nanming man

Chapter 516

Gao Zurong was very suspicious of Gao Yihuan's crooked ideas, and what is wrong with learning. Are you imitating the old Zhu's family of printing treasures, are you trying to piss off your father?

Now is a critical moment for Wei Wujun's development. Gao Zurong doesn't want Gao Yihuan to lose the hearts of the people. This kid has been open to money since he was a child, and he has often stolen money from the family. He can do anything for money, so he has to be a gatekeeper.

Seeing this, Gao Yihuan could only explain: "Father, the Daming banknotes are only issued but not accepted, and the old banknotes are not recycled. As a result, more and more precious banknotes are circulating in the market. The treasure banknotes are flooded and depreciated very quickly. The people have abandoned them one after another. In other words, I print silver notes and copper notes with gold and silver as preparations, and set up bank accounts in each state capital. People hold silver notes and copper notes, which can be exchanged for city silver coins and copper coins at any time, and 100 taels of silver notes, No matter what time it is exchanged for one hundred one or two silver coins, the value of silver notes is stable. The old Zhu’s family issued banknotes, the government used paper to buy things, and the people paid taxes with gold and silver. It was robbery. I printed paper money, and at the same time did not prohibit the circulation of gold and silver. People can use paper money to exchange at will, and they can also pay taxes with paper money, so how can it be a precious banknote?"

Gao Zurong looked at him and understood what he meant, but he still waved his hands, "Yi Huan! This matter is easy for you! Once bitten by a snake, you will be afraid of straw ropes for ten years. There are treasures I’m afraid it’s hard to realize your idea. Besides, you have these ideas before. Both the Northern Song Dynasty and the Southern Song Dynasty issued banknotes. They were very good at the beginning, but in the end, they issued banknotes indiscriminately, which eventually accelerated their own development. Destruction. The Mongolian Yuan also used gold and silver as preparations for issuance, printed a lot of paper money, and also stipulated that if the holder of the banknote needs to use coins, they can go to the Pingzhun Treasury to exchange silver or gold according to the legal price comparison, but it will soon be impossible to continue Cash in. The last issued banknotes lack gold and silver reserves, so the price of goods has risen, and it has fallen into an unmanageable situation."

"Your methods have been used before, but they have made the people's lives difficult and even caused the dynasty to collapse. You must take it as a warning!" Gao Zurong stared at him and said.

Gao Yihuan frowned, and couldn't help but curse in his heart. He didn't expect that someone had already played the game before him.

Gao Yihuan wondered for a while, were all the ancients so awesome?This hurts my self-esteem a bit!
This made Gao Yihuan a little embarrassed. He really wanted to print more money to solve the financial pressure, but when he heard Gao Zurong's words, he didn't know what to do.

Gao Yihuan couldn't help sighing that there are so many fucking talents in China. It turns out that the things he thought of had already been played by predecessors, and they have been played badly, making it more and more difficult for later generations to play.

Gao Zurong saw him with a sullen face, "It's not impossible for you to print money, but first you have to be righteous, and you have to solve two other problems. First, the banknote laws of the past dynasties have ended in failure, and the people hate it. You want to print money. You have to let the common people and merchants accept your banknotes, and regain the information on banknotes. The current situation is chaotic, and the common people value gold and silver more. My father thinks this process is very difficult, and it cannot be done in a year or two. Second This point is also the most important point. After the lessons of the past generations, the people have long understood that no matter how good you promised before, once you can print money, you will not be able to resist printing more. You promised to use gold and silver as preparations, but in the end The paper money you have will definitely be more than the gold and silver in your hands. And if there is too much paper money, it will loot the wealth of the people, and finally fall into an unmanageable situation. If you want to print paper money, the key is to let the people feel that you can control it Your hand thinks that you will not issue more paper money, and this is also the key to the people's confidence in paper money. If you can't do these two things, my father advises you not to get this paper money."

Gao Yihuan was silent. His motivation for printing money was first of all impure, and he rushed to Chaofa from the very beginning.

According to Gao Zurong, with such a motive, it is really difficult for him to succeed in this matter.

After all, gentry and businessmen would not be so stupid to use paper money that they knew would depreciate.

If the people are forced to use it, they will lose popular support and dig their own graves.

China's paper money lacks supervision. No matter how good the initial strategy is, no one can supervise the excessive issuance of paper money. Then the ruler who has the power to issue money will be unable to control his own hands and cannot help but print more money.

After all, how easy it is to print money!

Gao Yihuan understands a little bit that if the people want to accept paper money, they first need to make them think that paper money will not be overissued, or let them have the ability to participate in restricting the issuance of paper money. It is really necessary to get the banknotes right.

Paper money can be filled with water, but according to Gao Yihuan's previous thinking, it definitely can't.

For a while, Gao Yihuan was a little lost. He wanted to solve the fiscal deficit by printing money, but it basically failed.

Gao Yihuan pondered for a while, and couldn't help admiring Gao Zurong, "Father, you reminded me! But I still want to get this banknote! If the banknote is broken, it will be a huge blow to us, but if it is done, it will be a huge blow to us. , but it is a beneficial thing for the people.”

Gao Zurong looked at him in surprise, "Then how are you going to solve the two questions raised for your father?"

"I listened to my father's words and thought about handling banknotes. In fact, there are two key points. The first is that the heart must be correct to ensure that banknotes cannot be issued in large quantities. The second is that at any time, people hold banknotes. , can be exchanged for silver, and merchants and government also accept banknotes, so that we can regain confidence in banknotes." Gao Yihuan said.

Gao Zurong nodded, and Gao Yihuan continued: "The key to this is not to issue too much money. If I say this, others will not believe it, so I am going to give up the right to issue banknotes, invite major merchants, and gentry names to enter the stock market." Banknotes, the government holds no more than [-]% of the shares, and the issuance of banknotes is supervised by everyone. In this way, merchants have no worries about over-issuing banknotes, and the merchants occupy the share capital of the banknotes, so they naturally recognize the copper and silver notes issued by the banknotes. The common people can take the bills to buy things in the merchants, and they can use them to pay taxes, instead of looking for money everywhere for the merchants to exploit, I think it should be able to regain the people’s confidence in paper money.”

Gao Yihuan originally wanted to make money, but now it has become purely doing good deeds.

However, if the banknotes and banknotes are well managed, it will actually be of great benefit to the government and the people.

With a modern financial system, not only can it stimulate the economy and support business development, but it can also issue bonds, set up exchanges, and create a huge financial market.

With this market, the government can issue government bonds, and major firms can also issue private and firm bonds, which may lead to the birth of several East India companies.

Gao Zurong pondered for a while, and felt that Gao Yihuan's idea was feasible to a certain extent, "If you do it this way, you can give it a try. How about this, I will leave this matter to my father to handle it for you!"

Gao Yihuan nodded, and it was settled for the time being, but Gao Yihuan was not in a good mood because he couldn't make money through banknotes.

Gao Zurong smiled when he saw his appearance, it seems that the matter of silver is really driving his son crazy, and it is a bad idea to print money.

"Yihuan! If you are really short of money, you might as well do something about food. Now Wei Wujun controls more than half of Huguang and Yuezhou, choking important business routes. You can monopolize Huguang's food and sell it at a high price For the grain merchants in the south of the Yangtze River."

Gao Yihuan had thought of this earlier, but printing money was much faster than doing business, so he naturally rushed to print money.

Now it seems that thinking about printing money to make money is actually going on an evil path, and will inevitably be cast aside by the people, and may become a bald head in later generations.

This bank account and paper money must be righteous in order to have meaning, otherwise it will only become waste paper in the end.

Since it is impossible to make money by printing money, it is also a good choice to make a fuss about food again.

"Father, what is the meaning of that poem, there is no doubt, there is no way out, there is another village!" Gao Yihuan chuckled, and another idea came to his mind, "Father, this suggestion is good. In fact, I had this idea a long time ago, to monopolize Huguang's food, Then we will conduct grain futures trading, not only selling this year’s grain, but also next year’s grain, and at the same time issuing bonds with grain, so that merchants in the south of the Yangtze River can buy it!”

Gao Zurong frowned again, sticking to his crutches, "Speak human language!"

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(End of this chapter)