The villain powerful minister pitted his tech house

Chapter 197 Song·Goutou military division is coming again~
"Bankrupt?" Fu Xuan looked at Song Shushu.

"It's a fiscal deficit, the kind that can't even afford the minister's monthly salary."

In Chinese history, there really was such an emperor.

In the late Warring States period, King Nan of Zhou listened to King Xiaolie of Chu, and in the name of the Son of Heaven summoned the six kingdoms to send troops to attack Qin. He asked the Duke of Zhou of the West to gather [-] soldiers. Since he had no military expenses, he had to borrow money from rich merchants and landlords, but the Six Kingdoms did not listen to him at all. If he didn't, the money he borrowed would be spent quickly, and the creditors came to collect the debt one after another, so he had to hide on a high platform in the palace.

Later, there was an idiom called high debt.

"Don't worry, we will never reach such a field." Fu Xuan said lightly,

"If the national treasury is empty to a certain amount, taxes will be raised. However, the life of the people will be even more miserable at that time.

Although I am not a Mingjun, I am ashamed to collect life money from ordinary families. "

Hearing this, Song Shushu looked sideways.

A king who can say such words is already very wise.

Can't see it.

Before Song Shushu always thought that Fu Xuan could only gouge.

"Actually, there are other ways to fill the treasury." Song Shushu looked at Fu Xuan, "It must be boring to keep staring at the money of the poor. No matter what era it is, the Matthew effect always exists. 20.00% of the population controls 80.00% of the resources. Although this sentence is not accurate, it has a certain degree of scientific meaning.”

"You mean you want me to get rich people's ideas?" Fu Xuan shook his head, "Nobles, nobles, powerful ministers and high-ranking officials. These people do things for the kingdom, and they don't care about it. How can they do it?"

"That's not what I mean." Song Shushu shook his head, "Wealth in society is distributed according to ability to a certain extent. Many wealthy families have accumulated it with their own hands and the hard work of several generations. It's really nice to do that. It’s called robbing the rich and helping the poor, and to put it mildly, it’s called hating the rich.”

"Then what do you mean?" Fu Xuan asked.

"You can borrow it." Song Shushu said.

"Borrow?" Fu Xuan looked suspiciously at Song Shushu upon hearing this,
"Have you forgotten the story of the high debts you just told? What's more, the emperor represents the authority of a country, how can he borrow money from the people."

"The two are different. King Zhou Nan borrowed money but didn't pay it back. I mean you can issue national debt and establish a bank."

"Treasury bonds? Banks?"

Fu Xuan heard two new words from Song Shushu's mouth.

"National bonds, also known as national public bonds, are creditor-debt relationships formed by the country on the basis of its credit and in accordance with the general principles of bonds, by issuing bonds to the public to raise funds. Issued by the Yu country to the people of the Yu country, it is promised to pay in a certain period of time. Debt certificates of interest and repayment of principal upon maturity."

Song Shushu simply said, "The early issuance of national debt requires the country to have credibility in the hearts of the people, and of course the ability to repay.

As for the bank, you can understand it as an institution that helps people preserve their property.

People can save excess money and set interest at a certain rate. "

It took Song Shushu a long time to explain the two basic economic terms inherited from the ancient earth to the Interstellar Federation in low-level civilizations that had never been heard before Fu Xuan understood.

"I can still understand the national debt, but what is the difference between the bank and the bank note issued by the commercial bank?"

Fu Xuan frowned, looked at Song Shushu next to him,
"Commercial banks exchange bank notes, and depositors still need to pay the store for storage fees. I help the people keep their money, and I still have to give them money?
What are the benefits? "

(End of this chapter)