Daming: My boss Zhu Yuanzhang

Li Wei nodded lightly: "Okay, now these villagers have sold a thousand shi of grain and exchanged it for treasure banknotes. They can eat the rest by themselves. The treasure coins can be used to buy other things. The craftsmen who do not farm and the Vendors and others can also use the money to buy food. The village chief received the thousand stones of grain and used it to raise soldiers and scholars. The food was gone, but the thousand gu of treasure money was still in the village. Circulated.”

"Then the second year, it was still the same, so the treasure banknotes became two thousand guan, three years, four years... By the tenth year, all the [-] guan banknotes were spent. These treasure banknotes were circulated among the people. According to regulations, You can buy [-] shi of grain, but it is impossible for farmers to sell all the grain, so it is impossible to buy [-] shi of grain with this money, so what should we do now?”

Li Wei cast his eyes on the Zhu family and his son again and asked.

The two of them suddenly had a headache, two pig heads and four heads.

At this time, they already understood that if they continue to issue banknotes like this, the value of the banknotes will inevitably depreciate. Now Li Wei is talking about the tenth year. However, as the "village chief", Zhu Yuanzhang will definitely not stop issuing banknotes. In the future, there will only be more and more banknotes. If tens of millions are continued to be distributed, the village will no longer have so much food to sell, and the treasure banknotes will only depreciate in value. Even if more are distributed, they will be completely reduced to waste paper.

By that time, no one will sell him food anymore, even if he is the village chief!If it is forcibly issued, it will even cause turmoil in the country!
Thinking of this, Zhu Yuanzhang was shocked in his heart. Good guy, he originally thought he would be enjoying printing money all the time, but he didn't expect that he would print it all the way to the crematorium!

"What should we do?" Zhu Yuanzhang asked with a solemn expression.

In fact, he himself had long felt that printing money like this would cause problems, but he couldn't tell what the problems were and what the consequences would be.

Now Li Wei used examples to condense the Ming Dynasty to the level of a village, and briefly and clearly explained the issuance and operation of Baobao, which immediately made him realize the seriousness of the problem.

Zhu Biao's face became serious at this time, staring at Li Wei, waiting for his answer.

“It’s also simple, just change the distribution method.”

Li Wei said confidently: "There are three main ways to issue banknotes. One is to directly purchase valuable items, such as gold, silver, copper coins, and other value-preserving things. Buy them and store them. Although your banknotes have been spent, , but if you have these things in your hand, you can take back the treasure banknotes at any time, and if you have these things as anchors, the value of the treasure banknotes will be more credible."

After hearing the first item, Zhu Yuanzhang showed a look of dissatisfaction on his face. There is nothing wrong with the treasure notes issued in this way, but the problem is that the gold and silver must be kept in his own hands and cannot be spent. Doesn't it mean that his hard work has been in vain?
"What else?" Zhu Yuanzhang asked.

"The second is to issue loans. For example, in this village, the village chief printed treasure banknotes and did not buy food directly. Instead, he lent the banknotes to farmers to buy farm tools, oil, salt and other daily necessities. Although they spent They have obtained treasure notes, but they produce grain every year, and they can sell the grain to earn back these treasure notes. The same is true for other craftsmen and merchants. They will make money while spending it, and the treasure notes will be circulated among them. "

Li Wei continued.

After hearing this, Zhu Yuanzhang still felt dissatisfied: "Then what's the use of printing it? We can't spend it ourselves, we can only spend it on others!"

Zhu Biao also nodded in agreement. He was also very clear about the current government of the Ming Dynasty. A large part of the expenditure was solved by directly printing money. If this money was lost, the Ministry of Household Affairs would not be able to come up with so much money. To support the various expenses of the current court.

Li Wei rolled his eyes and corrected: "Your Majesty, the court prints money not for itself, but to provide convenience to the people and promote production and trade."

After listening to it, the father and son felt that what he said made sense, but they were not satisfied.

Li Wei sighed in his heart. In fact, no matter who holds the right to mint coins, they cannot maintain an objective and fair stance. They will inevitably overprint and publish for their own benefit, and all countries in later generations will be no exception.

"Actually, it's not that you can't spend it at all. First of all, there is interest when the village chief distributes treasure banknotes. Naturally, the interest can be used casually. Of course, you can't collect too much, otherwise people won't use the treasure banknotes. Anyway, the expenses of the imperial court The main thing is to rely on normal income such as taxes, not printing money!" Li Wei added.

Zhu Yuanzhang sighed and said: "We understand, but now the Ming Dynasty is full of waste, cities need to be built, roads need to be repaired, and wars need to be fought. Money is needed everywhere. These things cannot be put on hold. Taxation alone is not enough. !”

"Yes, Li Aiqing, do you have any other options?" Zhu Biao asked relentlessly.Li Wei was silent for a moment and said, "Yes, the court can also borrow money."

Li Wei directly stated the model of Mi Yuan in later generations.

There is no way. Strictly speaking, there is only one base currency in later generations, and that is the rice dollar. The currencies of all countries are anchored by the rice dollar, including the Great Celestial Empire itself.

Therefore, except for the rice dollar, other currencies have no reference value.

If the Fed can really maintain an objective and neutral position as it was originally established, then the dollar will undoubtedly be the best currency. No matter whether it was in the hands of the capital consortium before or later it gradually moved closer to the government, it could not Be truly objective.

In the final analysis, what the world needs is a central bank that is completely objective and neutral, and does not like things or feel sad about itself. The currency issued in this way is the most fair and perfect currency. Unfortunately, only nature can do this, so gold Oil, a product of nature, is the ultimate anchor currency.

Zhu Biao frowned immediately after hearing this, and Zhu Yuanzhang objected even more unhappily: "How can that be done? How can the court borrow money from others? No! This is detrimental to the dignity of the court."

Li Wei curled his lips, "What does this mean? Being able to borrow money is your ability!"Emperor Chongzhen wanted to borrow it, but he couldn't get it even if he begged his grandfather and grandma.

"If your Majesty does not want to borrow from others, you can also borrow from yourself. For example, as the issuer of treasure banknotes, if the court needs money, you can borrow from your Majesty."

Zhu Yuanzhang's eyes widened immediately after hearing this: "What's the use of this? Isn't this just taking off your pants and farting?"

Li Wei was silent and speechless. The truth is this, but it is still useful. At least it allows you to figure out how much you owe.

"That's what it says, but the meaning is different. Issuing bonds can meet temporary emergencies, and it also serves as a warning to remind yourself not to spend this money without limit. Of course, it is better to issue bonds to the private sector."

Li Wei persuaded him again.

"If you borrow from the people, don't you have to pay it back in the end?" Zhu Yuanzhang looked unhappy.

"That's not necessarily the case. You can borrow new ones and repay old ones, and the cycle continues. This means you don't have to pay back the money."

Zhu Yuanzhang glanced at him, shook his head and said, "The others are not fools. Can they lend you money for doing this?"

"Of course I will. As the saying goes, if you borrow something, you must repay it. It's not difficult to borrow again. Today I will borrow Zhang San's, and tomorrow I will borrow Li Si's and return it to Zhang San. Then Zhang San will definitely feel that I am true to my word. After a while, , if I go back to Wang Wu and borrow it from him, then he will most likely lend it to me, and I won’t borrow it in vain. It will give me interest. Even if someone sees through this trick, he will still lend it to me. With a sense of luck, I thought I would not be the unlucky one in the end, so I took risks to earn this interest money."

Li Wei slowly revealed this trick that everyone in later generations would understand, but countless people were still fooled. Zhu Yuanzhang and Zhu Biao were stunned when they heard it!

"Still... can it still be like this?" Zhu Biao said in shock.

Zhu Yuanzhang was not much better, and he also looked shocked. He was the founding emperor of the Ming Dynasty. He was very good at governing the country and planning struggles, and he had an even more meticulous grasp of people's hearts.Based on his understanding of human nature, he can be very sure that if he does what Li Wei said, there will definitely be many people who will take the risk to lend him money as he said!
And the longer he plays this trick, the easier it is to borrow new money, and many people will even rush to lend it to him! (End of chapter)