my wonderful zoo

Chapter 248 Warm water boiled frog

Before paper money replaced metal currency, the weight and quality of various metal currencies varied, and their purchasing power was also different.

For example, coins issued by the same country in different years have different values.

The exchange of copper coins, silver, and gold is also a big problem. The government essentially only recognizes copper coins as official currency, and does not recognize gold and silver currencies. This is just because precious metals naturally have monetary properties and are much lighter than copper coins, so they are subject to large-scale transactions. Favored by businessmen, it has gradually become one of the commonly used currencies.

In order to exchange copper coins, silver, and gold, ancient gold and silver shops often served as currency exchange functions.Merchants, in particular, had a lot of currency and used it in large quantities. They often went to gold and silver shops to exchange money, which gradually gave birth to industries such as banks and banks.

Because it was inconvenient and unsafe to carry a large amount of metal currency, over time, banks and banks developed a safekeeping business, where deposits and withdrawals were made based on vouchers.

It's clear here.

The money is stored in the bank, and the bank provides custody services.Since it is a service, of course there is a service fee.

Therefore, in this era, money stored in a bank not only earns no interest, but also charges fees.This phenomenon is essentially caused by the underdevelopment of the financial industry in this era.

Banks collect depositors' money, and most of it is really just stored, and only part of it will be used to run their own industries and make profits.The proportion of lending to earn interest is not high, mainly because the cost of debt collection is too high and the risk of bad debts is too high.

When the military government's bank opened, Chen Xun adopted a relatively conservative measure to absorb savings, which was to keep it for free and open an account with just ten cents.

However, the expected saving frenzy did not come. Ordinary people who are not wealthy enough still feel more comfortable hiding their money in their own homes.For wealthy businessmen, they have long-term cooperative banks and will not take the risk of changing banks for a small savings fee.

The military government's governance was indeed loved by ordinary people, but it was not loved by wealthy businessmen and gentry.

Looking at the empty bank, Liu Yu was really worried.

There is a intention to open a savings account for all public officials of the military government, but with the current technical strength of the bank, if so many accounts are really opened at once, it is estimated that the accountants of the bank system will be crazy busy for more than a month.

Moreover, this kind of falsely opened account is of no use. It will only increase the workload of bank accountants and cannot produce substantial benefits.

"Captain, would you like me to organize some wealthy businessmen to take the lead?" Liu Yu came up with an idea.

"It's a good idea. With those big businessmen taking the lead to save money, others won't have anything to worry about." Lu Hui praised.

"Have the businessmen who have been doing business with our military government for a long time not come here to open an account?" Chen Xun disagreed and asked another question instead.

"Yes, but not much." Liu Yu replied.

"Haha, it seems we are not very popular!" Chen Xun sighed with a smile.

"It's all because our taxes are so accurate." Liu Yu mentioned a "bad government" that businessmen hate deeply. Using the word "accurate" is already very euphemistic.

In the eyes of those businessmen, the military government is truly a plucking of the goose's feathers, unable to get in the oil and salt.

"Forget it if no one comes to save money. We didn't open the bank to collect savings anyway. Let's finish the business first and then think of a solution slowly." Chen Xun did not intend to use the trump card of "saving money for interest" right now.

Because the military government is still in the development stage and its territory has not yet been stabilized, relying on its current reputation and resorting to the trick of "depositing money with interest" will only make the people think that the military government is cheating money, and the effect will be very poor.Moreover, the military government is not short of money now. Even if it is short of money, it can still borrow money by forcibly issuing bonds on a small scale among wealthy businessmen.

"Looking at the current situation, are we really going to issue banknotes this month?" The cold reception of the bank's opening made Liu Yu a little less confident.

"Relax, have you ever heard of boiling a frog in warm water?" Chen Xun asked.

"No." Both of them shook their heads at the same time.

..., embarrassed, Chen Xun forgot when this allusion started, so he could only explain this sentence first, otherwise he would not be able to shake off the burden: "Put the frog into the water with a relatively high temperature, and the frog will not be able to bear the sudden shock. Stimulated by the high temperature, he immediately jumped out of the water and successfully escaped."

"But if you put the frog into a pot of cold water first, and then heat it very slowly, the result will be different." Chen Xun said that there was a twist here: "Guess what will happen?"

"Yes..., the water is too hot, so it will naturally jump out." Lu Hui replied.

"I don't think so. I remember that after my previous training session, if I kept training, I would be tired but not in pain. But if I stopped to rest or wait until the next day, I would be very sore." Liu Yu felt Chen Xun would not ask a question with such an obvious answer, so the result must be contrary to common sense: "So the frog may die."

"Clever!!" Chen Xun gave Liu Yushu a thumbs up: "The frog was comfortable in the water because the water temperature was comfortable at the beginning, but when it found that it couldn't stand the high temperature, it was already exhausted and would be unknowingly trapped. Boiled to death in hot water.”

"Then what?" Lu Hui was a little confused as to why Chen Xun suddenly told this story.

"I am telling you this to tell you that people are the same," Chen Xun said.

"People are more likely to accept small changes, but when many small changes accumulate, they will cause qualitative changes. When people react, they will find that the changes have already exceeded their initial bottom line."

"There are even some people who are not aware of this qualitative change in the end."

After Chen Xun finished explaining, Liu Yu was the first to react: "I understand, I understand why you chose to issue new copper coins first instead of issuing all the new coins together."

Chen Xun gave Liu Yushu a thumbs up again.

"So we first issued metal copper coins last month. After the people get used to the new money, it will be easier to accept it when we issue banknotes this month." Liu Yu applied this concept very correctly.

"What you said is pretty much the same. In fact, if we slow down the process to one year, we can hold the contents silently. Two months is still too hasty." Chen Xun felt a little regretful.

In the final analysis, the power of the military government has developed too fast, and new problems have emerged one after another, making people overwhelmed.

"So you chose to start with salaries when issuing new money this time, how wonderful!!" Liu Yu couldn't help but applaud a few times.

"Is there such a big truth in this?" Lu Hui looked confused: "I used to think that it was because new copper coins were minted quickly, so the copper coins were issued first last month, while the paper currency was minted slowly, so it was delayed. This month."

"Ha ha ha ha!!"

(End of this chapter)