parentshiftbook Chapter 160: The Value Of Mo Daobao's Treasure Has Always Been High, But The Whole World Will R
Chapter 160: The Value Of Mo Daobao's Treasure Has Always Been High, But The Whole World Will R
King Zhu Shu of Qi sat dumbfounded in his original position, completely bewildered by Yan Changqing's long series of rhetorical questions.
Originally, he thought he understood the origins, phenomena, and essential causes of [inflation] and [deflation], as well as the corresponding solutions.
In addition, the answer to the question asked by Yan Changqing was also stated before.
Therefore, he could perfectly answer the questions raised by Yan Changqing and make a good impression on his father.
It turned out that what Yan Changqing really wanted to ask was not the Saint's principles summarized in "Dragon Slaying Technique", but a practical and corresponding solution.
But the problem is!!!
His mother-in-law, what do the people of the Ming Dynasty need now, and how to expand the supply and demand of the people of the Ming Dynasty...
And how to grasp and adjust the quantitative balance between supply and demand...
And what is the financial budget for the Ming Dynasty Tongbao banknotes that will be needed in the Ming Dynasty, and how many Ming Dynasty Tongbao banknotes should actually be copied in the Ming Dynasty...
How could he, a fifteen-year-old prince who had not even finished reading the book of sages, be able to answer these profound questions?!!
Let alone him, not even his elder brothers Zhu Biao, second brother Zhu Fang, Wang brother Zhu Gang, Si Hua Zhu Di, etc. could answer these questions.
Even saying a disrespectful word, in Zhu Bo's opinion, even his father could not answer these questions!!!
Because if he could answer it, his father, eldest brother Zhu Biao, second brother Zhu Xi, third brother Zhu Fan, fourth brother Zhu Di and others would not have dull expressions at this moment!!!
Yan Changqing stood on the podium, and at this moment his eyes were extremely cold as he glanced at Zhu Yuanzhang and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes below.
Did he just exaggerate?!!
not at all!!!
According to historical records, from February to October in the eighteenth year of Hongwu (1385), the Ming Dynasty issued 6,946,599 ingots of treasure banknotes.
And each ingot has five strings. In other words, the Ming Dynasty issued 34,732,995 strings.
In this case, the Grand Pure One may not have a clear understanding of the number of Ming Dynasty banknotes copied by the Ming Dynasty.
But what if the income of the Ming Dynasty was only tens of thousands of taels of silver per year?!!
This grandma’s is a Ming Dynasty currency that has been issued thousands of times more!!!
One can imagine how outrageous the inflation in the Ming Dynasty was at that time.
In the eighth year of Hongwu, when the Ming Dynasty Tongxing Baobao was first issued, the usual Ming Dynasty Tongxing Baobao was still worth one thousand copper coins, or one tael of silver.
However, the Ming court continued to have no restraint and even continued to copy and issue Ming currency notes without any purpose.
Budget?!!
No!!!
Copying restrictions?!!
No!!!
Just copy it with your eyes closed, and print money when you remember it.
This way of blindly printing money is simply more terrifying than a country in Yan Changqing's previous life that also printed money wantonly, intending to make the whole world pay for it, and was the source of all human evil!
At least the country that was the source of all human evil in the previous life, after all, there are several other superpowers who can influence [even limit the other party's wanton money printing behavior through their own methods.
But in the current era, no one can influence or contain the Ming court, and no one can influence the emperor.
How many of the Ming Dynasty's currency notes you want to issue really just depends on the emperor's mood.
Therefore, by the seventh year of Xuande (1432), the value of the Ming Dynasty's commonly used banknotes had depreciated to the point where it was only worth five copper coins!
And by the first year of Hongzhi (1488), the value of the Ming Dynasty's commonly used banknotes had depreciated to the point where it was no more than a penny of copper!
This is where the proverbial worthlessness comes from!!!
Normally speaking, if the Ming Dynasty Tongxingbao Banknotes have experienced inflation and depreciated to this extent, then it’s time to bottom out, right?!!
At least it gives the people of Ming Dynasty a chance to bounce back and buy the bottom, right?!!
After all, the people of the Ming Dynasty have lost so much and suffered for so many years due to the depreciation of the Ming Dynasty's currency.
Now it is the turn of the people of Ming Dynasty to earn a little bit back and live a little better, right?!!
But no, want to hit bottom?!!
It’s impossible at all. Daming Tongxing Baoqian will show you his mother’s crack directly!!!
By the forty-sixth year of Wanli (1618), the value of the Ming Dynasty's commonly used banknotes had depreciated to the point where it was only worth 0.1 copper coins.
Therefore, after the Hongzhi period, the people of the Ming Dynasty no longer used the Ming Tongbao banknotes.
By the time of Emperor Yingzong of the Ming Dynasty, the circulation of banknotes in the Ming Dynasty was actually at a standstill.
The main reason why it has not been completely abolished is because the Ming Dynasty's currency notes were issued by Zhu Yuanzhang and were ancestral.
But at least after Ming Yingzong, whether it was the emperor, the civil and military officials in the middle, or the local people, they basically no longer believed in or used the Ming Dynasty currency.
However, during the Chongzhen period in the late Ming Dynasty, the then emperor Chongzhen and the officials in the court did not realize this.
In the 16th year of Chongzhen (1643), Jiang Chen, a member of Tongcheng in Anqing Prefecture, advised that the court could issue 30 million taels of treasure banknotes every year, with each banknote worth one tael of silver. This would increase the income of 30 million taels of silver a year. .
Wang Aoyong, the minister of household affairs, even believed that more than 20 million yuan should be printed every year "to help the poor people."
From then on, if you make 50 million guans every year, you can get 50 million gold. Since you have a lot of income, the gold and soil will be priced at the same price. Except for exemption, each province will directly distribute one million guans to local officials to support Lian's needs.
It can be said that the emperor and courtiers during the Chongzhen period were all crazy about money, so much so that they forgot that the credibility of the Ming Dynasty court and the credibility of Ming Tongbao banknotes had long ago collapsed.
Finally, Chongzhen set up a special "Inner Treasure Banknote Bureau" to produce the Ming Dynasty treasure banknotes day and night.
But when the banknote merchants sold the Ming Dynasty Tongxing Baobao, no one came. Not to mention that the Ming Dynasty Tongxing Baobao was always worth one tael of silver, and no one was willing to buy even the "nine coins and seven cents".
.........
Even merchants in the capital were worried that the imperial court would use banknotes to force them to purchase and exchange supplies from their shops, so they closed their doors and stopped doing business.
Finally, the Ming Dynasty's currency notes disappeared with the demise of the Ming Dynasty.
This is the reason why Yan Changqing used to deal with Qi King Zhu Su with a fierce output.
Because if the country's economy is handed over to someone who doesn't know the business, or someone who doesn't understand the economy, it would be really scary.
In fact, if the Ming Dynasty had not been forced to run banknotes and copper in parallel, and had always had a copper-based currency system to barely support it.
In addition, during the Yingzong period of the Ming Dynasty (1436), the Ming Dynasty began to relax the ban on the use of gold and silver. It was not until the middle of the Ming Dynasty that the copper and silver bistandard currency system was re-established.
As early as the Xuande period, or even before Xuande, the Ming Dynasty should have suffered a serious devaluation of the Ming Dynasty's currency, which in turn led to the collapse of the court's credibility.
Coupled with the overwhelming public dissatisfaction, he was finally slightly provoked by careerists.
At that time, a mighty uprising might be staged in the Ming Dynasty, with the slogan "Mo Daobao's money is always worth it, but it's worthless and the whole world rebels."
The future quality of the national system will not affect the current food and living problems of the people.
However, the quality of the country's economy will have a real-time impact on the people's current problems of eating and living!
And once it affects the people's real problems of eating and living, then the people will no longer give you time for this country to have a future.
Below are Zhu Yuanzhang, Queen Ma, and the princes Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes.
At this moment, everyone had recovered from the dullness and shock, and silently looked at Yan Changqing, who had a faint anger between his eyebrows for some reason.
"D..."
Yan Changqing stood there with his eyes closed, took a deep breath, and slowly calmed down his unstable emotions.
Originally, he was not angry, but when he thought about the continuous depreciation and inflation since the issuance of Ming Dynasty Tongbao banknotes, the people have been suffering from it, rather than benefiting from it.
Yan Changqing felt that he had an inexplicable anger stuck in his chest, as if he couldn't express it quickly and couldn't express his thoughts clearly!
“Your Majesty, is the purpose of issuing the Ming Dynasty’s Tongbao banknotes to facilitate the people’s meager wealth in the name of the country?!!
"Squeeze the people's wealth and anointing and gather them into the imperial court?!!"
"It is still due to the lack of copper materials, the depletion of the Ming Dynasty's treasury, the lack of gold and silver reserves, and the lack of financial expenditure."
"So we can only temporarily maintain the financial operation of the Ming Dynasty by temporarily issuing Ming Dynasty currency notes to recover most of the gold, silver and copper from the people?!!"
At this moment, Yan Changqing put his hands behind his back and looked at Zhu Yuanzhang calmly and oppressively with a trace of inexplicable anger in his cold eyes.
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