banknotes.

But this principle is difficult to explain to Xia Yuanji and others.

Zhu Yunxuan could only describe it simply: "This money will not be borne by Ming Dynasty, but will be borne by countless overseas countries."

"Because goods sold very cheaply in Daming can be sold very expensively in overseas countries."

"To make more profits."

"The more goods and wealth there are in Ming Dynasty, the more Ming Dynasty can freely print money. This is equivalent to other countries helping Ming Dynasty bear this national debt."

"When the time comes, I, Daming, will still have to pay back so much money."

"In terms of purchasing power, there is not much difference for the people of the Ming Dynasty, but for the Ming Dynasty, the cost of use is insignificant."

Another advantage of doing this is that it can stimulate people to go overseas for trade.

Because the purchasing power of Ming Dynasty banknotes within the country is not at the same level as that abroad.

Everyone will naturally think that the outside world is full of gold, and they only need to exchange commodities for some raw materials to return to the Ming Dynasty and make a lot of money.

Naturally, more and more people will go to sea.

And the Ming Dynasty’s navigation technology and shipbuilding technology will also usher in rapid progress!
It's a pity that there are not many people in the court who can keep up with Zhu Yunzhen's vision.

It can even be said that there is none at all!
Everyone heard what Zhu Yunzhen was talking about in a blur, and they had no idea what Zhu Yunzhen was talking about.

I just know that Zhu Yunxuan came up with a plan that everyone was happy with and only suffered for the people of other countries.

It is good for the Ming Dynasty court and good for the people of Ming Dynasty.

As for being detrimental to people in other countries?

who cares!There is no Holy Mother in the court, and most of them are Confucian scholars. They regard the surrounding countries as barbarians. No one cares about whether a group of barbarians are comfortable or not!
If such a Holy Mother really appeared.

Zhu Yunzhen absolutely didn't talk nonsense and killed this fool on the spot.

The court of the Ming Dynasty could not accommodate such a great god.

"Grandson Shengming!"

Although no one can understand it very well, it still does not prevent the courtiers from flattering them.

That's the reason why I don't know how serious it is.

And since the issue of debt was mentioned, Zhu Yunxu continued to talk.

Take advantage of this morning to give orders together.

It just so happened that he had many new debt regulations to implement, especially if Ming Dynasty wanted to develop, it would definitely not be possible to rely solely on entities.

While stabilizing prices, Zhu Yunxuan must also develop the prototype of Ming's own financial system.

Only then can future generations not suffer in this regard.

With hundreds of more years of experience, it would be easier to use the twists and turns to deceive others, right?
At the very least, the people of Ming Dynasty cannot be deceived.

And capital is inseparable from finance. If there is huge capital in Ming Dynasty, these capital alone can replace weapons and move the world!
(End of this chapter)