Zhou Ming, who didn't want to worry about so many things, accompanied his pregnant wife at home and paid attention to the movements of the fetus every day.

But a series of problems encountered by the family were still placed in front of him by his sad father, Bai Xutang, who asked him to think of a way and think of solutions.

What's the problem?

Inflation.

Nowadays, the whole country is facing the inflation problem.

How serious is the problem?

It has to do with the amount of treasure that the cities have plundered from the outer continents.

The greater the amount of loot, the higher the inflation rate, about 30 times, 50 times.

The amount of looted treasure is average, and the inflation rate is medium, about 10 times or 20 times.

Cities with a small amount of loot have a lower inflation rate, about 8 or 10 times.

Because of the high degree of economic integration in the whole country, the inflation rate of each city has the characteristics of mutual influence, so even in cities with low inflation rates, the price level has generally risen by more than 10 times in the past ten years.

As for Hyunqing City, among the thousands of cities, the inflation rate is relatively fast, and prices have risen by more than 30 times in the past ten years.

Is inflation so high good or bad?

100 percent bad, of course.

In fact, before the expansion of Wancheng Country, there has been a problem of slow inflation in China, about 5% per year, and the impact is not very large.

After swallowing up the Southern Yuan Continent and the West Yuan Continent successively, and plundering most of the Northern Yuan Continent, the vast amount of wealth was transported to the Wancheng Kingdom, resulting in an annual inflation rate of more than 50%.

This has a great impact on the group at all levels.

For the rich, the hard-earned money has become worthless, and the middle class, which has lived a leisurely life for many days, has suddenly become a poor class.

The original poor strata have become extremely poor because their income growth has not kept pace with the soaring prices.

And those local tyrants with a net worth of more than 10 billion, 100 billion, or even trillions, they are not happy, because the higher the inflation rate, the more their property shrinks.

That's why no one likes inflation.

So what's to blame for inflation?

Currency.

The currency that circulates in the market.

This is also known as the "spirit coin".

The size of the inflation rate is directly related to the number of spirit coins in circulation in the market.

As a special material that can be recharged/released repeatedly, it can facilitate the practice of monks, so the value of spiritual coins used to be very high.

In terms of purchasing power, more than 20 years ago, a spirit coin could buy at least about 2 kilograms of immortal crystal rice, or more than 1 catty of beef, or a full meal in a cheap restaurant.

What now?

1 kilogram of immortal crystal rice can only be bought with at least 10 spirit coins.

Not to mention other goods.

Therefore, in the current Wancheng country, the most common scenery is: ordinary people carry bags of "spirit coins" on their backs and buy various commodities on the street.

The spirit coin is heavier, and the weight of thousands of pieces put together weighs thirty or forty catties.

"Carry dozens of pounds of spirit coins on your back to buy a commodity that may only weigh a few pounds...... This is the kind of shopping experience that no one wants to experience. ”

But who told the greedy people that they couldn't restrain their greed, so they had to swallow up the Southern Yuan Continent and the Western Yuan Continent, and transport their amount of tens of trillions or hundreds of billions of spiritual coins to the Wancheng Country in one go, so that there would be no inflation.

Zhou Ming felt funny, but the problem still had to be solved.

How can it be solved?

Father Bai Xutang said: "Why don't we exert some 'pressure' on those profiteers and tell them to stop wantonly raising prices?

Bai Xutang was indignant and planned to take a few profiteers under the knife.

Those hateful profiteers, the price increases year after year, crazy price increases, he has endured it for a long time!

"No!

Zhou Ming waved his hand again and again, "It's not that those businessmen are treacherous, but they have no choice but to raise the price of goods from raw materials to factories and distributors, and the price of any link will force businessmen to increase their prices, and it is useless for you to use them." ”

"That'...... So what to do?"

Bai Xutang asked, "Is there no way?

"No, it won't go up forever, recently Wancheng has stopped its external expansion, there is no external currency input, and the inflation rate will fall significantly in the next few years. ”

"However, what needs to be solved now is the problem of inconvenience caused by high prices, and I have a better solution to this problem, and if the implementation effect is good, the inflation problem may also be solved. ”

Zhou Ming said confidently.

"Oh, what's the plan? ”

Bai Xutang's eyes lit up, and he hurriedly urged him.

"Banknotes, issued banknotes, used to replace the spirit coins circulating in the market......"

Zhou Ming slowly said his solution: issue paper money to replace the spirit currency with increasingly low purchasing power.

Bai Xutang was dumbfounded when he heard it, as if he had heard a fantasy.

His head shook like a rattle, shouting ridiculous and ridiculous.

"No, no, the paper money you said is absolutely not good, just a piece of paper, you say it is worth tens of thousands, who believes it? Who dares to use a piece of paper, and it is worth so much money?"

"This plan doesn't work, it definitely doesn't work, it won't solve anything. ”

Bai Xutang didn't dare to imagine the scene of people trading with each other with a stack of papers, and the traditional concept told him: except for spirit coins and some metal currencies, nothing can be used as circulating currency.

Not to mention the cheap and deadly paper nowadays, even if it is printed with a bunch of anti-counterfeiting patterns and added with anti-counterfeiting watermarks, it cannot be pretended to be thousands of spirit coins, and if it is really spent, no one will spend this kind of money, and no one will dare to collect this kind of money.

In Bai Xutang's heart, he completely denied this plan.

Zhou Ming explained: "The essence of money is only a credit guarantee, as long as the value of the banknote and the value of the corresponding collateral maintain a fixed exchange ratio, the banknote has the characteristics of circulation, as long as we officially provide a credit guarantee, the banknote must be willing to use." ”

"Of course, I don't deny that the spirit coin has a certain practical value in addition to currency, but now in the country of ten thousand times, the spirit coin is flooded, seriously depreciated, and for the vast majority of ordinary people, the practical value of the spirit coin is not used at all, for most people, the spirit coin is no different from ordinary stones, but it inherits the bulkiness of the stone. ”

"It is inevitable that the spirit currency will be eliminated from the circulation market, and it must be replaced by a better currency, and paper money is a good choice. ”

Seeing that his father still shook his head, feeling that this plan was not very reliable, Zhou Ming said directly: "In this way, I personally take out 10 billion spirit coins, print banknotes with a total denomination of 10 billion, and do a circulation experiment in Hyun Qing City, if the experiment is successful, how about this paper money plan to be implemented in Hyun Qing City?"

Bai Xutang was stunned when he heard this, "10 billion, it's not a decimal, what should I do if it's all lost?"

"You don't have to worry about it, you just have to nod your head in agreement. ”

"Okay. ”

Bai Xutang nodded, his son is worth trillions, which is much richer than the family, and he is willing to take out 10 billion to burn, so let him burn it.

……

Thereupon.

In the next few months, Zhou Ming, who purchased a paper product printing agency at a high price, led the technicians, and spent three months developing a "money printing machine".

Solve the problem of anti-counterfeiting, the printed banknotes, not only beautiful material, exquisite patterns, waterproof characteristics, not easy to damage, added watermarks, gold lines, sunlight through the word these anti-counterfeiting signs, the possibility of counterfeiting in the short term is almost zero.

In your hand, it looks like a work of art.

This kind of banknote, Zhou Ming named it "Golden Yuan Coupon".

A total of 10 yuan, 20 yuan, 50 yuan, 100 yuan, 500 yuan, 1,000 yuan of the six denominations (5,000 yuan, 10,000 yuan of large denominations, printing is not considered for the time being).

And it is linked to the spirit coin, how much the face value of the yuan, corresponds to the purchasing power of the spirit coin.

After the banknotes with a total amount of 10 billion yuan were printed, Zhou Ming put them in Hyunqing City and began to do market circulation experiments.

In the first few days, people's thoughts were the same as Bai Xutang's, and they were suspicious of the value of paper money, and few people dared to use it, and few merchants dared to accept it.

Zhou Ming did the work of a group of businessmen, and took them to see the spirit coins and treasures worth tens of billions in the treasure house of the money bank in Hyun Qingcheng, indicating that the credit of the golden yuan coupons in Hyun Qingcheng was based on these treasures.

The merchants expressed their willingness to accept paper money, and in their business dealings with the Bai family, they soon realized the various conveniences brought by paper money, and they were full of praise, and the merchants began to accept it generally.

Merchants accept paper money, ordinary people naturally dare to use, from the beginning of 10 yuan, 20 yuan, 50 yuan these small denominations carefully used, after experiencing the convenience, to the beginning of the money store to exchange 100 yuan, 500 yuan, 1000 yuan, and a change is tens of thousands, hundreds of thousands of exchanges, just one week, the total amount of 10 billion banknotes, all exchanged.

Zhou Ming and others did not expect that in about ten days, tens of billions of spirit coins would be exchanged for use, rushed to be used by ordinary businessmen, and even hoarded, and sold on the black market at a ratio of 1.1:1 and 1.2:1 to those who wanted to exchange paper money, but could not exchange paper money.

The value of the banknote is more than its own denomination.

Paper money has become a popular thing in the market, a status symbol.

Someone specially put two 1,000 yuan banknotes on his body, and when he took them out in front of everyone, there would be envious voices all around.

A scarce number of 1,000 yuan face value gold yuan coupons were printed, and some people on the black market were willing to buy them with 5,000 spirit coins.

All kinds of grotesque phenomena, Bai Xutang was stunned and his jaw fell to the ground.

Even somehow, he likes to put a stack of brand-new 1,000-yuan gold yuan coupons in his pocket and pull them out in front of guests, intentionally or unintentionally.

Naturally, in Hyun Qingcheng, he fully implemented the paper currency of money, and he certainly did not have any opinions except for his full support.

As a result, in about half a year, Hyun Qingcheng basically realized a full paper money.

And the miraculous thing is that after the full circulation of the golden yuan coupons, because it was announced that they were also linked to the prices of basic daily necessities such as grain and meat, the inflation in Hyun Qingcheng was historically effectively controlled, and the inflation rate was controlled within 2% within half a year.

With such a successful experience, how can other cities in the country not learn from it?

So the money printing machine in Zhou Ming's hand, which cost 200 million spirit coins, was sold out for a while, and there was a backlog of thousands of orders.

The state unit alone placed an order for 300 units.

Zhou Ming made another small fortune.

And all kinds of paper money have also quickly entered thousands of households and hundreds of millions of families in the country of ten thousand times.