Ming Dynasty: Domination of the World from the Imperial Examination

Chapter 380 The opposite side of Yin and Yang!

Zhu Biao said: "In your opinion, the most difficult part of this system is to establish credibility at the beginning?"

Xia Zhibai nodded.

He stood with his hands behind his back and said slowly, "When Shang Yang of Qin carried out the Reform, he established credibility by moving trees, and then established the prestige of Qin Law. If the Ming Dynasty wants to establish trust for this system, it must spend real money. Once this system is formed, the Ming Dynasty will benefit greatly from it."

"As the saying goes, you can't catch a wolf without sacrificing a lamb."

"If we don't take out real money, how can people believe that the court is not just trying to get something for nothing?"

"Moreover, the court should not only allow the people to use it, but also encourage and support officials to use it. Most people follow the crowd, and their preferences for things are very obvious, that is, they look at the 'adults' and 'powerful' above them. If these people use paper money, with the powerful and wealthy as vassals, people will naturally flock to it."

"But the Ming Dynasty really can't come up with so much real money in a short period of time."

“So it’s a pilot.”

“That is, test it in one place first to see the effect.”

"At the same time, we can use this to build a certain reputation, gradually reduce the resistance of the people, and create conditions and reduce resistance for future nationwide expansion."

"Let's not talk about this for now."

"At the moment, we haven't even started yet, so there's no point in talking about that."

“The first thing is to borrow money.”

"Right now the imperial court has no money, and most of the localities are not wealthy either. If the imperial court is stingy, it will be difficult for it to maintain such a large amount of copper coins and silver unless it digs deep into the ground. And if it just asks the people to lend money, even if the imperial court offers a high interest rate, it will not be able to raise much money."

"Therefore, borrowing money from the private sector can only be a subsequent supplement."

“It cannot be used as the main one.”

"The only way the imperial court can really make money is still that one."

“Print money!!!”

"However, unlike ordinary printing of money, the future printing of money in the Ming Dynasty must be subject to certain requirements, that is, the money must be tangible. Normally, the amount of money used is based on how much copper coins the court can mint and how much silver it can smelt. But in the future, this can be changed, and it can be..."

Xia Zhibai looked around and said, "The court can mortgage some palaces or some land, and then convert them into money, and then borrow the money from the government office that prints money, but there are actual collaterals and interest."

"Thus."

"The court will have extra money."

"If the court has money, it can invest in more livelihood projects."

"To solve the people's daily concerns such as food, clothing, housing, transportation, birth, aging, illness and death, and to invigorate the world's economy, so as to collect more taxes, and then when the time limit expires, pay back the money, or just pay the interest."

"In this way, the imperial court will have a continuous source of financial resources and continue to make arbitrage."

"But the system can work because it is actually mortgaged by the imperial court's credit. Once the imperial court cannot repay, it means that the imperial court's credit will collapse. At that time, the Ming Dynasty will collapse like a mountain. Therefore, this system requires certain rapid economic development."

"The amount of money to be printed is not decided by the printing office, but by the court after calculation. The final amount to be printed is calculated by another office. The printing office does not care about anything else. They only print as much as the court gives as collateral. When the court pays back the money, the things that the court has received will be returned to the court. How much money can be printed depends on how much money the court can afford to pay back."

"Rather than just thinking of a certain amount."

"As for other government offices that spend money, they must figure out how to maximize the efficiency of the money and maximize the benefits to the court. They are under pressure to pay off their debts. Once they can't pay off their debts, local governments basically can't expect to take any extra actions."

"It is precisely because of these checks and balances that the system can function normally and avoid the collapse of order."

"All of this is based on the bloody historical lessons learned during the Song and Yuan dynasties."

“Learn from history!”

Xia Zhibai said meaningfully. The modern financial system is undoubtedly a nuclear bomb for the contemporary world. Xia Zhibai himself is not sure what consequences and impacts will be caused when it falls, but the economic system of the Ming Dynasty must be changed, otherwise the court will not be able to collect money, and the private economy will be stagnant. Such a conservative society is too depressing.

The lives of the people are really too hard.

The lives of the people of the Ming Dynasty should not only be compared with those in times of war, but should be compared with those in times of prosperity and peace. Not only should they reach those levels, but they should also catch up with and surpass them by far. To achieve this, we must change the current conservative and rigid economic system and stimulate economic vitality in the world.

Water injection is the most effective method.

The whole place was dead silent.

Everyone lowered their heads, thinking about the feasibility.

Weighing the pros and cons.

After thinking about it for a while, they felt their heads were in a mess and they were getting more and more confused. It was like a bolt from the blue, without any signs or precedents. It just suddenly and swiftly poured into their minds.

It confused their entire minds.

They felt it made sense, but couldn't explain why.

They also felt that it was a little too crazy, but they couldn't understand how crazy it was.

The whole person is a mess.

Zhu Tong frowned, and was a little confused, but his way of thinking was still relatively good. If he couldn't figure it out, he would slowly sort it out, one by one, starting with borrowing money, then to institutional reform, then to institutional supervision and prevention, and also to ensuring the normal operation of the entire system.

After a series of brainstorming sessions, he gradually sorted out some ideas.

The originally confused eyes became clear.

He nodded.

His eyes were full of admiration and surprise.

Because in his understanding, this system and the current economic system are completely two extremes.

A moment of silence and a moment of movement.

The current economic system is to respond to ever-changing situations by remaining unchanged. Stability is above all else. There is no need for excessive interference and changes. All that is needed is for the system to function normally. However, the system proposed by Xia Zhibai is different.

He is the other side of the yin and yang.

Full of initiative.

Actively seek change, actively create change, and seek greater returns, thereby ensuring the system's financial revenue, so that the court can have enough money and resources to deal with various emergencies.

He seeks change.

Find opportunities in changes, take the initiative to assume some responsibilities, and solve some hidden dangers in advance.

This is a very positive attitude.

Throughout his reading of history books, this was the first time he had heard of such a proactive and bold idea. It was very inspiring and creative, and it might even bring the world to another level, a more prosperous era than the past.

Also the first time.

Zhu Tong developed admiration for Xia Zhibai.

He could feel that Xia Zhibai wanted to change the world.

(End of this chapter)