Qiming 1158

Chapter 1239 At least 50 Guan is enough
Open India Jiaozi?
Hearing Zhao Buxi say this, Jiang Fu was stunned.

It is true that Kaiyin Jiaozi is indeed a solution to the problem. As long as you open and print Jiaozi, you can get a lot of Jiaozi. Jiaozi is just a piece of paper, and the court will not lack paper for printing money.

After printing the Jiaozi, you can get a large number of Jiaozi representing coins and send it out to alleviate the crisis.

However, this is temporary, and it can even be said to drink poison to quench thirst.

The problem is not that Jiaozi itself, but that Jiaozi corresponds to the same amount of iron money.

If the economy is to run smoothly, as much iron money can only be issued as many handicap coins, or a little over-issue is not a big problem. Appropriate inflation will not lead to the collapse of the economic situation, but will also give people a kind of feeling. A sense of economic prosperity.

However, if the imperial court itself had financial difficulties and did not have so much iron money, it had to print more Jiaozi, so that these Jiaozi could not be exchanged for the iron money of the face value of Jiaozi, then the problem would arise.

Jiaozi that cannot be exchanged for iron money is just a piece of waste paper. A piece of waste paper is meaningless. Too much Jiaozi will only cause the collapse of Jiaozi and the collapse of the imperial court’s reputation. of iron money.

Then it's a waste of time.

In the past history, due to the chaotic operation of the imperial court, the banknotes of Jiaozi, including Huizi, have depreciated and collapsed many times, so that the people's views on banknotes have never been very good, and they feel that banknotes are unstable in their hands. Only real money is the safest.

But if only a few...

Maybe.

So Jiang Fu was stunned for a moment, then he felt that he knew what Zhao Buxi was thinking, so he nodded.

"If it's just tens of thousands of dollars, it's not completely helpless. The imperial court only needs to keep a little bit, slowly control this batch of confederates, and don't use it all in one go, and the situation can still be maintained. At that time..."

"How can tens of thousands of guan be enough? At least 50 guan, right?"

Zhao Buxi interrupted Jiang Fu's words, and immediately said: "How can a small number be enough? What's the use of tens of thousands of guan? Without 50 guan, can the court have enough money to tide over the difficulties?"

"what?"

Jiang Fu was stunned.

50 guan?

Did I hear it wrong or did Zhao Buxi say it wrong?
Didn't he know that in the past, Chuan and Shu used to cast iron coins that were only about [-] guang?
50 guan?

Jiang Fu tentatively opened his mouth and said: "Your Majesty, in the past, the amount of iron coins minted in Sichuan and Shu was only around 50 guan, and Jiaozi was also printed and issued as a set, with [-] guan coins? This... Your Majesty is talking about five coins. Wan Guan?"

"50! I said it! 50! You heard me right!"

Zhao Buxi frowned and said, "[-] guans is only enough to deal with the army once, how many more times? Isn't the court still out of money? In the current situation, the only support for the court is the army. If the army is dissatisfied with this, What else can we do?
I feel that even 50 coins are not enough, and maybe hundreds of thousands more will be printed in the future. According to the current state of official corruption, I don’t know how many tens of thousands of coins will be produced if I put down [-] coins. Put it into practice. "

Jiang Fu was stunned.

The land of Sichuan and Shu, which only mints about 50 guan iron coins and flows into the market every year, suddenly squeezes in about [-] guan of iron coins...

This……

Jiaozi is going to be abolished, right?
Everyone is not a fool. At the beginning, these Jiaozi may be useful, but it takes a little longer to let the market react. The market will be very keen to find that Jiaozi is over-issued and the amount of iron money has not increased. As a result, Jiaozi’s The value will drop.

After a while, Jiaozi will collapse. People who have never trusted Jiaozi will immediately exchange Jiaozi for iron money and abandon Jiaozi directly. This panic action will further break down the value of Jiaozi. .

Jiaozi has become a waste of paper, everyone in the market is collecting coins, everyone is in danger, and they do not accept any transaction methods other than coins.

At that time, the entire economy of Sichuan and Sichuan will have a crisis and will directly enter a state of deflation.

There is a military crisis on one side and an economic crisis on the other, so the outbreak of the political crisis is just a matter of time. As an official with an economic background, Jiang Fu does not think that Zhao Bunyi did not foresee this.

"Your Majesty, it's not impossible to reward soldiers with a seal, even 50 guan, but if it's [-] guan, the consequences of doing so...Your Majesty must be very clear that this is a one-time method, and once used, it will be used forever. Once it suffers backlash, the imperial court will be very passive, and there will be no way to fight back in the future."

Zhao Buxi had a gloomy face, pondered for a while, and nodded slowly.

"Of course I know, so I plan to use this last chance to gamble and take a big one. As long as the bet is won, we will be another village."

"big?"

Jiang Fu was stunned and said, "Does your majesty mean..."

After a while of doubt, Jiang Fu suddenly opened his mouth wide and took a deep breath.

Jiang Fu understood what kind of calculus Zhao Buxi was playing.

As banknotes, Jiaozi was originally a private pass issued by thirteen wealthy merchants in Sichuan and Shu during the Northern Song Dynasty. It was only born for the commercial trade in their system. However, the advantages of Jiaozi were too obvious, and those who were willing to accept it. More and more.

When the government of the Northern Song Dynasty saw that the banknotes were very interesting, they enacted legislation to bring Jiaozi to official issuance, and Jiaozi completed the transition from private to official Jiaozi.

However, although the issuance rights of Jiaozi were collected by the government, the exchange business was not completely owned by the government. Although the officials of the Song Dynasty set up some government-run institutions to operate savings and banknote exchange businesses, those institutions that were only set up by the government were obviously insufficient. to meet the needs of the people.

Therefore, some well-known and reputable people in the local area will also open private financial institutions such as Jiekuo and cashier shops.

Jieku and Duiben shops have the characteristics of some private banks. They can be regarded as early banks. They are also engaged in financial services such as absorbing savings and lending out to meet the needs of the people.

Jiang Fu himself is one of the beneficiaries of these private savings institutions.

Jiang Fu lost his father early, and the family relies on his mother to support him. His mother was hard and tired and could not earn enough money. Seeing that he had no money for his studies, Jiang Fu had to give up his studies and go out to make a living.

At that time, his mother asked the clan for help, and a distant uncle of Jiang Fu, who was a wealthy businessman, admired Jiang Fu's talent, so he saved a sum of money in a warehouse in Jiang Fu's hometown as a cost to fund Jiang Fu's studies. .

Later, Jiang Fu's mother drew a sum of money from the library every month as the cost of Jiang Fu's study. Jiang Fu's family life was a lot easier, and his mother didn't have to work so hard.

Relying on this funding, Jiang Fu gained fame and became an official, and then gave rich returns to the distant uncle who sponsored his studies.

Therefore, these private financial institutions are still of some significance. They can also use interest to attract many savers to save on weekdays, and can accomplish many things.

In Jiang Fu's view, Zhao Bunyi's idea is very simple, that is, to transfer the financial risk to the private warehouses and cashier shops, and the imperial court can obtain a huge amount of coins in this way to replenish the national treasury.

The power of Yinjiaozi is in the hands of the imperial court. The imperial court only needs to open the Jiaozi, and then throw the Jiaozi out. Taking advantage of the prosperity of the private exchange business and the cumbersome official exchange business, it will greatly squeeze the money exchange business of Jiaozi. Pressing down on the people, hollowing out the coin savings of the people, transferring risks for the imperial court.

If the operation is good, the court can solve the problem of using money for a while,
But for folks...

That would be doomsday.

(End of this chapter)