Late Tang Dynasty: I

Chapter 384 The economy is in trouble
Li Ye ordered Kou Yanqing to lead five thousand cavalry to rescue the Bohai Kingdom, and also ordered Li Cunxiao's troops stationed at the Woli River in Khitan to assist Kou Yanqing.

"Bohai Country is a bitterly cold place, so be careful when going to war. Never force a war!"

In a month or two, the temperature in Bohai Country will drop to [-] or [-] degrees below zero. If there is another wind and snow, it will definitely be impossible to fight.

"Your Majesty, the general will know!"

……

On the first day of November in the 11th year of Dazhi, Li Ye brought Jingxiang to Youzhou. According to Jingxiang's opinion, Zhu Meixian, the governor of Jizhou, was appointed as the chief envoy to the east of Hebei Province. The observation envoy was temporarily vacant, and he planned to appoint Yuan Jinghaijun as the military envoy. Wang Su served as the observation envoy of Hebei East Road.

In addition, Liu Feng, the general serving as the chief inspector, served as the chief warship manufacturing inspector of Jiangling Prefecture. Cheng Ru was transferred to Hebei West Road as the chief envoy, and Zhang Chengye was transferred back to the capital.

Sun Wei, the Governor of Youyun Governor's Mansion, was getting older and his health was getting worse. He was dismissed from his position as Governor of Youyun and transferred back to the capital. Du Chongwei, the commander of the Youyun Military Army, was appointed as the Governor of Youyun Governor's Mansion. Governor.

Du Chongwei no longer served as the commander of the Youyongwu Army, and the deputy commander of the army Guo Jiusheng served as the commander of the Youyongwu Army. The Youyongwu Army was transferred back to the capital and was replaced by Li Cunxian's army.

In December Wuji, the 11th year of Dazhi, Li Ye returned to Bianjing.

As taxes were paid into the treasury in summer and autumn, Datang's economy was in trouble.

Sun Kui described the situation in detail in his memorial. This year's taxes were reduced by 300% compared with last year. More than 800 million guan were collected in money, [-] million shi in grain, and [-] million bolts of silk.

The reduction in taxes is not the key. The key is the price of rice, which has dropped to eight cents per dou.

Li Ye made a preliminary estimate. It should be that the production of grain and cloth has increased significantly. There are more commodities, but there is only so much money in circulation. The result is a large increase in currency value.

There are many types of money in the Tang Dynasty. One is the copper coins cast by the government, which are of relatively good quality and weight. They are the most recognized in the market and are also the most valuable.

Second, in the previous dynasties, the copper coins originally made privately by the Jiedushi envoys were often of insufficient quality and weight, and one thousand coins could only be exchanged for [-] official coins.

In the world, there are more iron coins from complex sources, and it often takes two coins to exchange for one official coin.

Nowadays, the currency value has greatly increased, and the disadvantage is that a large number of iron coins are minted by the private sector. Half of the coins in circulation in the world have been replaced by iron coins.According to reports from various places, a skilled blacksmith can make three to four hundred iron coins in one day, and one copper coin in two days.

This is going to kill you.

The fruits of the Tang Dynasty's economy were reaped by these businessmen who made private money for casting iron.

"Your Majesty, copper coins account for [-]% of the national treasury, and iron coins account for [-]%. Some people mix iron coins with copper coins to pay taxes, and some people pay taxes with iron coins. This happens everywhere!"

"Then if you pay with iron money, what's the value of the currency?"

“Most of them are based on the currency value in the local market!”

Li Ye frowned slightly and paced back and forth. It seemed that it was imperative to issue silver and gold coins. Otherwise, the money would not be enough. The Tang Dynasty was short of copper, and copper coins were not enough.

Fortunately, there are military stamps and exchange stamps in circulation, otherwise the money would be even more insufficient.

"What good idea does Sun Aiqing have?"

"Your Majesty!" Sun Kui said: "The imperial court must reiterate the ban, and those who mint coins privately shall be punished with death."

Li Ye nodded. Privately minting coins was a capital punishment at any time, but it would take some effort to catch these people.

"anything else?"

"Melting copper coins!"

　I drove all night, this is all I can do today, please take a day off, I will update tomorrow

　　
　
(End of this chapter)