"Why did my benefactor slander the capable ministers of the Ming Dynasty like this? You should know that whether civil officials or military generals, how could those ministers under the Tartar Emperor compare with our civil and military ministers of the Ming Dynasty?"

"My benefactor, will your previous words be exaggerated?"

Zhu Biao looked at Fang Shiyu with confusion.

You should know that from ancient times to the present, the Central Plains dynasty has always beaten the barbarians from all directions. How could civil and military officials be weaker than those barbarians who do not understand education?

This is simply incredible.

"This principle is actually very simple, because the ministers under the Tartar Emperor can do business!"

“Can do business?”

Hearing Fang Shiyu's words, the old men looked at each other in confusion.

What does this have to do with doing business?

Looking at the puzzled expressions of several old men, Fang Shiyu immediately knew that the other party did not understand what he wanted to express, so he continued.

"The ministers under the Tartar Emperor came from all over the world, and Seme people from the Western Regions and Persia had been doing business since childhood. They knew more or less about economic knowledge."

"But my Ming Dynasty's ministers rarely came from the bottom of the class, and most of them were scholarly families who were farming and studying and passed down their families. How could they know about these businessmen? So it is normal not to understand this knowledge."

Fang Shiyu explained with a smile.

"That's true!"

"I understand that."

"Boy Fang, I understand most of the time I say this!"

“…”

After Fang Shiyu's careful explanation, Xu Da and others immediately understood and came over.

Scholars, farmers, industry and commerce.

Although merchants are rich, since ancient times, in the old concept of Yanhuang, merchants are at the lowest level of society.

Let alone traditional scholars such as Li Shanchang, and Wu Lin, who look down on businessmen.

Even Xu Da and Lan Yu, who were not descendants of poetry and books, wanted to work hard to achieve a career, they were joining the army rather than doing business.

Only those Tartars who do not understand poetry and books will reuse those lustful shepherds born by merchants.

Therefore, in the Ming Dynasty, it was normal that there were no civil servants and military generals proficient in business affairs.

"Dare you ask Mr. Fang, how did the ministers on the Tartar side determine whether the banknotes are issued infringement, and how many banknotes should be destroyed?"

After a brief anger, Li Shanchang's reason instantly returned to the high ground.

"Old man Li, Old man Li, you are so smart. I think you are very suitable to be the prime minister of the Ming Dynasty, because you can grasp the key points of my words every time."

Fang Shiyu laughed at Li Shanchang in front of him, while Li Shanchang's face turned a little blue.

Li Shanchang, look at your broken mouth.

Why can't you resist the desire to speak?

In the future, you may die on this mouth.

"Mr. Fang, I hope you can solve my doubts on how these Tartar ministers judged."

Xu Da asked curiously.

If they could also know how much banknotes should be destroyed like the Tartar ministers, wouldn’t the difficulties they are facing now be easily solved?

"It's actually very simple, because the banknotes issued by the Tartars are linked to real business."

"Every time they issue a piece of paper money, they will prepare a piece of paper money denomination in the national treasury. When domestic people need to exchange it, they can exchange it at any time."

"Just go to the Ministry of Revenue to check how much banknotes have been issued, and then take a look at how much gold and silver reserves are in the treasury, and just calculate the difference."

"As much as you get, you will destroy it."

“Isn’t it very simple?”

Fang Shiyu said to everyone with a smile.

So that's that simple.

Everyone suddenly realized.

"According to what Xiaozi Fang said, if my Ming Dynasty treasure banknotes could be exchanged for equal amounts of real money and silver, wouldn't there be any problem of excessive issuance and inflation?"

Zhu Yuanzhang asked excitedly.

Since those barbarians who are not educated can do it, it is impossible for me, a far-sighted emperor, to do it.

It's simply a joke.

Not only Zhu Yuanzhang, but also Li Shanchang and Xu Da are also full of confidence.

What the Tartars could do was not reasonable that the Ming Dynasty could not do it.

Looking at everyone's excited expressions, Fang Shiyu felt that what he said next might disappoint the other party.

"It can be done theoretically, but it is completely impossible to do it in practice."

"Why is this?"

Li Shanchang and others' expressions changed suddenly.

Since ancient times, the Central Plains dynasty regarded itself as the upper states of the Celestial Empire and regarded the surrounding countries as barbarians who were not educated.

But I didn't expect that there are barbarians who can do it now, but they are things that the Celestial Kingdom cannot do.

How could they not get angry?

"Actually, the reason is very simple, there are two reasons."

"The army also has gold, silver and jewelry."

Fang Shiyu bared her teeth and pointed two fingers at everyone.

"If we want to say that the army has gold, silver and jewelry, I also have these two things in the Ming Dynasty!"

Lan Yu said with some confusion.

He was very familiar with the army of the Tartars because he was often defeated by him.

As for gold, silver and jewelry, although there were not many in the Ming Dynasty, there were actually quite a lot.

“It’s just different.”

Fang Shiyu said loudly.

"The Tartars in my mouth are not the Northern Yuan tribes that are now entrenched in the grassland, but the once mighty and arrogant Genghis Khan's troops, and the huge empire he fought."

"The huge empire of Genghis Khan once encompasses the Mongolian Yuan court and the four major Khanates. It has a vast territory. Whether from west to east, from north to south, it will take more than half a year or even a year."

"The nobles of the empire firmly controlled these conquered lands in their own hands through their army."

"The nobles who ruled the local area were either descendants of the Golden Family, or subordinates of Genghis Khan, or because they were related to the Golden Family."

"No matter how the four major khanates fell apart later, the Mongolian Yuan court was always their masters. For the sake of the Tartar emperor, the Mongolian Yuan merchants could have unobstructed access in these places."

"With the caravan and army, the Mongolian Yuan court almost made money from the whole world."

"The army from all over the world ensures that the Tartar merchants will not be in danger anywhere."

"The extremely prosperous business led to the gathering of wealth and goods in the whole world to the Mongolian Yuan court."

"Only by having sufficient gold and silver reserves can the Tartar emperor have sufficient financial resources to exchange banknotes from the people under his command at any time."

"The army, commerce, gold, silver and paper money are linked together. This is the fundamental reason why the Tartar emperor's ingots and exchange of ingots is always the hard currency."

"I want to ask everyone."
Chapter completed!