Daming: The Sims, Lao Zhu’s mentality collapsed

Chapter 74 Dad, you are still too naive
  Zhu Xi, who was back in control of his body, shrugged and said: "The salaries of officials in the Ming Dynasty are not enough, so let's increase their wages. At the same time, we will provide officials with honest money, and at the same time, we will risk our lives to kill corrupt officials. How can we have such a two-pronged approach?" There are so many corrupt officials, dad, can you still not understand such a simple truth?"

"Of course we understand, but..."

Zhu Yuanzhang was speechless for a moment, "How can the Ming Dynasty have money to raise the wages of officials..."

Was Ming Dynasty poor?

Poor, and very poor, and Lao Zhu has no intention of raising the salaries of officials.

Lao Zhu came from a humble background. He still dares not forget how helpless he was when his parents starved to death, so he deeply hates the officials who embezzled food for disaster relief. In his eyes, every one of these people should be killed!

Even after becoming the emperor, Lao Zhu still felt that there was no need to pay these officials too much salary. These people should learn on their own and do more work if they can't use others.

But what he didn't think about was that he was so diligent because he was the boss and he was working for himself. But the officials under his command are different. They are working for Lao Zhu. How diligent do you expect the workers to be?
  Zhu Xi said calmly: "If you don't have money, then make money."

Lao Zhu cursed and said: "You son of a bitch, it's easy for you to say. How can it be so easy to make money? If you don't live in the family, you don't know that firewood, rice, oil and salt are expensive. There are many places for the court to spend money, but there are only a few ways to make money. We Where can I get money?"

"There are too many ways to make money." Zhu Ru smiled slightly.

"You know what a bird is, we have been worried about money every day for these years as emperor. If you can make Ming Dynasty rich, what if I give you the seat under my butt?" Zhu Yuanzhang paused for a moment, "Wait a minute. ...You mean, you have a way to make money?"

"I don't care about the seat under your butt, but it's rare for Brother Zheng to ask me for help, so I might as well help share your worries."

Zhu Tie said calmly, "When it comes to ways to make money, who can make money faster?"

Zhu Yuanzhang frowned slightly: "What exactly do you want to say?"

"Ming Dynasty treasure banknote."

Zhu Xi said calmly, "Printing banknotes."

Baochao is the paper currency of the Ming Dynasty.

As early as the Song Dynasty, the paper currency "Jiaozi" had already appeared. This was inevitable for the Song Dynasty, because the economy of the Song Dynasty was too prosperous, and copper coins could no longer meet the needs of the Song Dynasty in economic circulation. In addition, The "coward Song" was severely beaten in turn by the Liao, Xia, and Jin. Military expenditures and indemnity expenses were huge, and banknotes needed to be issued to make up for the fiscal deficit. Due to various reasons, banknotes officially appeared in the Song Dynasty.

Lao Zhu said disdainfully: "Of course we know that treasure banknotes can make money. As early as last year, we have set up a treasure banknote promotion department. Although it has not been issued yet, we have established a complete treasure banknote system. This is still needed. you say?"

Zhu Zhu shook his head and looked at Lao Zhu with pity: "Dad, you are still too naive."

His old father did not study finance, but Zhu Ru did. He not only studied finance but also studied history. That's why he knew that not only would treasure money not be a way for Ming Dynasty to make money, but it would also become one of the causes of Ming Dynasty's downfall!

Zhu Yuanzhang was a little confused: "What do you mean?"

"Dad, let me ask you, how do you plan to establish the banknote law?" Zhu Ru asked.

Zhu Yuanzhang was hesitating and speechless. This involved a field that he was not very good at. He really didn't know how to describe it.

Zhu Ru asked: "If my guess is correct, do you plan to issue treasure banknotes directly, and only allow the holders to exchange gold and silver for treasure banknotes, but not allow the banknote holders to exchange treasure banknotes for gold and silver? Not only that, You also plan to use treasure banknotes to pay salaries to officials and implement a system of seven banknotes and three firsts?" Lao Zhu was shocked: "How did you know?"

What Zhu Xi said struck a chord in his heart. This is what he planned to do!

However, Lao Zhu only thought about these words in his heart, but never said it to others. How did Lao Wu know?
  Zhu Xi said coldly: "Father, don't worry about how I know it. Do you know that this is the way to die?"

"Why did you say that?" Lao Zhu was shocked.

Not only Lao Zhu, but in the world of his mind, Ying Zheng, Li Shimin, Liu Che and others who were listening also raised questions.

"Xiao Wu, what's the problem?"

"It's just handing out banknotes, why does it involve death?"

"What kind of treasure money is this?"

Zhu Ju sighed: "That's not how money is printed. This is equivalent to taking money from the pockets of people all over the world to make up for the shortfall of the national treasury. This is seeking death."

"There was no money in the Ming Dynasty's treasury, and the banknotes issued relied entirely on the Ming Dynasty's court credit to make the people buy it. Fortunately, the court's credit was sufficient, and it was enough to maintain the circulation of banknotes in a short period of time. But it will definitely not work in the long run. Every time one is issued, The wheel of treasure money consumes the court's credit in the hearts of the people, and sooner or later this credit will be used up."

"If you want to maintain the paper currency system, you still need to maintain the value of treasure banknotes."

"It is not difficult to maintain the value of treasure banknotes. You can use the taxes collected by the court as a guarantee and let the people pay taxes with treasure banknotes. The specific amount is collected according to the issuance value of treasure banknotes. This is the most basic way to maintain the credibility of treasure banknotes. The request is equivalent to the court collecting the taxes that should be levied on the people in the future. Although the taxes will not increase, this move not only improves the credibility of Baochao in the hearts of the people, but also can accumulate a large amount of original money for the national treasury in the short term. capital."

Zhu Yuanzhang was as if enlightened: "You can still play like this..."

The personalities in his mind also suddenly realized. Li Shimin sighed: "You can play with just one banknote, and you have learned a lot."

Zhu Tong was a little helpless. This was the most basic currency knowledge in finance. It would not be considered a dimensionality reduction attack in the Ming Dynasty. However, although everyone understood this principle, they were unwilling to implement it.

Rather than establishing the credibility of currency, Lao Zhu prefers simple and violent money grabbing.

Zhu Xi continued: "In addition, material capital positioning can also be implemented..."

"What the hell?" Zhu Yuanzhang touched his head, feeling like he was about to grow a brain, "Where is the implementation...material?"

"Implementing material capital status." Zhu Tong explained patiently, "The imperial court has a large amount of grain, salt, cloth and other bulk necessities that can be circulated on a large scale as a chain to control the treasure banknotes, so as to ensure that the banknote holders can use the officially determined To purchase supplies based on the price, only by allowing the banknotes to have the ability to be used can the banknote holders understand that the money in their hands is well spent and maintain the true value of the banknotes."

"Of course, the easiest way to establish the credibility of treasure banknotes is to control a large amount of gold and silver as reserves for the issuance of treasure banknotes. However, the court obviously does not have the strength, so this plan can be abandoned."

"In the final analysis, if you want to maintain the value of treasure banknotes, you must control the circulation to ensure that the court can stably grasp the ability to cash out treasure banknotes. Bao banknotes can only be regarded as valuable if they have credibility in the hearts of banknote holders. money."

(End of this chapter)