If I fail to overcome the tribulation, I can only return to the Ming Dynasty and become a prince.

Chapter 59 Father and son are homeless

Zhu Zhanquan asked Sun Shouzhuo about whether his salary and the people's money were enough. Of course, this was not a temporary idea, but to help his fat father.

While Zhu Zhanquan was busy building a military camp and training troops, the court finally came to a conclusion. Zhu Gaochi's proposal to establish a new treasury has passed the court meeting, and Fat Dad will work with the Ministry of Household Affairs to establish a new treasury. Qianku, a policy measure will be piloted in Yingtianfu for one year. After confirming that there are no problems, it will be extended to the entire Zhili Province, and then implemented nationwide three years later.

Therefore, Zhu Gaochi was also very busy during this period and had no time to go fishing in the Qinhuai River.

But formulating policies does not mean coming up with a good idea and then thinking it’s awesome and then implementing it.

Just like industrialization, there is neither technical foundation nor market demand, nor does it take into account the impact of industrialization on existing social and economic relations and its impact on the people. Industrialization cannot be achieved blindly.

The establishment of a new money bank can be understood as the establishment of an independent new central bank to absorb the idle physical gold and silver in society by issuing new currencies, thereby solving the problem of depreciation of the country's existing currency 'treasure notes'.

However, its establishment must take into account the current social situation of the Ming Dynasty, and cannot just copy the things of later generations, which will be acclimatized.

To give the simplest example, the currencies of later generations are no longer linked to precious metals such as gold and silver, and the gold standard and silver standard are no longer used. That is, banknotes can no longer be exchanged for physical currency, but they can still circulate normally.

This was done when Zhu Yuanzhang first issued the treasure banknotes, but this does not mean that the treasure banknotes are the same as the banknotes of later generations.

Strictly speaking, the Ming Dynasty Baobao was a tool issued by Zhu Yuanzhang in a short period of time after the establishment of the Ming Dynasty at the expense of overdrafting the country's reputation to control market prices. It itself has certain monetary attributes and is indeed performing its duties. It functions as money, but it is not money in nature.

The value of Ming Dynasty Baobao lacks support in the sense of national fiscal credit, and the issuance of Baobao is neither linked to national finance nor to private market demand.

To be more precise, Baochao was a political tool used by Zhu Yuanzhang to suppress the wealthy merchants and gentry groups in Jiangnan and control private currency exchanges at the time. However, it appeared in the form of the national legal tender at that time.

The difference between the two is like an old hen and a pilot. One ancestor could fly and the other could fly a plane.

The same goes for setting up a central bank in the Ming Dynasty. Although it is not impossible to use the modern banking method, it is not necessary.

This is just like using programmable ammunition on the battlefield of World War I. It's not that it can't be used, but it's not necessary.

In particular, modern banks play with credit money. If you want to play this way in the feudal dynasty, you need to build a complete financial system. Otherwise, it will be easy for people to take advantage of loopholes and be used by people with ulterior motives.

At this time, an early bank can actually solve most of the problems.

However, even if it was only an early bank that wanted to be established in the Ming Dynasty, and assume the functions of issuing and exchanging currency, and serve as the national central bank under the silver-standard financial system, there are still many places that need to be adjusted according to the actual situation.Understanding the real needs of the market and society is the most important part.

The people who need to use currency in the Ming Dynasty are mainly officials, businessmen and ordinary people. Among them, the ordinary people have the lowest demand for banknotes, because in daily life, ordinary people have very little wealth in their hands, and many people may not be able to use silver throughout their lives. For transactions, having copper coins or a certain amount of small denomination banknotes can solve most of the money needs in life.

Even more often, people in the feudal dynasty still retained the traditional trading method of barter. This happened in the early days of the Ming Dynasty when Zhu Yuanzhang first issued treasure banknotes.

But now, because the imperial court has banned copper coins and silver, the value of treasure banknotes has depreciated sharply, and many places have even resumed barter transactions.

In this case, it is not enough to just stabilize the currency value of the treasure banknotes. What is more important is to make the people trust the currency issued by the court again.

It is precisely because of this that Zhu Zhanjun needs to figure out what the biggest needs of the people and the market are now, so that he can be targeted.

However, he had already completed the investigation during this period, so he didn't delay much and planned to go back to the East Palace to have a good chat with Zhu Gaochi.

However, Zhu Zhanjun, who had just returned to the East Palace, was stopped by his mother, Crown Princess Zhang, before he could go to his fat father, Zhu Gaochi.

"It's okay if your father is busy with state affairs all day long and doesn't come home. If your eldest brother doesn't learn how to live outside and be embarrassed, I can't help it. Why is it that now even Zhan Yuan is as shameless as your father and your eldest brother and doesn't come home? Co-authored This house belongs to me alone, so don't come back!" Mrs. Zhang was very angry. She scolded the father and son at Zhu Zhankun, and finally said in anger: "Especially you! Those businessmen What’s going on? You’ve only been out for a few days and you’ve already learned how to collect and donate money?”

"Mom, you didn't drive them away, did you?" Zhu Zhanjun heard Zhang mention those businessmen and asked her with concern.

Although Zhu Zhanjun knew that Zhang, who could leave a virtuous name in history, was not short-sighted, he was still worried that Zhang would anger those businessmen and drive them away.

Fortunately, Mrs. Zhang rolled her eyes at her son angrily, and then said: "Why do you think I'm stupid for your mother? I can't even see this. I'm just angry that you, father and son, all have families!"

"Mom, please calm down. I know my eldest brother lives outside. What's going on with dad?" Zhu Zhanjuan hurriedly comforted Mr. Zhang. Although he knew what was going on with Zhu Gaochi, he still had to pretend to be stupid at this time.

Seeing Zhu Zhankun ask, Mrs. Zhang couldn't help but sigh and said: "Hey, your father is not busy with state affairs! When he was in charge of the state, he was often busy living in the palace. It's not easy to hand over the errands of the state." Now that he has been able to have a good rest for a while, your grandfather asked him to prepare some new money bank again. Now he stays at the Ministry of Revenue all day long and does not come back until very late every day. Sometimes he does not come back at all.

You have received a military training mission again, and you are busy outside the city. Zhanji, an unfilial son, lives outside again. I am the only one left in the house. Do you think I can not be angry? "

"Mom, please calm down. Isn't there nothing I can do about it? I haven't done any military training, and the military camp is going to be built again, so I can only watch at the construction site." Zhu Zhanquan comforted his mother and saw her calm down. After a while, he then asked again: "Mom, how did you deal with those businessmen?"

(End of this chapter)