Borrow the day to change the day

() Wen Tiren replied, "Silver taels are more troublesome than copper coins."

At this time, the people from the Shangshan Supervisor came outside the Wenhua Hall with the food tray.

Emperor Chongzhen signaled, Wen Tiren also found out, so he stopped talking and asked the people from the Shangshan Supervisor to set the table and serve the food.

After all preparations were completed, Emperor Chongzhen said, "You two lovers, let's eat first."

But after a while, Emperor Chongzhen couldn't bear it any longer, and asked, "How troublesome is the silver tael?"

Wen Tiren heard this, put down his chopsticks, and replied sternly: "Your Majesty, besides the troubles of copper coins, silver is much more valuable than copper coins, and even the slightest loss is not a small loss, so weighing is also a big deal. controversial."

Zhong Jinwei ate while listening.Compared with the ancients, modern people just lack the common sense of etiquette and the majesty of the king.

"In addition to the above reasons, there is also the exchange relationship between silver taels and copper coins, which is even more troublesome. The reason is that the composition of silver taels and the composition of copper coins affect the exchange of the two."

Emperor Chongzhen nodded when he heard it. These things may seem small, but they have a great impact on the people.

"Is there any solution?"

"Your Majesty, the Daming banknotes can solve the problem of using silver and copper coins. However, the Daming banknotes have depreciated greatly, so the people still mainly use silver and copper coins, and there is no solution yet."

When Wen Tiren said this, Emperor Chongzhen also remembered that the Daming Banknotes could indeed solve these problems, and they had been issued since the time of Taizu, but because of the rapid depreciation, no one was willing to use them, so it has gradually been used since the Zhengde period. It is no longer issued, and because of this reason, I have ignored the existence of Daming treasure banknotes.

Thinking of this, Emperor Chongzhen couldn't help sighing: "If the Daming banknotes can be as strong as silver and copper coins, it will be the best of both worlds."

Originally, the depreciation of Daming banknotes could follow the example of Song Xiaozong, who used the recycling of Daming banknotes to control its depreciation.But now, no matter whether it is the people of Ming Dynasty or the officials, they don't believe that this paper has any value at all, so no one is willing to use it.Even if the court said it would be recycled, no one would believe it, and the current fiscal revenue was not enough to spend extra silver taels for recycling.

Thinking of this, Wen Tiren secretly regretted that if this strategy is used in the establishment of a country, and it is used for a long time, there will still be these troubles.

Zhong Jinwei had almost finished eating, and seeing this situation, he spoke up and said, "Your Majesty, what I want to tell Your Majesty is about this great Ming treasure."

Oh, it seems that Zhong Jinwei has a solution, and Zhong Jinwei suddenly became the focus again.

"Your Majesty, do you remember that when I first came to this world, I carried a wallet with me. The money in the wallet did not include silver taels and copper plates, but banknotes and bank cards."

Wen Tiren interrupted: "What is a bank card?"

"A bank card is to deposit money in the bank, um, it is a bank, and the bank will write the amount of your money in this card, so it is very convenient to carry around." Zhong Jinwei wanted to explain the bank card in this way. I don't know if they can accept it. Understand, after all, this is the result of technology.

"That's a bank note!" Wen Tiren judged straightforwardly.

"..." Zhong Jinwei was speechless, thinking about it, isn't it really an ancient silver ticket.

"Here, let's not talk about bank cards, let's talk about banknotes first." Zhong Jinwei quickly changed the subject to cover up his embarrassment that he underestimated the wisdom of the ancients.

Emperor Chongzhen and Wen Tiren didn't realize that they had just been despised by Zhong Jinwei, and continued to listen to Zhong Jinwei's explanation.

"Paper money has obvious advantages over physical currency. Mr. Wen made a comparison just now, so I won't talk about it. Now I will mainly talk about how to issue paper money." Zhong Jinwei has a thick skin. Act as a master here.

"The reason why Daming Banknotes have not become the mainstream currency in the market after its issuance is because of the wrong way of issuance."

Zhong Jinwei recalled what later generations saw on the Internet, and said: "After the Ming Dynasty's treasure banknotes were printed, they were directly given to the ministers and the army, and merchants were asked to exchange them with silver taels. Is this the case?"

Not sure, better ask first.

"Yes." Wen Tiren replied cooperatively.

"If this is the case, this Daming Banknote should be worth so much silver taels, but the cost of the Daming Banknote is actually not much. After ordinary people exchange it, if it cannot be used for transactions, it is no different from ordinary paper. However, silver and copper coins are different, even if they cannot be traded, their value is still there, and they can be used to make silver utensils and copper vessels, etc. Isn’t it?”

The vernacular is easy to understand, no one can deny that Emperor Chongzhen and Wen Tiren can understand it.

"Why did the Daming Treasure Banknotes work in the first place? It was because the imperial court forced them to use them. The court said that the Treasure Banknotes are worth consistent silver. But gradually, there are more and more Treasure Banknotes, and I still have a lot of unused ones in my hand. In the end, I received a lot. Well, then I will go shopping around with the treasure bills. Anyway, there are a lot of them, and I can’t spend them all. I do this, you do this, and everyone does it in the end. The end result of doing this is only one , there will always be fewer and fewer things to buy with treasure notes. And it is precisely because there are fewer and fewer things to buy with treasure notes that the common people will become more and more distrustful of treasure notes, eager to sell them immediately, and start buying with treasure notes Things, so, round after round, the treasure is just a piece of paper."

Wen Tiren basically understood the reason for these devaluations, but Emperor Chongzhen did not understand it very well. To be honest, there was no special person in ancient times to study the economic system and laws of currency. The emperor di du of the Ming Dynasty did not understand it very well. , It’s all about printing precious banknotes when money is needed.

"So how do you change the banknotes from paper to currency again? I think now is a good time."

"What do you mean by Uncle Zhongxing's words?"

"The Daming banknotes have not been printed for many years, so the historical burden of re-activating the Daming banknotes will be much lighter. We can take a few steps."

"The first step is to recover the previous Daming Treasure Banknotes, and then destroy them all to get rid of the historical burden."

Emperor Chongzhen shook his head: "The imperial court has no ability to recover the Daming banknotes."

"It's not a one-to-one recycling, you can use the market price to recycle, for example, one tael of silver to recycle thousands of Daming Treasure Banknotes."

Emperor Chongzhen still shook his head. All my silver containers had been melted down as military pay, so there was still extra money to recycle the previously issued Daming Treasure Banknotes.

"Forget it, let's just be foolish. Let's issue another set of banknotes, so that there is no historical burden." Zhong Jinwei thought that the feudal society is still good, even if it is really so foolish, it seems that there is nothing wrong.

"Master Zhong, let's go on."

"The first step is to convene the best craftsmen in the country, use the most advanced printing technology, and the best special paper for banknotes to print banknotes, and try our best to eliminate the possibility of counterfeiting banknotes."

One of the major disadvantages of banknotes is that they are afraid of counterfeiting. People in the Ming Dynasty were well-informed about this.In the past, it was directly stated on the Daming Banknote that the forger would be beheaded, and the arrester would be rewarded with 250 taels of silver, and the prisoner's property would still be given.The punishment for forgery is not trivial.

Therefore, there is no problem with this first step, and both Emperor Chongzhen and Wen Tiren understand it.

"The second step is to establish a reserve system."

I couldn't understand this, so Emperor Chongzhen asked, "What is the reserve fund?"

"The amount of banknotes issued is to reserve as much physical goods. For example, if the imperial court wants to print 1000 taels of silver banknotes, it must have a reserve of 1000 taels of silver."

"Why?"

"In order to establish a credit system for banknotes. The imperial court issued 1000 taels of silver banknotes, and the people worried that the banknotes would depreciate and would not be worth that much money. Then there is no problem, the people can exchange the banknotes for real silver. The purpose of this is So that the people don’t have to worry about the depreciation of the banknotes in their hands.”

"Master Zhong, if you do this, what good will the court do? The banknotes issued have corresponding silver reserves, so it's better to issue silver taels directly."

"Your Majesty, the circulation of banknotes in the market can solve the problems encountered by ministers when they go to restaurants to eat, and reduce a lot of troubles. The people will naturally be willing to trade. Once money is circulated, business development will be more prosperous, and the court will naturally get money from it. More benefits."

There are a lot of things involved here, and Zhong Jinwei is not very clear about it, so he just explained it briefly, but even if the explanation is so simple, Emperor Chongzhen and Wen Tiren are not very clear about the relationship inside, they just see Zhong Jinwei as a matter of course, It seems that the reason is very simple and easy to understand, and there should be no mistakes.

"Of course, this is not the main benefit that the imperial court can obtain."

"What's that?" Emperor Chongzhen hurriedly asked when he heard that the court had greater benefits, and threw aside his chopsticks.