Sui Dynasty: I, Yang Guang, am both scrupulous and stable

Chapter 52 National Debt System

"National debt?"

Gao Yan didn't know what it was. He had never heard of the term, but he could roughly understand it from the literal meaning. It should mean national debt.

Yang Guang explained: "For debts issued in the name of the imperial court, the basis of the mortgage is the credibility of the imperial court, which is a credit and debt certificate that promises to pay interest within a certain period of time and repay the principal upon maturity."

"For example, Prime Minister Gao can purchase 1 guan of treasury bonds with a three-year term. Assuming an annual interest rate of 200%, he can earn [-] guan of interest every year and redeem the principal after three years."

There are financial loans in any era, and financial interest rates are almost unregulated in this era. There are many private loans but they are not standardized. Therefore, when Yang Guang gave examples, he said the interest rates were very low, or even lower if he thought it could be said.

Gao Jiong frowned slightly, but quickly figured out that Yang Guang's method was another costless operation. He used the name of the court and the country's reputation as collateral to raise funds. It could even be said that there was no cost. What he needed to pay was every year. The interest, and the accumulated money, if it is for a three-year period, will be used by Yang Guang at least within these three years, which will be enough to support the completion of the construction of Daxing City and the cash flow of the housing sales.

What Yang Guang needs to earn is the interest on the national debt in the past three years, and in Daxing City, the money earned from selling houses is obviously more than the interest on these two points.

After thinking about this matter, Gao Jiong even felt that if the national debt can be successfully operated, then the construction of Daxing City may not even use the national treasury money, and it is not necessarily profitable.

It is indeed beautiful under ideal conditions, but Gao Jiong still does not have high expectations for the national debt, because the basis of the national debt is the credibility of the court.

It’s not that Yang Jian has no credibility, or that the Sui Dynasty is not good enough, but that the country has changed hands several times over the years. No one knows whether the emperor will change in a few years. If there is a change, the national debt will be Do you still admit it?

This risk awareness is not just for him, I believe everyone has it.

Gao Jiong didn't say it clearly because there was no need.

"Your Highness has a novel idea, but have you considered it with His Majesty?"

"Not yet, I'm waiting for an opportunity."

"Opportunity?"

Yang Guang smiled confidently, and the boy's confidence was as hot as the midday sun.

"High Minister, there are many disturbances today, and I have other things to do and leave first."

"Hongde, go and see off His Highness."

Gao Jun ordered Gao Hongde to send Yang Guang out, while he sat alone in the middle hall with a thoughtful look on his face. He unconsciously picked up the tea on the side, only to find that the tea had gone cold.

"I never thought we would chat for so long. When the tea got cold, I forgot to ask someone to refill it. I was rude."

The tea in the cup swayed slightly, reflecting his face. At this moment, he felt that he was getting old, and a new generation of teenagers was about to enter the arena.

Gao Hongde sent Yang Guang to the carriage. Before getting on the carriage, Yang Guang said to Gao Hongde: "Brother Gao, from now on when you and I work together, we will avoid all red tape. Doing things is the most important thing. Brother Gao said so."

"Your Highness, I understand."

As a newly minted official, Gao Hongde was naturally full of confidence and enthusiasm when he got such a good position. Facing Yang Guang, his previous imaginary enemy, he could no longer bear any hostility.

Gao Hongde, who was in a very good mood, sent Yang Guang away and walked back to the middle hall with light steps before he became serious, because his father, the prime minister of the dynasty, was sitting in the middle hall without saying a word.

In his impression, his father was too serious, even a little unreasonable.

"Hong De, come in."

Gao Hongde walked slowly and came to Gao Jiong, slightly crouching, not like a father-son relationship, but more like a superior and subordinate with a strict hierarchy. That kind of awe was deep in his heart. "Do you know why His Majesty asked you to serve as the Chief Recorder of Daxing City and also the Chief Recorder of the Jin Palace?"

"Thanks to my father's shadow and your majesty's love..."

"madness."

Gao Jiong directly interrupted Gao Hongde, but the word "stupid" was not spoken in a serious tone and was just said plainly.

"Hong De, you are already at a young age, and now you are in charge of important matters. I have something to say to you as a father, so I will tell you more frankly. Take it to your heart and keep it in mind."

"Yes, father."

Every son is annoyed by his father's preaching, but Gao Hongde cannot rebel against his father who is like a superior.

"Your sister is married to the prince. This is a step forward in your relationship with me, so that I can work with more peace of mind. Now that His Highness the King of Jin is in the limelight, he has arranged for you to be the official recorder, especially the one who also serves as the official secretary of the Jin Dynasty. To record the history of the royal family, it can be said that the retainers of His Royal Highness the King of Jin are His Majesty's two-sided trade-off. Your Majesty reminds me out of friendship that I should not get involved in the affairs of His Highness the King of Jin and His Royal Highness the Crown Prince. To put it more seriously, it is a warning. "

Gao Hongde did not expect this level and was a little stunned: "Father, this..."

"There is no need to panic. His Majesty is just weighing the two sides. This further shows that although His Royal Highness Prince Jin has been performing very well recently, His Majesty still respects the distinction between elder and younger and wants to help His Highness the Crown Prince."

Gao Hongde couldn't figure this out.

Gao Yan sighed: "I think that His Royal Highness, Prince Jin, may be young, but he has a deep mind and has ideas beyond the reach of ordinary people. He still has the demeanor of His Majesty. If you follow him, as long as you don't make any mistakes, your future will not be bad."

Gao Jiong looked at his son, thought for a while and then reminded him: "Hongde, my father knows that you are honest and honest. When you work for the King of Jin in the future, be careful not to provoke instigation from your colleagues and rarely mention your own opinions. The King of Jin His Highness is a man of his own opinions, so as long as he does not fight with the Crown Prince or harm His Majesty, he will do everything he asks."

"Hongde understands."

Seeing Gao Hongde answer the question immediately, Gao Jiong knew that Gao Hongde did not understand what he meant.

He knew very well that his son was not the kind of person who would give advice to others. He had a kind-hearted character and was pure. To put it bluntly, he was a dull and honest man. However, a 20-year-old boy was inevitably high-spirited and had a high self-esteem. He was afraid of himself. Something happened to my son.

Now I am even more impressed that Emperor Yang Jian is really scheming. He has a general understanding of his son's temperament after only a few meetings. In order to prevent such a son from getting into trouble, Gao Jiong himself must help him and completely let Gao Jian go. Jiong stood between the King of Jin and the Crown Prince. Unless he could give up one of his sons or daughters, he would have to stay on both sides and look after both sides.

And he couldn't refuse the emperor's appointment, because this appointment was very good, and it could be said that he was deliberately promoting his son. If he refused, the emperor would think that he was already Yang Yong's crown prince, and he had to at least prove that he was the emperor. The ministers of the prince, not the prince's ministers.

It's a reward, not a punishment, it's like a reward, like a punishment.

Advanced power tactics are never aimed at things, but at people.

Gao Yan looked at Gao Hongde who was thinking about something unclear and said: "If His Highness the King of Jin calls you Brother Gao from now on, you must kneel down and kowtow to apologize."

"Father, His Highness Prince Jin is humble and polite, and he respects me very much. Why is this?"

"Just do as you are told. If you violate the etiquette, you will suffer in the future."

Gao Xi stared at his son and said seriously and indifferently.

"Do I dare to respond when the emperor calls me Brother Gao?"

Gao Hongde suddenly broke into a cold sweat: "Father, I was wrong, I was wrong!"

(End of this chapter)