Chapter 365 The anchor of banknotes!
Zhu Shou's tone was very calm, with a bit of helplessness.
Others may be able to ignore it, but he can't. He is the crown prince of Ming Dynasty, and he must face it.
He looked at Xia Zhibai and said solemnly: "I don't think you told the truth."
"You must have a way!"
"Gu knows you. You are an arrogant person and never do anything you are unsure of. Since you dared to say those words to Gu, you must have thought carefully about it and you must have considered the current situation of Ming Dynasty. Moreover, you have traveled all over the world. , has a deep understanding of the actual situation in the Ming Dynasty, and it is impossible to not know the current situation in the Ming Dynasty.”
"I want to hear your true words."
"I can assure you that if your suggestion is feasible, I will definitely urge your Majesty to make some corrections to the Ming Dynasty's system."
Zhu Biao looked at Xia Zhibai expectantly.
Li Jinglong also looked at Xia Zhibai, with deep disbelief in his eyes.
No one in the world doubts Xia Zhibai's ability, but some things can't be accomplished just by thinking about it. Xia Zhibai is not a god. He can't conjure up so much money. If he can't get the money out, then Everything he said before is naturally out of the question.
But he still had a trace of expectation in his heart.
What if?
Xia Zhibai stood with his hands behind his back.
He didn't speak in a hurry, as if he was hesitating in his heart.
A long while.
Xia Zhibai sighed and said: "The money problem can indeed be solved, because since the Song Dynasty, money has slowly shifted from substantive gold, silver, and copper to credit currency. It's just that the Ming Dynasty has destroyed it in recent years. This currency road ”
"If the Ming Dynasty is determined to rebuild, it may not be impossible to make changes."
"Credit currency?" Zhu Biao frowned.
He didn't quite understand these four words. Currency is currency, so what is this credit currency?
Xia Zhibai said: "Your Highness, do you know about Jiaozi Huizi in the Song Dynasty?"
Zhu Biao nodded and said: "Of course I know."
"It's paper money."
Xia Zhibai nodded and asked: "But does your Majesty know why banknotes were able to circulate at that time?"
Zhu Biao frowned and said uncertainly: "Because there is too much actual money and food, it is not easy to carry, and banknotes are equivalent to a kind of mortgage deed. You can go to some shops to exchange them with banknotes. There are more people using them, so It slowly circulated.”
Xia Zhibai nodded, shook his head, and said: "Your Highness is right, but it is incomplete."
"The reason why banknotes such as Huizijiaozi can circulate is mainly because the merchants who issue the banknotes have credit, and they can go to their merchant houses to exchange them for real money. If they can't exchange the banknotes for coins, then the so-called Jiaozihuizi is just a piece of waste paper, and naturally no one will use it.”
Zhu Biao nodded, thoughtfully.
Xia Zhibai added: "Credit is the basis for the circulation of banknotes."
"In the Song Dynasty, banknotes circulated for a period of time. In the end, it was the government taking over and issuing unlimited banknotes that led to the collapse of banknotes, and people began to use silver and copper coins again."
"It follows from this."
"If credit is used as a guarantee, banknotes can be circulated throughout the world."
"In other words, banknotes can be used as money!"
"But looking at the Song and Yuan dynasties, the paper currency transaction eventually collapsed. The reason is that the government's unlimited issuance of banknotes is just that the paper currency is the unlimited treasury of the court. But if the court's paper currency is not unlimited, it may even be Those who have some control, dare to ask Your Highness, can banknotes continue to circulate in the world? ”
Zhu Biao nodded: "Of course it is possible."
"But right now," Zhu Biao smiled bitterly and said with a bit of helplessness on his face: "People all over the world are afraid of paper money."
Everyone knows the reason. Because Ming Dynasty’s paper money can only be sent out but not received.
The people naturally don't want it.
Xia Zhibai didn't care, and said: "The people don't want to use it, not only because the court only sends out but not receives it, but also because the paper money cannot be circulated, and the court itself doesn't recognize it. Whether it's for taxes or other things, the court doesn't want paper money. The court only wants it." Copper, silver and grain.”
"And Ming Dynasty is currently short of money."
"It's not just the imperial court that's lacking, the whole world is lacking."
"So it is very meaningful to issue banknotes to alleviate the shortage of currency."
"But the court currently needs to solve a problem."
"It means the trust of the people."
"Only when the people recognize this currency, this banknote can be used as money."
"So the best way at the moment is to set an anchor, anchor it with gold, silver, or copper coins, and determine the exchange ratio between banknotes and these traditional currencies. And this is not just talk, but actual exchangeability. .”
"The government must set an example and not only use it themselves, but also take it back."
Hearing Xia Zhibai's words, Zhu Biao quickly shook his head.
He hurriedly said: "This is impossible."
"You want the court to exchange real money for a pile of waste paper. This is absolutely not possible."
Xia Zhibai said seriously: "That's not waste paper, that's Ming's credibility in the hearts of the people!"
"No." Zhu Biao continued to shake his head.
Xia Zhibai's idea is so ridiculous. The imperial court has so little gold and silver that it is too late for him to use it, yet he is exchanging it for waste paper in the hands of the common people. Is the imperial court crazy?
Xia Zhibai said resolutely: "There is nothing wrong with it, because it represents the credit of the Ming Dynasty. As long as the people are accustomed to using banknotes, the banknotes issued by the Ming Dynasty in the future will be real money. Your Highness, don't lose big because of small things, let alone lose money." Too much concern for immediate profit.”
"Things like gold and silver, when the time comes, will only be used as an anchor and will no longer be used as currency."
"The only currencies in the future will be banknotes and copper coins."
"The imperial court may have paid a million taels of gold and silver, but it received hundreds of millions, or even hundreds or hundreds of billions in return."
"But after all, it is anchored to the credit of Ming Dynasty, so it must not collapse. Therefore, strict control must be carried out. Issuing currency and printing currency must be two organizations. How much currency is issued must have a clear value anchor. Fixed thing, otherwise it cannot be easily issued. ”
"The purpose is to ensure the value of currency!"
"All this will do is make the people of the world accept and use paper money."
"Then achieving the purpose of replacing gold and silver."
"Since the Ming Dynasty is short of silver, then just don't use it."
"Wouldn't this be better?"
"There is no way to create money directly. If you want money to be created directly, you must make people all over the world believe that the paper in their hands is money, which can be used to buy and sell goods, and can also be used to pay taxes and make payments. ”
"Replacing traditional currency with paper money should have been the path that the Ming Dynasty should take."
“Because I don’t have money, I have to find ways to make money.”
"The best way is to print money, but just printing money is not enough. The people must recognize that it is money, so there must be an anchor. And because of the chaos of the court over the years, the people obviously do not believe in paper money. , so strong medicine must be administered, even if the court pays a huge price for it.”
"Because this is the mistake made by the imperial court itself."
"You should be responsible for this!"
(End of chapter)