eldest son of Ming dynasty

The problem Zhu Houzhao mentioned is the lack of funds in the early stages of late-developing countries.

In fact, most countries cannot solve this problem at all, so except for the initially advanced industrial countries, many countries are still poor in the 21st century.

The first pot of gold is very difficult for both individuals and countries.

The luckier countries among them can sell resources due to their abundant resources.

If resources are scarce, national sovereignty will be sold.

Most of the rest is to sell some simple but low-value original commodities, but the funds in exchange are not enough, and they are still poor.

There are also some extreme ones.

For example, Japan in the 19th century had little resources and had to transfer part of its national sovereignty. The only thing the country could export decently was raw silk, but it was a drop in the bucket. What should I do?

There is a way - they still have people, women.

At that time, Japan adopted the method of exporting prostitutes, and it lasted for a long time. During the process, people kept calling for its abolition. However, the foreign exchange obtained from the export of prostitutes was Japan's fifth largest source of foreign exchange at that time. He wanted to stop it, but he couldn't. Drop it.

Later, Koreans followed suit. During the Park Chung-hee period, slogans such as 'selling x is patriotic' and 'selling x is bringing glory to the country'. In order to facilitate women to attract business, the government also provided free English education to women across the country. The popularization of compulsory education will be even greater.

Capital comes into this world, from head to toe, with blood and filth dripping from every pore.

This sentence is not a literary description, but a true portrayal.

Returning to the present moment where Zhu Houzhao is,

Yan Song proposed that currency devaluation is inevitable.

Contrary to common sense, inflation is one of the results or manifestations of economic development.

The scary thing is not inflation, but hyperinflation.

From a fifty-year perspective, the currency value can be sustained if it drops to a quarter of its original value.

As long as it doesn't take three to five years to issue a bunch of coins indiscriminately, everything will be fine.

Zhu Houzhao felt a little thirsty when he spoke, so he sat down and took a sip of water. "Although we do not have the control over currency, we are not in a hurry right now. What I mean is that things still have to happen." Do it, but think clearly before doing it. Currency is not something else. It involves the entire wealth of every household. There is no need to rush or mess up.

In the past twenty years, I have acted arbitrarily and roughly, but this time I can't do it. Money can affect the whole body, so some embroidery skills are necessary.

This is what I think. The issue of free convertibility I just mentioned will be made known to the whole country in the form of an imperial edict. The four words "free convertibility" will also be put on a plaque on the door of the new institution that will be established in the future. Its purpose is to strictly restrict the indiscriminate issuance of coins. This article is the basis of this currency reform, and even I cannot violate it.

Otherwise, you are digging your own grave. Especially for the monarchs of the Ming Dynasty, they should understand this truth because of the lessons of treasure banknotes.

Not only that, I want to set up another School of Economics in the capital to explain clearly the reason behind the excessive circulation of coins and make its harm deeply rooted in the hearts of the people! "

Zhu Houzhao was not worried about counterfeit currency or the distrust of the people.

What he was most worried about was that the imperial court had taken back the right to mint coins, and the heirs would issue coins indiscriminately regardless of economic laws.

And he can't speak too absolutely,

It’s not impossible to overissue currency.

For example, if the country is in a critical moment and has no money for a war, and the enemy is about to rush in, then we must make improvised measures and quickly print a wave of money to raise military expenses, and then defeat the enemy.

His approach of completely restricting future generations is also rigid and extreme.

So we can only set an example while he is still alive. As for what happens after that, it’s really hard to say.

Politics is changing so fast. Zhu Yuanzhang has been educating his brothers in harmony for a lifetime, but he never expected that Zhu Di would rebel three years after his death.

In fact, Zhu Di played a role in promoting the depreciation of treasure banknotes. He spent a lot of money on conquering Mobei, sailing to the West, repairing books, moving the capital... so many things.

People at that time also knew that excessive issuance would lead to the devaluation of treasure notes.

It's just that no one could stop Zhu Di, and according to the understanding of people at the time, they felt: just suffer the people a little longer.

Everyone present at these historical events knows that Gu Renyi said, "His Majesty's concerns are indeed justified."

"Well, we need to be very cautious about this matter. It doesn't mean that we can't temporarily issue additional currency, but we need to see what it is for, whether it is an emergency need at a time of life and death, and we must also control a suitable degree. The reason for this is not It can be explained clearly in one or two sentences.”

Zhang Cong suggested, "Wei Chen feels that if this is the case, your Majesty can set rules in the royal family and compile the principles of this currency into a book so that he can teach the princes and understand them carefully."

"It's a way. But let's talk about it later." Zhu Houzhao ignored it for the time being, "Let's continue talking about it later. In the future, after the central bank is established and has enough own funds, what else should be paid attention to? Let’s talk about it together. What I’m thinking of right now… By the way, Xu Jie,”

"Wei Chen is here." The youngest one present was surprised because he didn't expect to be called.

"You have to keep a record of the next thing, sort it out when you get back, and then circulate it to the ministers. This whole set of improvement methods will have to go through several rounds of careful polishing to ensure that the fate of the Ming Dynasty is firmly in the hands of the imperial court. .”

"Yes!"

As he said that, he quickly went to the side to spread out the paper and picked up the brush.

Zhu Houzhao glanced at the crowd and said, "Let's talk about the first point first. The benefits, or goals, after the currency reform is successful. Taking back the leadership is only one of them. There is another benefit.

In today's Ming Dynasty, banknotes, money, silver and gold are mixed, and private money minted in Zhejiang, Guangdong, Shaanxi, Hubei and other places are mixed. This is really not good. Private money is full of it, and a large number of people want to make money through crooked ways. Multiple currencies also make commerce difficult to circulate. This currency reform is to unify the currency. You all understand the matter of commerce now. Only with a unified currency can there be a unified market.

Only the north and south of the Yangtze River, Shandong and Shanxi can be deeply embedded economically. Even the vassal states and newly conquered lands of the Ming Dynasty will quickly integrate into the Ming Dynasty after using our currency.

The interconnected economy will connect the Ming Dynasty into a powerful whole, so that the surrounding small countries will also be under the influence of our Central Plains Dynasty. In the end, it can even reach a height that surpasses the prosperous days of the Han and Tang Dynasties. "

The second point is that in addition to the goal, in terms of specific details, a unified coin style must be carefully designed. First, it is to be beautiful and show the courage of the Celestial Dynasty. Second, it must be easy to carry. Third, it must also be considered to prevent forgery. When the time comes, you can build it first and take a look.

Third, there should be no loopholes in the quality. For example, if you take a silver coin and melt it in your hand, you will get two coins of silver. This is not allowed.

Fourth, we need to take care of as many trading scenarios as possible. what for? Nowadays, most of the commodity transactions between ordinary people are small items, with little money and no silver. So my idea is not to issue one kind of currency, but to issue a set of currencies. Currency is for the common people, so it is called simply copper coins, silver dollars, and gold coins.

Fifth, the unit 'two' is inappropriate. The easiest way to determine the value is to write it directly on the coin.

I have thought about it before, who knows how much a broken piece of silver is worth? This forced merchants to carry silver scales with them when doing business, which was a big deal in the world.

If this article cannot be avoided after changing it, it will not reflect the advantages of the new currency at all. "

The actual abolition of the two reforms and the reform of the Yuan Dynasty would only happen during the Republic of China.

There is nothing wrong with Zhu Houzhao taking it out and changing it together now.

Xu Jie beside him raised his head, and the emperor said five points in one breath, which showed that he had thought deeply about this issue, and he was waiting to see if there would be more.

But Zhu Houzhao also finished speaking. He picked up the teacup again and said, "I have said that what I said today is not necessarily policy, including what I said. You can also speak freely."

"Wei Chen has a question." Xing Guan, Minister of Industry, stood up slightly.

"speak."

"Your Majesty just said that the style of the new coins should reflect the majesty of the country. I have some doubts about this." The copper content exceeded its face value, which led many merchants to collect copper coins, melt them, and then make them into copperware and sell them at a profit.

Therefore, we later had to reduce the copper content of copper coins, even to less than 50%. However, if the copper content is too low, the color of the coins will be dull, making it difficult to achieve the beauty and majesty mentioned by His Majesty. "

Zhu Houzhao blinked, "Is that so?"

To be honest, he has only fucked the emperor since time travel, and nothing else. He has very few opportunities to spend money, and he almost never spends copper coins.

"Indeed." Several ministers nodded.

Zhu Houzhao knew it well, "In this case, it's not beautiful if it's not beautiful. I just said that, you still have to be practical when doing things, and you can't suffer losses to whitewash the peace. Wouldn't that be taken advantage of? Xing Guan, you are like this That's a good point to mention. If it weren't for this, and the people below would mint coins according to my request, they would miss a big deal."

"Thank you for your praise, Your Majesty. I was offended."

"No offense, good is good, bad is bad. I am praised as a saint king by you every day. Why can't you even tolerate issues of right and wrong such as good and bad under such a dignified saint?"

When the cabinet and the six ministers heard the emperor's words, they immediately felt invigorated. This is the sign of a king, so they shouted in unison, "Your Majesty is wise!"

"Any more?"

Jiang Yong is indispensable. He has a thought in his heart, "Your Majesty, I have something to say."

"explain."

"Yes. The currency that your Majesty and your ministers are discussing today is already related to the country and the livelihood of millions of people. Our Ming Dynasty now dominates all directions, and its tributary countries are spread all over the world. The coins of the Ming Dynasty have been changed. Will their coins be changed? "

Traditional Confucian culture actually contains a more unreasonable hegemonic idea, that is, if you barbarians can follow me, then burn high incense. Therefore, on this issue, everyone has expressed their opinions,

"Of course we have to change it!"

"What if they are unwilling to change?"

Zhu Houzhao squinted his eyes, "What do you think?"

Jiang Yong said: "I have said before that the amount of money is in the hands of others, just like the fate is in the hands of others. According to what your majesty said, the world has entered an era of great conflict, so now there is no need to use the method of one soldier and one soldier. , naturally we can’t give up.”

Zhu Houzhao raised his head and thought carefully.

It is too early to talk about this issue now, because we have not yet succeeded in improving it internally. But maybe it's a coincidence that these people actually thought of using currency to control other countries.

Although it has not reached that stage, the idea of ​​​​trying this should be retained.

"Jiang Yong."

"The minister is here."

"Concerning this point, you should think about it carefully after you go back, together with Yan Song. I think there is a great truth here. For now, as for the neighboring countries, I think we should take a casual approach first. Currency is It's amazing that if the court can successfully convince people of its value, they will rush to use it if you don't let them use it. After all, our Ming coins are in chaos, and they are also in chaos, lacking a unified and easy-to-use currency. "

"Yes."

……