Fang Shiyu didn't know much about economics, and it could even be said that he didn't understand it, but sitting in his position, he knew how to regulate and restore the purchasing power of Daming Baochao.

"Old Zhu, you all know that treasure banknotes are waste paper, so don't other ordinary people think it is waste paper." Fang Shiyu held a piece of Daming treasure banknote in his hand and said, "Everyone thinks it is waste paper, it is waste paper, but the court thinks it is currency, and the court promotes it. Recognizes it and only recognizes it, then it is treasure, the treasure banknotes of Daming, it is valuable."

"It is urgent to restore its purchasing power and to restore the Ming Dynasty's economy, issue treasure banknotes, and maintain the value of treasure banknotes under the lack of gold, silver and copper."

"The longer the time goes on, the worse the value of Baochao! The harder it is to make it come back to life."

Fang Shiyu admitted frankly.

Rescuing the Ming Baochao was already his only demand. As long as the Ming Baochao could restore its purchasing power of its face value, the economy of the Ming Dynasty would definitely develop and prosper rapidly.

Zhu Yuanzhang said: "What's the point of saving it? It's better to reprint it directly."

Fang Shiyu smiled awkwardly. He could not say that there was something wrong with Zhu Yuanzhang's thoughts, because Zhu Yuanzhang's thoughts were really frozen and he was determined to die.

"Old Zhu, it's not difficult to get a new treasure banknote, but the Ming Dynasty has failed once on the treasure banknote. How can the people believe that the newly issued treasure banknotes will not collapse?"

"The only way is to restore the purchasing power of Baochao and restore vitality, make it the only circulating currency recognized by the court, and the circulation of gold, silver and copper is prohibited throughout the country. The court still has a certain credibility after experiencing land reform. Now that the court comes forward to restore the purchasing power of Baochao, it will be much faster and will be more respected by the people."

Fang Shiyu said firmly.

At this time, Zhu Yuanzhang was confused and looked at Fang Shiyu and said, "What are you going to do?"

"It is divided into three steps, the first step is to release news, and the court restores the purchasing power of Baochao and recognizes the value of Baochao."

"This first step is just to make the news and let the people in the world know, but not many people believe it. The second step is particularly important."

"Now in August, in one month, the autumn harvest will be coming. The court issued official documents and taxes on land acres in various places will be mainly based on the Ming Dynasty treasure banknotes and supplemented by physical goods."

"In this way, a large amount of treasure banknotes can be recovered, so as to reduce the treasure banknotes circulating on the market."

"The third step is to restrict the printing of Baochao, and stipulate that Baochao will be revised once every five years, to improve the anti-counterfeiting ability of Baochao, and to use Baochao in the upcoming overseas trade."

"Overseas trade?" Zhu Yuanzhang's eyes were heavy. Zhu Yuanzhang didn't like the overseas trade that Fang Shiyu had repeatedly praised, but Fang Shiyu liked it, and he also learned a little more or less.

However, he really doesn't like the ragged things in Western foreign countries.

"That's right, use the Daming Baochao to buy things all over the world, while other countries that have power can only use the Daming Baochao if they want to buy things in the Daming Gong. In this way, the Daming Baochao is not just the currency of the Ming Dynasty, but the currency of the whole world!"

"Other places can also share the problem of over-issuance of the Ming Dynasty's treasure banknotes for the Ming Dynasty."

Fang Shiyu's face was calm, and using civilized means to plunder the wealth of the whole world was what the Ming Dynasty should do, rather than relying on burning, killing, looting.

Once the system in Fang Shiyu's mind is successfully built, other countries will really be tied to this ship in the Ming Dynasty forever.

Otherwise, their wealth will be damaged.

"But, if the land tax in the whole country is collected, what should I do?" Zhu Yuanzhang expressed his concern. If the taxes throughout the year are collected, the treasure money will be collected, then there will be chaos.

Fang Shiyu admitted: "Your Majesty is too worried, so it is true that it is necessary to take back the Baochao, but if the land of the court is settled with Baochao as the main every year, it proves that the purchasing power of Baochao is gradually recovering.

Besides, how much treasure money can ordinary people have?”

Fang Shiyu's face was calm. He was just trying to beat the people that they didn't have much treasure money in their hands, and even if they paid taxes, they would not pay too much. And over the years, the treasure money of the Ming Dynasty became the only currency that could be used to pay the taxes of the court.

It will naturally become the only currency to buy.

And the court also believed that if the imperial court recycled it for a long time, it would take ten or eight years to buy things.

The Daming Baochao is easy to carry and has a sufficient face value. Why not use gold and silver so hard to use money that is worth a lot of money?

Fang Shiyu continued: "The function of the Daming Baochao cannot be invalidated like this, otherwise, it will be very difficult to issue the Baochao in the future."

After the speech was finished, Zhu Yuanzhang spoke, "Then do you plan to issue it like this? Is it really feasible? The court will not have financial difficulties?"

Fang Shiyu shook his head and said, "If there is no financial difficulties, the court can use this to purchase a large amount of gold and silver to store it. If it is really a chaotic era, it is understandable to use gold and silver as hard currency. Now, the peace and prosperity of all industries will be prosperous."

"What is the point of making treasure money in the court collecting and issuing new treasure money, batch by batch, and the process of replacing it little by little, making the treasure money flow and becoming the only currency of the Ming Dynasty?"

Fang Shiyu identified his beliefs. He believed that it was urgent and even urgent to restore the credibility of the Daming Baochao and rescue the Daming Baochao.

And how to define the Daming Baochao after saving Daming Baochao is the real economic problem, but Fang Shiyu is not yet considered so deeply

After waved his hand, Zhu Yuanzhang said, "Just tell me, what else do you want me to do?"

"Actually, it's nothing. Just stop asking the people from the Ministry of Revenue to continue printing treasure money. I can do anything else."

Fang Shiyu was also unable to do so. Zhu Yuanzhang asked the people from the Ministry of Revenue to print the Ming Dynasty treasure banknotes. Fang Shiyu didn't know what he used to do, and he didn't know who the Ming Dynasty treasure banknotes were in his hands.

However, in the hands of ordinary people, there will definitely not be many Daming treasures.

Zhu Yuanzhang nodded in agreement.

With Zhu Yuanzhang's consent, the Ming Dynasty suspended the printing of treasure banknotes and repurchased the mobile treasure banknotes of the Ming Dynasty.

Of course, Fang Shiyu had no money to exchange for the Daming Baochao. The only way was to issue official documents, requiring officials from all over the country to use the Daming Baochao as settlement currency to carry out the tax on the autumn land harvesting acres.

The actions of the court soon spread to the people, and Baochao wanted to increase its value and recover. The court used Baochao as the legal currency for unified tax collection. For a time, the popularity of Baochao increased again.

In the streets and alleys, countless vendors began to use gold, silver and other goods, and began to resell Daming treasure money from others.

The value-added treasure banknote in the past suddenly became a hard currency in Yingtian Prefecture. Because of an imperial edict from the court, the Ming Dynasty would use treasure banknotes as tax currency.

As the incident fermented, the promotion and publicity of officials from various places, the liquidity of Baochao suddenly increased, although it had not yet reached all the purchasing power of the face value.

But the value of Baochao has gradually recovered and has become a foregone conclusion.

The most important thing was that the Ming Dynasty abolished the direct regulation of paying taxes for copper coins, with a one-size-fits-all direct rule, only collecting treasure money and physical goods, and the physical goods in commercial tax increased by one point, reaching the level of 100 taxes and eleven.

Unless you pay the treasure money, according to the standard of ten taxes, it will be ten taxes

In this way, the imperial court's official documents were sent to local governments. Local officials were busy with autumn harvest and had to bear the collection of commercial taxes, so they were so busy that they could not pay for it.

And their busyness was also based on the prosperity of the Ming Dynasty.

......

September 20, 20th year of Hongwu.

Eastern Palace, Zhan Shi Mansion.

Fang Shiyu looked at the people in front of him and said calmly: "Jing Qing, how much did the land tax be collected last year?"

The harvest of land tax represents how much treasure money the imperial court can recover.

The purpose of Baochao is self-evident.

After all, Fang Shiyu still has to use treasure money as currency.

Although Zhu Yuanzhang had used the treasure money, Fang Shiyu picked it up and rescued it and continued to play, and there was no problem.

As long as the court recognizes it, it will naturally be the only currency after a long time.

Jing Qing read through the memorials and found the annual land tax and financial report from a bunch of memorials: "The Ministry of Revenue reported that the total land tax harvest in various places was 274 million stones of grain, of which 247 million stones of grain had been entered into the treasury of various places, the national treasury!"

"The total amount of Baochao collected is 18.3 million, of which 16.5 million have been entered into the national treasury. As for the physical goods, the commercial tax this year has not been settled, and there is no data for the time being!"

The land tax in the Ming Dynasty was not harvested in September. The climate varies from place to place, and the plantings vary. However, September is the autumn harvest season and the last autumn harvest.

During this period of time, the imperial court would calculate the tax on land for the whole year.

"Is there so much food?" Fang Shiyu was stunned. Two hundred and seventy-four million stones of grain, one stone of grain was 125 kilograms. These grains were enough for 200 million people to eat for a month.

Moreover, the imperial village only collected 20% of the rent, and the people still had 80% of the grain production. In other words, the harvest of the Ming Dynasty last year reached 100 million stones and was much more.

Jing Qing said: "The value is indeed a bit large, but this is normal. The plains of Liaodong produce 20 million stones of grain. The northwest region, the central China Plain, the South China Plain, and the south China are high-yield areas."

"However, the rice yield has not increased much. The main reason is that the large-scale promotion of corn, potatoes and sweet potatoes has made many of the used places that have been used to become grain-producing land. The imperial court increased the mountainous land acres last year by 30 million acres."

As Fang Shiyu's private secretary, Jing Qing was connected to the Ministry of Revenue. Although he did not have a formal official position, he still had the authority to connect to the Ministry of Revenue as an official of the East Palace Zhanshifu.

There is a scale in my mind for national data.

Nodding, Fang Shiyu narrowed his eyes and said, "Can you calculate how many treasure money there are in the Ming Dynasty for more than 10 million treasure money?"

"Or it was hidden?"

Fang Shiyu asked.

Jian Yi said, "Your Highness, this job is too great. According to the customs of the court, the amount of treasure notes issued in recent years is as high as 100 million. Including the losses, there are at least no less than 100 million treasure notes among the people, wealthy businessmen, nobles, and officials."

"But if the court can unwaveringly increase the value of Baochao and make its existence worthwhile, instead of wasting paper that is hard even if it was hard, the court will not rush to take it back all!"

Jian Yiping said calmly, it was impossible to take back all the treasure money.

After all, the major vassal kings, officials, and wealthy businessmen, when they learned that the court would maintain and maintain the purchasing power of Baochao, they would definitely not easily release Baochao.

As the court pushed the strength, the value of Baochao soared, even exceeding the existing value of Baochao. With a large amount of Baochao in their hands, wouldn’t they just reach the top and become rich in wealth?

Fang Shiyu nodded. It would be a good thing if others didn't let go. After all, a large amount of treasure money poured into the market will cause market chaos and the treasure money depreciated.

"Well, by the way, is there any movement in the Ministry of War? What should I do if the military pay for the 27th year of Hongwu?" Fang Shiyu asked.

In the 26th year of Hongwu, military expenditure accounted for half of the state expenditure, and this year, no new weapons were unveiled at the Firearms Manufacturing Bureau.

Without purchasing weapons, there is naturally no need to spend so much.

"This, the Ministry of War is still accounting for the amount of military pay, and I should be informed later." Hou Tai said.

Shaking his body, Fang Shiyu said, "Let's work!"

As they spoke, everyone was in a stage of hard work.

As Fang Shiyu's handling of political affairs became increasingly popular and had his own way of doing things, he went to the Qianqing Palace less and less.
To be continued...