258. Elementary Monetary Theory(1/2)
Transport the copper coins to the country !?
We were deeply suffering from money in the Song Dynasty. The three orders were strictly forbidden for the outflow of copper coins.
After the south, the money that the court could cast each year was less than one -twenty -tenth, and it was usually hovering between tens of thousands to 100,000.
One millionth, but for ten years, it may not be possible to cast it, so I sent it out once, and the proper loser!
His Royal Highness, as the Emperor Song of the Great Song, how can I do such a thing that harms my interests?
But His Royal Highness believes so much, I don't seem to question him.
Zhao Heyun stopped talking, a constipation expression.
Zhao Mengqi glanced at him and couldn't help laughing, "Do you think, shouldn't you give the copper coins to foreign countries?"
Seeing that King Yan was broken, Zhao Heyun no longer hid. "The subordinates did think so, and His Royal Highness should know that I was sleepy towards money. Why is it?"
"Haha, it seems that you are still too young." Zhao Mengqi was not annoyed.
Mother, you are one year younger than me!
Zhao Heyun secretly turned his eyes, and everyone else here also felt that Wang Wang leaned on the old selling old was somewhat funny.
But he heard Zhao Mengqi said, "First of all, let's talk about the essence of money."
Money is money, what else is there?
Geng Zhiqiong and others were confused, but Zhao Heyun, Jiang Wanli and others were evoked interest. They looked at King Yan curiously.
"People are alive, and there are all kinds of needs. When they are unable to be self -sufficient, they will meet the needs through exchange with others. At first, it was simple and ease, but this has great limitations and requires each other exactly.
Only complementary transactions can be generated, so people start to use the goods that can meet the universal needs as a medium, such as food cloth and so on. "
"When this kind of goods are medium, their primary role lies in circulation, so it can be called currency. In order to facilitate circulation, the currency must have both recognized value, but also to be convenient to carry and durable preservation. Therefore, metals become the best choice
, Make the metal into a specific weight shape, and the money was born. "
"Some people say that money is universal, because money can be exchanged to any goods, and this is based on the value of the metal itself, so it was calculated at the beginning."
"But people gradually discover that in fact, money is not practical except for circulation, nor does it need to be practical.
Its circulation effect. "
"To achieve this recognized value, it can be a conscious acknowledged, or it can be the rules maker forced everyone to recognize, that is, the government can use items with lower actual value to make money, because whether it is 10 % of copper or 30 % of copper -containing copper -containing 30 %
, Or iron, or even a piece of paper. When the government made a text money, their purchasing power is the same. "
"Of course, the government must ensure the stability of this recognized value, otherwise everyone will be disliked and even refuse to use such money."
Next, Zhao Mengqi continued to explain to you that there are many cottage version of the currency theory that lacks biased and biased.
In fact, people in this era did not not realize these, but they did not express the concept of systematic concepts.
Listening to Zhao Mengqi, everyone gradually had a clearer understanding, especially old officials such as Jiang Wanli who often touched the economy, and felt that they felt suddenly open.
"His Royal Highness means that when the value or cost of the money itself is lower than its face value, it is more popular. If it is equal to or higher, it will let it exit the circulation, that is, the price of copper is much higher than the value of money.
So no matter how much copper coins casting the court, you can never meet the needs of circulation. "
Zhao Mengqi nodded, "Yes, assuming the money in the hands of a people, there is a hand, iron money, copper coin, then he must take the priority to spend the hand, the copper coin stays at the end, that is, the phenomenon of bad coins."
This is easy to understand, because everyone makes choices in daily life. Even in later generations, the same banknotes, people also like to take out the worn out first.
As the first bank governor of the bank, Zhao Heyun also did a lot of homework for money. At this time, he also felt like it. "Before the Nandu, nearly 70 % of the court cast money with copper, so it was firmly resistant to abrasion.
Clear, copper is dense, and few flaws such as sand eye, pores, shrinking holes are because of excellent quality, so it is shared by Siyi. "
"At the beginning of Nandu, although Gao Zong set the rules of 65 % of copper to make money, in the end of Shaoxing, the copper coins made by less than 50 % of the copper containing copper.
And now the regulations on the weight of money and the proportion of alloy, it has been folded by the high -pels of the pawn.
"In fact, there are not many money casting after Nanku. However, most of them are such inferior currencies on the market today. Good copper coins are either melted as copper or hid by the rich home.
, I am afraid they will not take it out when they die. "
Then Zhao Mengqi said, "Gold and silver and copper have high value preservation, which can be called hard currency. For individuals, it is definitely preferred to hold hard currency, but for the whole world, this is not a good thing
. ""
"Because from the perspective of balanced supply and demand, the total value of the total value of the market and the total value of the goods in the market is the best state of the economy, but due to the difficulty of mining and copper mining, the stock is limited.
In the total value of the currency, at this time, the lack of currency will make the goods be unable to make a profit, so the production of production is frustrated, and the flames of economic prosperity have to be extinguished. "
"If the cost of use is low and easy to print, you can avoid this situation. You can add issuance according to the needs to meet the needs of circulation and stabilize the economic prosperity."
"However, if the printed banknotes exceed the total value of the goods, inflation will occur, and the banknotes will depreciate. The devaluation is good for the disadvantages. The advantage is to stimulate consumption, so as to drive production.
The people gradually refused to use it. "
"As the issuer of the currency, the use of currencies to earn benefits is actually a disguised tax, and when facing economic sluggish, financial difficulties, natural disasters, war and other difficulties, currency can be added to solve.
Then it will be shared by all currency holders. "
"So, I issued a type of paper banknotes to the issuance of the sub -Zizi meeting, which is in line with the economic situation. It is also the most favorable choice. The hidden tax is also tax. It is necessary to control it within a reasonable range.
According to the theory of currency flow, the price is too low, the purchasing power of the people is not high, and the economic depression will trigger an economic crisis.
At the appropriate time, the government adopts a slight inflation policy, and the rise in prices is not a bad thing.
However, when the inflation is vicious, the banknotes depreciate, and the price of the price is soaring, the currency system is disordered or even destroyed, which will eventually lead to economic collapse.
This is one of the main reasons for the demise of the Southern Song Dynasty. Zhao Mengqi naturally has to find a way to reverse this problem.
After listening to Zhao Mengqi said, Jiang Wanli was very emotional, "The court actually understood this, and was very cautious at first. After the meeting, Xiao Zong made rules for four years in Qian Road, and re -issued it every three years to replace the old for the old, so that the banknotes have been stable for a long time, and they can have 80 % of the face value. At that time, the lack of money on the market made the money value exceeded the face value, and then Xiaozong was determined to add the seventh session in order to solve the problem of lack of money. From then on, it will be depreciated. The new one is not recovered, the old one is not recovered, and the extension is extended. First, it is postponed for three years, and then developed to ten years. In fact, this is the same as the addition of issuance. It has been issued 11,500 million, and it has been used for fifteen years.
Perhaps this is the boiled frog in warm water, and the gradually worsen currency system has gradually deteriorated with the economy, and step by step to collapse.
Zhao Mengqi couldn't help shaking his head. "The court is the rules of the rules and the regulators. After trying the sweetness of the fiscal problems to solve the financial problems, even if they know that they are drinking and quenching their thirst, they can’t control themselves. The third party is issued to the banknote issuance. The court is responsible for supervision. In this checks and balance, it may be possible to keep the healthy development of the paper banknote system. "
Jiang Wanli thought for a while and thought of the equity structure of the three companies. "His Royal Highness means that in the future, will the money issuance right of the Great Song Dynasty be handed over to Royal Bank?"
Zhao Mengqi, "Yes, and I plan to introduce the people -oriented regulatory agencies mainly when appropriate."
"This seems to be a stable strategy, but the minister thinks that it is a big deal and walks slowly." Jiang Wanli looked cautiously.
Zhao Mengqi replied, "Shi Yu is right, and now the first is to establish the reputation of Royal Bank. Now Royal Bank has more than 90 million yuan in capital. With the most cautious attitude, you can also issue 10,000 new banknotes. It is a new banknote, which can only be regarded as exchanges. After all, we must be able to exchange other currencies at any time at any time to slowly collect the messy currencies on the market. Carry out cargo such as gold and silver, refined salt and cedar to ensure the value of the new banknote. "
In this way, issuing money is simply a reversing of history, and when he returned to the birth of Jianzi, who made the national credit of the Great Song Dynasty has been rotten? He had to start another stove and reshape the credit.
At this time, Zhao Heyun thought about it, "His Royal Highness intends to let the copper coins be completely withdrawn?"
"Yes, today's high copper price is because most of the copper is used on casting money. As long as the copper withdraws from the circulation field, the price of copper will return to normal."
To be precise, Zhao Mengqi intends to withdraw all metal currencies out of circulation and replace it with banknotes. Gold and silver are only used to endorse banknotes, not for circulation.
The reason why the copper price is down is because he finds that if he wants to make firearms, it is the most appropriate to use copper before the quality and output of steel cannot meet the requirements.
According to his estimation, a copper cannon that can launch ten pounds of shells will cost at least two thousand pounds. If the copper price at this time, the material will be at least three or four thousand.
Who can afford this mother ...
"It turns out of this." Zhao Heyun had some understanding. "If the Royal Bank is issued for exchange, the copper coins are just like gold and silver.
Is it used for two copies of money? "
Zhao Mengqi smiled comfortably, "Xunzi can teach, but this is only one of the reasons. The other is that the reason why overseas countries are willing to use the copper coins of Great Song, except for quality reasons, because the huge economic volume of the Great Song Dynasty endorsed these copper coins.
If we don't need copper coins in the Song Dynasty, what do you say what should they do? "
Zhao Heyun stunned, "If you can't buy the Great Song goods with copper coins, it is likely that Song Qian in overseas countries will depreciate significantly.
"In terms of the current situation of the country, the possibility is not great. After all, the main purpose of Song Qian is for their own domestic circulation. Even if we cannot buy our goods, it doesn’t have much to do.
Increasing the circulation of Song Qian, it is different. "
After the copper coin exits the circulation of the Great Song, the quality can be melted into copper, and some of the low copper -containing amount of bad money is actually much better than that of the people.
, Make him fall into the abyss.
"But these are not my main purpose." Zhao Mengqi sat straight and looked around at everyone. "The so -called wanting to take it, must be with it first."
"The trade with Lao Guo was very prosperous. Although it has continued, the transaction volume has declined year by year. The more important reason is that trade imbalances."
"The most products I sold to Lao Guo are spices, porcelain, silk brocade, tea, dyes, and the country sold to us except Sandosan mercury sulfur and other minerals, most of which are crafts such as fan screens."
"Among them, the spices are not native to my dynasty. Now the Shipping Department of Quanzhou is not as good as before. The spices we have entered are less and less.
Although the quality is still lacking, it also relieves the needs in this area. As for other, although the demand is still there, due
The biggest demand for the country. "
"If you want to solve this problem, in addition to reducing the market tax improvement policy, it is more important to take out the products that are attractive to the people.
Wait, it is expected to reach a certain output within one year. "
"But in this way, the goods of the country cannot meet the trade demand. After all, in my opinion, in addition to minerals, those crafts are optional, so we should also inspire and guide them to produce products we need."
"It takes time to adjust the industrial layout. In order to shorten this process and let the mining industry in the country meet our needs as soon as possible, the most effective and fast way is to smash money and use their favorite Song Qian to evoke their enthusiasm."
Zhao Mengqi's intention is not complicated. He just wants to use high -value -added products such as cedar sugar to change the minerals of the noodles, and he is unwilling to wait for the noodles to adjust slowly, so use this method to give birth.
In the final analysis, what he wants is not to destroy the country, but to treat the country as a blood bag of the Great Song.
After the endless coma, Shi Yu rose up from the bed. If you want to read the latest chapter content, please download the star reading app, free to read the latest chapter content. The website is no longer updated the latest chapters, the star reading novel app updates the latest chapters of the latest chapters
To be continued...