Father can be an enemy to the country

There were only three people, father and son, in the Qianqing Palace. The palace people had long been repelled by the prince.

Father, think twice. What the common people say makes sense. Paying back work and paying for ink not only defrauds the common people, but also damages the credibility of Baochao! The prince also agreed with deep understanding.

Then just keep giving them new banknotes for free? Boss Zhu's small-farmer consciousness struck, and he felt distressed.

What do you mean by getting new banknotes for free?! Zhu Zhen couldn't help but mocked on the spot. Why don't you tell me, why don't you take a piece of paper and exchange it for something that is worth a thousand coins to ordinary people?!

This... Boss Zhu blushed when asked, but he wanted to be strong all his life, how could he let his son teach him a lesson? Immediately he said loudly: Then the imperial court will surely die sooner or later!

What a huge loss! First, with the large-scale printing of treasure banknotes, the cost will be greatly reduced. One penny for each note is too much. Why do you charge thirty penny from ordinary people? Not even black-hearted businessmen are so black! Second, The imperial court can issue tens of millions of new treasure banknotes every year. Compared with the income, the cost of printing money is only a drop in the bucket! According to the principle of who benefits, who is responsible, the imperial court should bear the responsibility.

Third, the imperial court continues to invest treasure money into the people to circulate the economy, so that the country can be strong and the people will be rich. This requires keeping the treasure banknotes from depreciating, and it will be worth it no matter how much money is spent! After a pause, Lao Liu continued to mock. : How to run a good country if you don't understand the economy, Dad!

... No matter what Lao Zhu did, the prince blushed first, feeling that he was really ignorant.

I'm calling you a brat, I'm calling you a brat! However, the old thief became so angry that he couldn't find the thorn stick, so he took off the soles of his shoes and whipped him.

Am I wrong?! Why can the imperial court use paper as money? That is the people's trust in the Ming Dynasty! It was earned by my father to expel the Tartars and restore China! The people believe in you, Emperor Hongwu, and will not cheat them , will accept treasure money!

Lao Liu picked up his trousers and jumped up and ran, shouting loudly as he ran: My father used a piece of paper to exchange the people for a thousand coins. Do you think you have made a profit? Do you think you have not paid anything?

No, that's a big mistake! You've sacrificed your own reputation and overdrawn the country's credit, you idiot!

Who are you calling stupid? Boss Zhu, who was already looking thoughtful, became furious again after hearing this!

With one bare foot and one shoe in hand, he followed behind.

Stop for me!

After all, Lao Liu had an injury on his buttocks and couldn't run fast with a limp. He would eat the soles of his shoes all of a sudden.

Lao Liu, talk to your father and don't ask for trouble. The prince quickly advised Lao Liu: Idiot, run around the pillar!

Hongwu chased the King of Chu, and the King of Chu ran around the pillar, saying:

How did the Yuan Dynasty end up with this? It was because they ruined their money-making skills. The treasure notes they issued were worthless, no one accepted them, no one used them, and in the end they died of poverty!

If my father doesn't learn from the lessons of the Yuan Dynasty, once the Ming Dynasty's banknote method is corrupted, the country will be doomed! You don't want to wait for your grandchildren, and there will be no banknotes, right?

~~

The lessons of the Yuan Dynasty are not far away, so Boss Zhu is still very wary of the depreciation of treasure banknotes. It is not like Lao Liu thought, completely letting the treasure banknotes depreciate. Instead, it has been actively maintaining its value.

For example, in March of the 17th year of Hongwu's reign, less than ten years after the Ming Dynasty banknotes were issued, Zhu Yuanzhang issued an order to stop issuance. The superficial reason is that the country's needs are sufficient and we want to relieve the craftsmanship, which means that the treasure banknotes are enough and the craftsmen who make the coins can rest.

In fact, it is to cope with the continuous depreciation of treasure banknotes and stabilize business people's confidence in treasure banknotes.

So by the end of the 18th year of Hongwu, the consistent banknotes could still be exchanged for 400 Wen...

By the 23rd year of Hongwu, the treasure notes were exchanged for 250 copper coins.

In order to curb the depreciation of treasure notes, in August of the 27th year of Hongwu, Zhu Yuanzhang even issued an edict banning the use of copper coins in transactions. At least the treasure notes were not completely used up.

However, after his death, first the great sage Sun Jingnan, and then the great fourth son built this and that, six expeditions to Mobei, seven voyages to the West... all of which cost a lot of money! What to do if you have no money? I was issuing money like crazy, and ended up getting all the money in one fell swoop.

Worthless, completely hopeless...

~~

So after Boss Zhu beat Lao Liu violently, he still asked shamelessly: What do you think we should do?

Actually, if you want to keep the value of banknotes stable, you need to do three things. One is that you can exchange old banknotes for new ones for free. In this way, there will be no price difference between old and new banknotes, so people will not reject old banknotes and can safely save valuable banknotes.

The sixth man began to talk eloquently. If he hadn't been beaten so badly that his nose was bruised and his face was swollen, he would have looked like a wise king.

The second is that you can't just put it in but not take it back, or put more money and less money. You must not show a preference for copper coins. You must treat treasure coins and copper coins equally. Only when the court firmly believes that banknotes are money, the people will not value money over money!

Well... Boss Zhu and the prince nodded together, both listening very seriously.

The third thing is to strictly control the amount of banknotes issued. Zhu Zhen said solemnly: Especially in the early stages of establishing credit, for example, each year cannot exceed 10% of the previous year. The most important thing is that the regulations set Once it comes down, you have to abide by it. This is definitely not as convenient as printing money randomly, but once it is issued indiscriminately, it will inevitably repeat the mistakes of the late Yuan Dynasty. So this is a matter that tests the emperor's self-control.

Humph, that's no problem... Zhu Yuanzhang showed a proud smile. When it comes to self-control, he can be called the best emperor in history.

As long as you always remember that you are not taking paper, but taking your own credit in exchange for wealth in the hands of the people, you will not be indiscriminately issuing money indiscriminately. The prince also said that he had no problem.

Yes. My father and eldest brother must be able to restrain themselves. Zhu Zhen nodded and sighed: But to be honest, anything that is supported by credit will go bankrupt sooner or later. There will definitely be troubles for future generations. When the time comes, there will definitely be people who can’t help but spam.”

Well. Zhu Yuanzhang said in a deep voice: We can make a law set by our ancestors. Who dares to violate it?

Haha... Lao Liu chuckled and said, This will definitely be a lot better.

He wanted to say that the methods of his ancestors were nothing. In fact, you took too big a step and hit your balls. But he really didn’t dare to be beaten again, so he said politely:

When Yunnan is recovered in the future, there will be Yunnan copper. The imperial court should gradually allow the people to freely exchange it. Then let go of the ban on gold and silver. Gold and silver are naturally currencies. If we don't let the people use it, isn't it a trap? Who are we cheating? You can’t trick the common people either. Only in this way can the old Zhu family’s world last forever, right?”

Lao Liu, Lao Liu, used words in the last paragraph. He knew that the old thief would definitely not be willing to let people exchange their treasure notes for copper coins. So he finally blocked the old thief's mouth with the words he often taught them. The old thief was embarrassed to reject his proposal directly. We can only leave it to the future...

ps. Over the weekend, I was not worried, and I have only finished one chapter now...