parentshiftbook Chapter 152: The Essence Of Money Is General Equivalents, But What Is The Essence Of General Equival
Chapter 152: The Essence Of Money Is General Equivalents, But What Is The Essence Of General Equival
"Yes, the essence of money is [general equivalent]!"
Yan Changqing turned around, looked at Zhu Yuanzhang, Empress Ma, Prince Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes, and nodded in affirmation.
"The so-called [general equivalents] are items that can be used to express the value of all other commodities and serve as a medium of commodity exchange."
"For example, the handkerchief your Majesty just took out for exchange was acting as a [general equivalent] at that time.'
"In addition to the handkerchief just now, the gold, silver, copper, and treasure banknotes promoted and used by the Ming Dynasty, as well as the colored glaze, antiques, calligraphy and painting, and jade that your highnesses have mentioned before, can also be said to be [General equivalent】.
"And [general equivalents] like this are also called [money], or [money factory]."
"[Money] is the product of barter exchange that has developed to a certain stage!"
“During this stage of development, various things have been used as [general equivalents], that is, [money].
"For example, during the ancient times when the Shennong Clan, Youchao Clan, and Suiren Clan existed, they used things like pottery and seashells as [money] as the [general equivalent].
“Then after a long period of development, one thing after another was used by people at that time as a [general equivalent] and used as [money] for item transactions, and then was eliminated one after another.
"In the end, [gold], [silver], and [copper], which were scarce in quantity and had a precious value of 17, were retained as [general equivalents] for item transactions, and became [money] commonly used and recognized by everyone today!! !"
"This is the first chapter of "Dragon Slaying Skills: The Second Core of [Money and Profit] - The Origin and Essence of Money."
As Yan Changqing spoke, the princes Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes also wrote down what Yan Changqing said word for word.
Zhu Yuanzhang and Empress Ma simply wrote down the keywords "general equivalent" on the paper in front of them.
As for the more detailed content, there is no need for them to memorize it in person. They can just ask Zhu Biao and others to copy it to him later.
"Then the question is, [gold], [silver], and [copper] are because of their scarcity and their precious value.
"So it can be used as a [general equivalent], that is, [money]."
"However, can these banknotes [Da Ming Tong Xing Bao Banknote] be said to be rare in quantity and have precious value in themselves?!!"
Yan Changqing looked at Zhu Yuanzhang, Queen Ma, and the princes Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes, and asked with a smile.
Facing the questions raised by Yan Changqing, Zhu Yuanzhang lowered his head slightly and thought.
[Can the Ming Dynasty's currency notes be said to be rare in quantity and have precious value in themselves?!!]
As soon as this thought came to his mind, Zhu Yuanzhang shook his head.
Others don't know the Ming Dynasty's Tongbao banknotes, how can he still not know the Ming Dynasty Tongbao banknotes?!!
It was he who established and promoted the Ming Dynasty's Tongbao Banknotes. He could order the Baobao Banker to copy as many copies as he wanted!!!
In this way, the Ming Dynasty's currency notes are naturally not rare in quantity.
Similarly, if you can have as many of those Ming Dynasty currency notes as you want, then naturally they cannot be said to have any precious value.
Not only did Zhu Yuanzhang come up with such an answer, Prince Zhu Biao, Zhu Di, Zhu Gang, Zhu Di and other princes also came to the same answer after careful consideration.
Therefore, the princes Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes replied one after another:
"The Ming Dynasty's currency notes are not considered rare in quantity but precious in value."
"As many as you want!"
"It's just banknotes!"
Yan Changqing nodded and asked further:
"Things that are rare in quantity and have precious value in themselves are not necessarily [generally equivalent]."
"However, anything that can be used as a [general equivalent] must contain the characteristics of being rare in quantity and having precious value in itself!"
"Then, banknotes that are neither rare in quantity nor have any precious value in themselves, or Tianming Tongbao banknotes.
"Then why can it serve as the general equivalent of people's daily transactions, that is, money, like gold, silver, and copper?!!"
This question is one of Yan Changqing's key questions today.
Zhu Yuanzhang, Empress Ma, and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes also followed Yan Changqing's questions and started their own thinking.
[If according to what Mr. Yan said, things that can be used as general equivalents, or things that can be used as money, must contain the characteristics of scarcity and precious value. 】
[For example, gold, silver, and copper are general equivalents that meet these requirements. 】
[The Ming Dynasty's currency notes are not rare in quantity, nor do they have any precious value in themselves. 】
[So according to what Mr. Yan said, it should not be used as a general equivalent for trading or use. 】
[But why can it, like gold, silver, and copper, become the general equivalent used by people for commodity transactions?!!]
Prince Zhu Biao frowned, trying hard to find out the deep similarities between the Ming Dynasty's currency notes and the general equivalents of gold, silver, and copper.
[But now the treasure banknotes in circulation in the Ming Dynasty can be used as equivalents in the transactions of the people of the Ming Dynasty like gold, silver, copper and other rare and precious objects.
[Then this means that there must be other “values” that we don’t know about the Ming Dynasty Tongxing Baoqian!]
[And this kind of value is the reason why it can become a general equivalent together with rare and precious things such as gold, silver, and copper! 】
【But what exactly is this "value"?!!】
King Qin Zhu Xi narrowed his eyes slightly, and even took out a Ming Dynasty Tongbao banknote of the same denomination that he happened to be carrying, and placed it in front of him to look at it carefully, trying to find out the "value" contained in it that he did not know.
[According to Mr. Yan, gold, silver, and copper are general equivalents that have been fixed a long time ago and continue to this day. 】
[As for the use of treasure banknotes in the Ming Dynasty, it was only started after the father established the country and ascended the throne. 】
[Before Emperor Father, there seemed to have been treasure notes in the Northern Song Dynasty, and they seemed to be called Jiaozi and Huizi. 】
[But since the fall of the Song Dynasty, those Jiaozi and Huizi have also disappeared, or in other words, even with Jiaozi and Huizi, you can no longer buy things. 】
[At this time, Jiaozi is like a piece of waste paper. 】
Jin Wang Zhu Fan's eyes were melodious [Thinking of the paper money that was once popular in the Northern Song Dynasty.
Their father referred to the banknotes from the Northern Song Dynasty, so they had the current Ming Dynasty currency notes.
[If I use Mr. Yan’s words, the reason why Jiaozi and Huizi became waste paper should be that Jiaozi and Huizi have lost the characteristics of general equivalents, so they can no longer be used as money. 】
[But why do Jiaozi and Huizi lose the characteristics of general equivalents?!!]
[No, wait, I know the answer to this question because the Northern Song Dynasty was destroyed!!!]
[In other words, the general equivalent properties of Zi and Hui Zi depend on 647 on the north bed!!!]
[If the Northern Song Dynasty existed, then the characteristics of general equivalents of Jiaozi and Huizi would exist, and they could be used as general equivalents like gold, silver, and copper. 】
[The Northern Song Dynasty fell, so Jiaozi and Huizi lost the characteristics of general equivalents. 】
[In the same way, the characteristics of the general equivalent of the Ming Dynasty's treasure banknotes depend on the Ming Dynasty. 】
[In other words, the reason why the Ming Dynasty's currency can become a general equivalent like gold, silver, and copper is because of the existence of the Ming Dynasty. 】
【But, why is this?!!】
King Yan Zhu Di wrote down his derivation on the rice paper in front of him.
But after deducing that the value of the general equivalent of the Ming Dynasty treasure banknotes was higher than that of the Ming Dynasty, it became stuck.
No matter how much he thought, he could never find out the reason further.
【Is it because of us?!!】
【Yes, it’s because of the painting!!!】
[Because we ordered the use of Da Ming Tong Xing Bao Banknotes for transactions and settlements, which acted as general equivalent money, so Da Ming Tong Xing Bao Banknotes can become general equivalent money!!!]
[As the emperor, we have a golden tongue. Even if the Ming Dynasty's currency is not rare, it is neither valuable nor precious. 】
[But in a few words, we can make them directly equivalent to general equivalents such as gold, silver, and copper!!!]
Zhu Yuanzhang's frown slowly relaxed, and a smile couldn't help but appear on his face.
This answer, in his opinion, should be the correct answer.
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