The Fourth Lingshi Financial Crisis

Chapter 246 The Strange Middle Ages

Li Qingyang is worthy of being a master of cultivation economics, this question caught Yang Lu on the spot.

Although the social activity of the cultivation world in Kyushu is only a few tenths of that of the earth, the history of the cultivation world has a history of millions of years. Why hasn't the cultivation world developed a highly developed financial theory in such a long time?

With the two civilizations paying great attention to the study of financial theory, no matter how slow the development of the cultivation society is, the development level of its financial theory should not be lower than that of the earth!
So Yang Lu asked honestly: "President Li please enlighten me!"

Li Qingyang just shook his head and said: "I don't know either... I once asked President Lu why the cultivators in the Middle Ages could use Lingshi as currency, and there was no financial crisis for hundreds of thousands of years, while the modern Lingshi financial crisis Round after round of outbreaks, President Lu just smiled and said nothing. Obviously he knew the answer, but he didn't want to tell me."

Lingshi has the attributes of consumables and easy hoarding. Whenever the consumption of Lingshi increases for a certain period of time, and the cultivators realize that the price of Lingshi has increased, they will start hoarding Lingshi like how rich people on the earth hoard Moutai. Hoarding will increase the price more rapidly. If spirit stones are used as currency, such drastic value fluctuations are enough to paralyze any commodity economic system.

But this is not to say that Lingshi must not be used as currency.

Ancient China has never established a stable currency system. Not only are most of the folk economic activities carried out in the form of barter, but sometimes even the army’s military pay has to rely on farmland, salt, and local collection of grain. Even if it is an official currency, it will often be reduced to a tool for cutting leeks within a few years. Even when Zhang Juzheng of the Ming Dynasty reformed a whip method, the national finances could not realize currency revenue and expenditure.

Strictly speaking, currency is the bottom support of the financial system, and its core function is to improve the operating efficiency of the economic system.

If a carpenter wants to eat fish, he doesn't need to find a fisherman who has just caught fish and needs wooden furniture. He can make furniture for another person in need in exchange for currency, and then go to the fisherman to buy fish.

In other words, through currency as a medium, producers and consumers no longer need to be precisely matched, thereby increasing the specialization of social division of labor, and the improvement of social division of labor and specialization will make civilization more prosperous.

Without a stable currency environment, it means that the efficiency of social operation and the level of division of labor are low, the commodity economy cannot develop, the common people are cut leeks back and forth by the violent fluctuation of currency value, and the social governance at the grassroots level is seriously poor.

This level of rottenness is nothing to the feudal society where rottenness is everywhere.The so-called small-scale peasant economy is actually due to the lack of division of labor and cooperation in society, which leads to the need for a family to master all the necessary skills to survive at the same time.

However, even the so-called "low-level social balance" of the ancient feudal dynasties would inevitably collapse again and again, and be overthrown and restarted in troubled times and military disasters.

But the most strange thing about the Kyushu cultivation world in the middle ages is that it has been running continuously for hundreds of thousands of years, and there is no record of a large-scale Lingshi financial crisis.

This is very outrageous.

We must know that the level of social division of labor in the Kyushu cultivation world is not backward at all, and the productivity is far superior to that of the ancient feudal dynasties on the earth. It is not enough for a cultivator with a big fist to operate a fantasy and majestic mountain city like Tianshu City. To achieve this, there must be a professional social division of labor system and a highly developed commodity economic system as support.

For example, the metal building materials of Tianshu City may come from Luanshi City, the bricks may come from Qingyun City, the food supply may come from Luoxia City, the transportation and distribution may be handled by the Haiya Chamber of Commerce, and the urban sanitation is outsourced to the local chamber of commerce. The paper products of China also need suitable currency to be marketed throughout Zhongzhou.

If there is no stable currency system, the product supply chain of the entire Tianshu City will collapse in an instant. Even if a cultivator has the ability to move mountains and fill seas, you cannot expect a cultivator to burn bricks, dust, farm land, pick shit!

However, according to the historical records of the world of self-cultivation, the Kyushu world of self-cultivation in the middle ages was really such an idyllic world, with magnificent fairy cities, hidden sects in deep mountains and old forests, and monsters and beasts walking around at night with ghosts everywhere. The den, everyone is running in a stable state like this. There are neither management difficulties nor supply chain problems. The Lingshi currency system is also quite stable. I have never heard of such a thing as the Lingshi financial crisis.

In the world of cultivators in Kyushu in the Middle Ages, the only social conflict seemed to be killing people and seizing treasures. Apart from fighting, cultivators didn’t need to study any sociological knowledge at all, and they could still manage their sects in an orderly manner.

Therefore, the question Li Qingyang asked was exactly what Yang Lu couldn't understand.

Comrade Marx told us that well-developed productivity must match well-developed production relations. It is impossible to say that the productivity of the cultivation world has far surpassed that of the earth's feudal dynasties, but the production relations are still the same as the ancient feudal dynasties.

In Yang Lu's view, the current production relations in the cultivation world of Kyushu are the production relations that can match the actual economic fundamentals of Kyushu. The idyllic world of the cultivation world in the middle ages should only exist in certain earthly novels It is simply impossible to operate stably in the real world for hundreds of thousands of years, nor can it support the current prosperous cultivation civilization.

If a civilization could operate so casually, it is estimated that the earth civilization would have realized communism long ago.

And now it seems that this question is not without an answer. My time-traveling senior should know the truth, but the question is, why didn't President Lu tell Li Qingyang the truth...

As Yang Lu fell into deep thought, the entire Baiyu Pavilion fell into silence.Seeing that Yang Lu didn't speak, Li Qingyang took the initiative to say: "Although President Lu didn't tell us the truth, Bo Nanke and other cultivation economics seniors have put forward some conjectures. According to senior Bo Nanke, in the second crisis of heaven and earth Previously, Kyushu Tiandao should be able to automatically adjust the output of Lingshi veins according to the actual demand for spirit stones in the comprehension world, but with the outbreak of the Heavenly Dao crisis 7000 years ago, our Kyushu Tiandao suffered irreversible damage, resulting in an automatic production of Lingshi. The adjustment mechanism completely failed, which led to the outbreak of the Lingshi financial crisis in the Kyushu cultivation world."

What theory is this?
Tiandao intelligent money printing machine theory?

Yang Lu said in disbelief, "Do you think... Senior Bo Nanke's conjecture is possible?"

Li Qingyang shook his head and said: "I used to think this was the real answer. Although it couldn't explain all the problems, it did explain some of the problems. But I used this conjecture to test President Lu, but President Lu's attitude towards this conjecture is very I don't take it seriously, I even feel that he still wants to laugh a little bit, but he stifles it..."

"This at least excludes a wrong option!"

"I can only comfort myself in this way. After all, my life has come to an end. No matter how many thoughts I have, I still have no chance to personally uncover the truth behind the history of the Kyushu cultivation world!"

(End of this chapter)