open sea

Chapter 572 Markets
Hey, how dare you say that!
Under normal circumstances, sensible officials would not dare to talk nonsense in such a situation, let alone put forward their own 'shallow opinions', even dare not say whether there is a problem.

Even if Chen Mu was allowed to listen, in fact, neither Zhang Juzheng nor Wang Guoguang expected him to come up with any good ideas, and if he could think hard and say a few words, he would be regarded as a talented and practical person.

As a result, no one expected that Chen Mu not only pointed out the problems he thought, but also proposed solutions.

Zhang Juzheng was noncommittal and ignored Chen Mu, but Wang Guoguang was very interested in what he said, so he repeated: "A bank?"

This is not a new word, but it deviates from the meaning of the bank that Chen Mu wanted to express. In this era, the word bank is mostly used to express the craftsmanship of silver shops, referring to industries, such as wooden shops, iron shops, horse shops, banks, etc. Therefore, Wang Guoguang really didn't understand the relationship between this 'bank' and the economic collapse caused by curbing the imperial money law.

"Yes, a bank, or a bank, but the national bank that I will talk about next is called the National Bank." Chen Mu thought for a while, and still stated his intention, saying: "The imperial court will issue banknotes."

As expected by Chen Mu, Zhang Juzheng and Wang Guoguang both leaned on the back of the chair at the same time when banknotes were mentioned, shook their heads slightly, and the decree lines on their faces drooped. The issuance of paper money today is just another money chaos."

"No one in the imperial court knows that the banknotes that Jing Haibo said are good, not to mention easy to transport, as long as they are printed, they can be used as money, and the imperial court can print more money if they don't have enough money, and they don't have to bear the stigma of adding taxes."

Wang Guoguang was born in the seventh year of Zhengde. When he was born, treasure banknotes had already lost their circulation value among the people and no one used them. It can only be seen in the hands of those who collect antiques.

"Precious banknotes are good, but the disadvantages of excessive issuance are hard to avoid. It's not that I haven't thought about reopening precious banknotes, but this method of money is not easy-Mr. Shi Ting, the Western Minister of your Beiyang Yamen, did not I just played the handbook and minted copper coins to meet the urgent need. I had to cast tens of millions of copper coins. At that time, the old man was also in the Ministry of War, but in the end only 3000 million coins were minted, which made him worry about it."

Wang Guoguang shook his head slowly, and said: "Coin minting and money printing are closely related to the imperial revenue and the world's prices. A little carelessness may look like a collapse of the money law, but in fact the people's grievances will shake the foundation of the country. Don't be rash."

The Mr. Shi Ting he mentioned was the name of Yin Zhengmao. Chen Mu nodded fiercely when he heard the words. He was more than just brooding. Mr. Yin has held back his dream of making money for so many years since his application for coinage was rejected, and now he is holding back his skills to currency The war is on!

However, none of the ministers who have achieved high positions through internal competition has earned their reputation. Wang Guoguang has found the relationship between currency and prices, but he didn't want to think about reissuing banknotes.

"The old man has read the banknotes of the previous dynasty, and found that the difference between the treasure banknotes of the previous dynasty and our dynasty is only one point. There was enough silver and silk in the Yuan Dynasty. In the Song Dynasty, Wen Yanbo said that he issued 300 million Guan Jiaozi, and prepared 200 million coins; Shen Gai later advocated that as long as the copper coin and Jiaozi are stable, the other will not depreciate greatly.

"People say that it is the method of replacing all things, and the most precious is to believe it."

"Regardless of the Jiaozi, Qianyin, and Huizi that were prepared with money in the Song Dynasty, or the precious banknotes that were prepared with silver and silk in the Yuan Dynasty, they all ended up indiscriminately opening seals when encountering wars, embezzling reserve funds, and money laws were chaotic. As a result, the people have no means of living and eventually the country perishes—when I issue banknotes to Emperor Taizu.”

Wang Guoguang suddenly couldn't continue. He lowered his head slightly, licked his dry lips, sighed softly, raised his head and simply skipped over this paragraph, with a solemn expression, he said: "I am going to depreciate the 60 years of the treasure banknote." Thousands of times, back to the old way of using copper coins, and now that the folks are flooded with silver, how about issuing paper money at this time?"

Chen Mu saw Wang Guoguang's embarrassment, and he also knew why Wang Guoguang was embarrassed, because Emperor Taizu did not prepare any reserves for the Daming Treasure Banknotes, gold, silver, copper coins, grain, nothing in the treasury, From the very beginning, Daming Banknotes were currencies issued purely with authority.

The decoupling of the U.S. dollar and gold is still a matter of the 600th century. Zhu Yuanzhang used his personal prestige to complete this matter [-] years ago, and it has been in circulation for hundreds of years.

"Elder Ge, Master Butang, the issue of treasure banknotes at the beginning of the country was short of gold and silver, and we have no shortage now." Chen Mu was very proud when he said this, and said: "Not only is there no shortage, but the younger generation is also afraid that there will be a huge amount of silver in the future. The influx into the country caused the depreciation of silver, Japan’s Iwami Silver Mine, regardless of whether the flames of war could reach there in the past two years, has been dug intermittently; one of the goals of the Eastern Army’s expedition to America was to find silver mines.”

"Nowadays, Ming Dynasty's productivity is increasing rapidly. Nanyang has three markets of 300 million people in Java, Annan, and Myanmar. Counting the countries, the number exceeds [-] million. These markets already belong to us..."

"Wait a minute."

Zhang Juzheng, who had been silent all the time, interrupted Chen Mu, turned up his palms to show to Wang Guoguang, and said, "Tell the prince about productivity and the market."

"Oh, good!" Chen Mu suspected that Zhang Juzheng didn't understand, but he didn't dare to ask, and said to Wang Guoguang kindly: "Productivity, the ability to produce goods, used to have manpower, animal power, and water power. It takes four to five months to weave a piece of cotton yarn, spinning, dyeing, and weaving. Later, there is a division of labor. Some people specialize in rubbing cotton thread, while others specialize in dyeing. It only takes more than one month for this machine to weave a piece of cloth. This is the division of labor in the industry. Improve productivity."

"The Guozhong Bazaar is a market, and it's still this mechanic. In the past, three bolts of cloth were collected in the marketplace; now the people in their neighboring villages can weave ten bolts of cloth a year. The price of local cloth is low, and no one buys it. If he can’t sell it, he won’t weave it. Then we need a bigger market, and we need traveling merchants to come to his door, collect his cloth every six months, pay taxes along the way, and sell it to farther places.”

"Mechanics earn money and build houses to eat; merchants earn money and pay taxes and expenses, all of which drive local circulation. The government can also receive more taxes, and the court can provide disaster relief, raise and train troops, and build water conservancy projects."

"Now there are steam engines. In a textile factory of 320 households in Xiangshan, [-] steam engines drive [-] looms. Only [-] mechanics are needed to produce more than [-] pieces of cotton cloth a year. The entire Xiangshan and Guangzhou prefectures are like this. The productivity It has been increased by four times, and if there is not so much cotton cloth sold locally, a larger market is needed—overseas market.”

"The land of Java is the same as that of Luzon. Because of the fertile volcanic soil on the island, there are 300 million people. In fact, they don't even have a country. Hundreds of ministries, big and small, fight all year round. Annan's customs are similar to mine, but poorer. The land is fertile. There are 300 million people; Myanmar is similar to Annan, but it is also poor, the land is also fertile, and there are 300 million people, and there are scattered millions of people in the Southeast Asian countries—all are dumping markets.”

"Our merchants didn't care what they sold in the past. They were short of everything and would buy it."

Wang Guoguang frowned and asked, "Since the land is poor, what can I buy?"

"They are poor, but there are mines in some places, such as gold and copper in Luzon, pearls in Sulu, and iron in Annan and Myanmar. Even if there is nothing, people are wealth. We use wood as currency, and they will log; we If they use ore as currency, they will go to mine; even if they don’t need these, they can still grow rice and cotton for the court.”

"When these markets are saturated, there will be a place called India in the west, and there will be fewer people there than in Ming Dynasty. It’s awkward, don’t convince him, don’t talk to us well—there are also Ottoman and European countries, which are also poor ghosts.”

"This world is full of Ming's market. How much Ming can earn depends on how much Ming can make; how much Ming can make depends on how much Ming's productivity can be improved; the more Ming's productivity is improved, the richer the people are, and the more stable the country is. "

"As for the bank, the imperial court can use it for many years to try it out. First, it will be circulated by the government to re-establish credit, and then allow the private sector to enter. For example, set up banks in the capitals of each province, and the people can pay their taxes and taxes. The silver is collected by the government and then deposited in the local bank, and sent to the capital as a redemption bill.

There is no need for Chen Mu to talk about the latter, Zhang Juzheng raised his palm to signal him to stop, leaned back and closed his eyes, opened them after a while, and looked at Wang Guoguang.

Wang Guoguang's eyes were blank, he didn't know which market he was thinking of, and he came back to his senses when he saw Zhang Juzheng looking over, "Young people are awesome—but I think paper money needs to be considered in the long run. This method is not about gold, silver and copper coins. Maintain credit."

"As for whether it can be achieved, we don't know when we haven't encountered something. It may be feasible with the current government, and we still don't know in 30 or [-] years."

"However, what Jinghai Bo said about productivity and market? There is a lot to do!"

This is a monster.

In the mansion, the two important officials of the empire who were born as Jinshi looked at each other, and in unison, they lowered their eyes on the screen with the map of the world - decades of sage books, and the thousands of years of suzerain-vassal relations in the Central Plains Dynasty. Listening to his words, I read them in vain.

　Good morning!

　　
　
(End of this chapter)