Daming: At the start of the showdown, Lao Zhu was stunned

Chapter 436 Those who advocate precious money should be punished for their crimes!

"Old Five, what's wrong with this... this precious note?"

For the first time, Lao Zhu's voice was lacking in energy.

"Third brother, you go to remind me first, and see why the hot water you ordered to wash your face just now hasn't arrived yet." Seeing that Lao Zhu was going to ask about politics, Empress Ma quickly turned her head and said to Zhu Yan.Zhu Yan was taken aback for a moment, and looked at Zhu Su with a strange look.

"Yes." He didn't say much, just nodded and backed away.

"Fifth brother, could it be that in history, I, Ming, also had treasures?" This time it was Zhu Biao's turn to ask. "Could it be that the way to issue treasure notes won't work?"

"Brother, father, who suggested that you issue Daming treasure banknotes." Zhu Su answered irrelevantly, gritted his teeth and said, "Whoever made such a plan should be punished!"

Lao Zhu and Zhu Biao looked at each other in horror. They originally thought that the strategy of treasure money was at best some small disadvantages that they hadn't thought of.After all, Qian Yuan had already used this strategy, so there would not be any serious troubles.

But he didn't expect that this fifth younger brother would be so confronted with a formidable enemy.

Even more excited than when talking about other maladministration!
"The first one to pay for this law is Han Gong." Zhu Biao replied. "Fifth brother, what is wrong with this method of treasure money?"

"This method has problems all over the body. The biggest problem is that he should not appear on the land of Ming Dynasty at this time." Zhu Su said seriously. "Father, big brother, you want to implement the banknote law. Is it because the imperial treasury is overwhelmed, so you want to issue banknotes to temporarily mint coins?"

"Not bad." Old Zhu nodded. "The imperial courts of all dynasties have always minted copper coins. Printing precious banknotes can reduce the cost of minting coins and enrich the treasury..."

really!Zhu Su cried out in his heart.Lao Zhu thought about issuing banknotes, and he really wanted to use banknotes as tokens to reduce waste.

According to common sense, the casting of copper coins in the past dynasties is no different from the printing of treasure banknotes.In later generations, isn't a batch of banknotes issued every few years?It seems that there is no difference from the casting of copper coins Tongbao in the feudal dynasty.

"It won't work." Zhu Su shook his head.Although it seems feasible, the problem of Daming treasure banknotes is riddled with holes, and I can't finish talking about it for days and nights.

Zhu Su sorted out his thoughts, and said, "Father, big brother, precious banknotes cannot replace copper coins. If my guess is correct, you should want to write the value of the currency directly on the banknotes, so that the people of Ming Dynasty We use it directly as money, right?"

"Why not? Isn't it the same for casting copper coins?" Old Zhu blushed. "When we issue treasure banknotes, it is no different from minting copper coins."

"It's a big parting." Zhu Su said.He began to count the disadvantages of precious banknotes in detail, step by step: "Copper coins have been popular for thousands of years, and the common people have long recognized that copper is money. Even though the money system of some dynasties was chaotic and there were many impurities in copper coins, they still contained more or less Some coppers are more or less recognized by the common people.”

"But treasure bills... To put it bluntly, they are just paper. If they are not managed well and are distributed indiscriminately, it would be too hard to wipe your ass!"

"How can this thing be equivalent to a copper coin?"

"But the copper mines in various places have been mined in the past dynasties, and now China has already lost copper." Old Zhu said. "We can't build a country in the Ming Dynasty, and we don't even mint money, can we? Continue to use Qianyuan's money? You don't even want to lose your face. How decent is it?"

Zhu Biao also said: "If my Ming Dynasty didn't mint money, wouldn't the world's wealth be like a pool of stagnant water, with no more living springs pouring into it?"

"As time goes on, the world has no money to use, so why don't I become poorer day by day?"

"Brother, that's not the case." Seeing that Lao Zhu and Empress Ma also agreed with Zhu Biao's words, Zhu Su shook his head and said.

"To figure this out, we must first understand what wealth is. Brother, what do you think wealth is? Gold, silver, copper, and copper are wealth, right?"

"Isn't that so?" Queen Ma asked curiously.He also felt that Zhu Biao was right.

The old coins will be damaged, and foreign nationalities often use Chinese coins, as well as the habit of some rich people who often use their money to bury themselves.These costs add up over time, and it is not a small amount.

If the imperial court does not mint new money, there will always be only so many coins in the world, wouldn't it be a source of stagnant water?Coupled with the consumption of many items, isn't my Daming's wealth getting poorer and poorer?
Even Lao Zhu showed doubtful eyes.He also thought so these days.He took a fancy to the benefits of casting money, which did no harm to the people, but instead increased the total value of the world's wealth.

But the problem is that Daming doesn't have that much copper, so it can't be cast for money!
Now that the national use is difficult, if the minting of copper coins is changed to the issuance of precious banknotes, the treasury can be counted as an income, isn't it?Why not?

"No, gold, silver and copper coins are not wealth!" Zhu Su said firmly.He looked around and saw a chicken that hadn't been eaten on the table, so he picked up the chicken and asked, "Brother, look, this chicken is worth a few copper coins in the market. Maybe it's wealth?"

"It's worth copper coins, so it's naturally considered wealth... But he hasn't changed it into copper coins after all, this..."

"Then put it another way." Zhu Su tugged at the clothes on his body. "Look, if I take off this shirt on my body and change it, I think I can get dozens of chickens in exchange."

"My clothes may be considered wealth?"

"This..." Zhu Biao was stunned.

Old Zhu seemed to have thought of something, his eyes lit up, "Old Wu, do you mean that only edible food can be considered wealth?"

"Gold, silver and copper coins are nothing more than foreign objects. It's really not good. Can't you exchange things for things?"

"Heavy eight should be more than food." Empress Ma was thoughtful. "Clothes can be exchanged for chickens, and chickens can also be exchanged for clothes."

"Since edible chickens are wealth, it doesn't make sense that clothes are not wealth...Xiao Wuer, do you mean that everything in this world can be wealth?"

"You are so smart!" Zhu Su gave Empress Ma a thumbs up. "But to use a more accurate term, it should be 'labor is the real wealth'."

"Everything in the world is the result of labor. For example, chickens are the labor income of the people who raise chickens. Clothes are the labor income of the weavers who raise silkworms and spin weaves. The grain in the field is the income of the farmers who cultivate the land. "

"The so-called gold, silver and copper coins are just an intermediate price, a currency, that is needed to measure real wealth. It cannot be considered wealth in itself."

"Father, brother, think about it, when the Northern Yuan banknote law first collapsed, did the common people memorize dozens of taels of banknotes, but they could only be used to buy things that were only a few cents?"

"A lot of banknotes are printed, which does not mean that there is more wealth in the world. On the contrary, it is because there are so many banknotes that it takes much more banknotes to buy a thing that is exactly the same as the original."

"Similarly, the price of food in a city becomes more expensive during a calamity year. The essence is that the real 'wealth' of food decreases, while the total amount of coins in the city can be regarded as unchanged."

"As a result, people can only use more 'currency' to buy scarce food, the 'wealth'."

"There is no way to truly increase wealth just by increasing the amount of currency."

Zhu Su talked eloquently, and in the thoughtful eyes of Emperor Hongwu's family, he taught economics lessons to this emperor, the first empress and the first prince through the ages.

(End of this chapter)