Chapter 120: The Bad Money Effect
Seeing that Wang Anshi was silent, Le Lin took advantage of the victory and asked as if he was in pursuit: "How can you guarantee that the people who get the money will use the money?" And how can we ensure that the people who need it will get it? ”
In response to her was a silent air. Pen | fun | pavilion www. biquge。 info
She asked, "Also, what if the people who borrowed the money fail to repay the principal and interest on time?" ”
Wang Anshi raised his hands, stared at Le Lin with bated breath, and didn't say a word, as if he wanted to see her hairy in her heart.
Coleline was not afraid, nor did she look back at him for a moment.
But it was like a pillar of incense, or two pillars of incense, Wang Anshi replied calmly: "The official assessment." ”
Le Lin let go of her palm, and involuntarily clenched it into a fist again.
Really.
Really!
Even in such a different time and space, even if Wang Anshi has experienced the changes in his family, history seems to always go in the direction it should go.
It turns out that the Qingmiao Law in the history of time and space is precisely because of the big killer weapon of "official assessment", officials at all levels are ordered to complete the corresponding tasks of the new law, so the officials are apportioned to the lower levels, and finally fall on the people. At this time, the policy has been completely out of shape.
The Seedlings Law, as the name suggests, was supposed to be a loan to protect the peasants during the period of scarcity, but it turned into a forced usury by the government to increase taxes. Under the new law, the treasury is full of blood and tears of the people.
Of course, Wang Anshi, who was in front of Le Lin, was completely ignorant of this, and only felt that his method was wonderful: "The imperial court should use the method of 'suppressing matching' to limit a certain amount of seedling money from officials at all levels to be loaned to the people, and under the supervision of each layer, it will definitely be able to ensure the smooth implementation of this law." ”
He thought for a moment, and then said: "With a concrete number as a basis, we can even understand who in the court is the person who really does practical things, and this method kills two birds with one stone." ”
Chai Chen, who was on the side, listened and nodded, seemingly agreeing.
And Le Lang looked at Le Lin with disdain, as if as soon as Wang Anshi's words came out, she had no room to refute.
"Enough!"
When Le Lin saw the appearance of these three people colluding, she was both angry and terrified.
How did these three brainless people get together?
Objects gather by like, and things by like!
If you really want them to go to the court together, wouldn't it turn the sky upside down!
Lelin only felt like she had a headache that was about to crack.
She frowned, almost roaring, "Your method is terrible! It's rotten to the extreme, it's rotten beyond measure! ”
This is said very seriously, without a hint of politeness.
Wang Anshi has always been stubborn and self-conscious, but when he heard this, he was also angry for a while, so angry that he couldn't even speak, and pointed at Le Lin and said: "You, you should tell me, why is my method rotten?" It's so rotten to the extreme, it's rotten beyond measure! ”
Le Lin ignored his anger, but asked Wang Anshi: "Have you ever thought that what kind of officials are you who impose the Qingmiao Law on the indicators for evaluating officials at all levels, and in the end, what kind of officials are promoted after completing the task?" ”
"Seedlings?"
Wang Anshi's attention was focused on the name.
When Le Lin was furious, she unconsciously said the name of the original historical "Seedling Law".
"Good!"
I only heard Wang Anshi stroking his palms and laughing: "The name 'Qingmiao Law' is very good!" ”
Seeing that he didn't answer the question, Le Lin was even more angry and her lips turned white, and she said loudly: "Did you hear what I asked you?" ”
Wang Anshi came back to his senses, and Zhengse replied: "Since he was a person who is vigorous, conscientious, and conscientious, he has been promoted. ”
Le Lin sighed and shook her head sadly: "If the imperial court uses the method of 'suppressing matching' to order officials at all levels to lend Miao money, it will only make the officials force both rich and poor households to borrow green Miao money to collect interest. ”
She couldn't help but step on the front two steps towards Wang Anshi, got very close to him, stared at him and said: "So, the more ruthless and unscrupulous the officials, the more they can exploit from the people without scruples, pay more taxes, and get promoted faster." ”
Speaking of this, Le Lin couldn't help but vigorously grabbed Wang Anshi's collar, she was slightly shorter than Wang Anshi, Wang Anshi was unsuspectingly pulled by her like this, and suddenly pounced forward.
Le Lin said to him viciously: "This is bad money driving out good money, you know! ”
The court's "suppression" and forced apportionment of the number of the Qingmiao Law to officials at all levels caused by the bad currency effect was also one of the reasons for the failure of the new law in Xining.
This is also why, in the end, except for Wang Anshi, the people who changed the law were all traitors like Lu Huiqing, or cool officials like Li Ding, Deng Xuan, and Xue Xiang.
This is exactly the result of the reverse elimination of the bad currency effect.
Le Lin's words should have woken up the dreamer with a word.
But Wang Anshi is such a stubborn person, "unscrupulous" is not a waste of fame, he listened to Le Lin's words, although he faintly felt that his ideas were inappropriate, but more, he felt that Le Lin was clever and unruly, conservative and unwilling to innovate.
He remembered that there were words in Le Lin's words just now, which he had never heard of, so he humbly asked, "What is bad money driving out good money?" ”
The theory of the bad money effect first came from Sir Gretchen in England, who was the British Chancellor of the Exchequer in the 16th century, so the bad money effect is also called "Gresham's Law", also known as "the law of bad money driving out good money".
Grechin found an interesting phenomenon - under the gold standard conditions of the time, the gold coins in circulation were often in poor condition, or mutilated, and in any case did not correspond to the value of the coin.
For example, if you specify that one pound is equal to several ounces of gold, you will mint a gold coin from the gold that should have been of that quality. However, when circulating in the market, the gold coin will often contain less gold than you prescribe.
This phenomenon is easy to explain, as people get a pound of gold with a fiat gold content, and then use various methods, such as scraping a little gold dust or mixing a little copper. As a result, a certain amount of gold will be obtained in addition, and the adulterated gold coin will still be worth a pound, and then this gold coin will be used as currency for circulation, so that there will be no gold coins in the market that are of acceptable condition.
After a long time, people found that the full value and the insufficient value of the coinage could be used in the same way, so people stored the good and full value of the currency (good money), and spent the less value of the coinage (bad money) quickly.
As a result, bad money drives good money out of the market, so that the real value of the money in circulation in the market is significantly lower than its nominal value.
Le Lin pondered for a while, and tried to explain to Wang Anshi in a way that people in this era could understand: "Mr. Wang has a tael of silver? ”
Wang Anshi nodded, he probably couldn't make up a tael of gold, but he only received his remuneration from the "Bianjing Magazine" a few days ago, and he could still get one or two pieces of silver.
So he carefully took out a silver ingot from his bosom and handed it to Lelin.
Le Lin took it and looked at it, and she was also very surprised.
This was the first time she had seen silver ingots from this era.
I saw that these two silver were much smaller than those seen in the TV series, and the longest part was only more than an inch in size, and the bottom of the silver ingot was engraved with the words "Chongning Tongbao Silver Ingot ".
Le Lin was surprised that the Song Dynasty in this time and space actually had an official legal silver ingot currency.
She remembers reading history books when she read that the "money law" of the Song Dynasty in the original time and space was very chaotic, there were copper coins, iron coins and lead and tin coins circulating at the same time, and each state had the right to mint money on its own, and there were also cases of private coinage, the size of the money was different, the composition was not suitable, the value was changeable, and "the system was established at any time", which was very chaotic. Iron money is passed in Sichuan and Shaanxi, and ten are exchanged for one copper coin, and the money circulating in Jiangnan and Jiangbei is not the same. There is also uncertainty about how much money there is in practice, and there are 800 or 850 yuan as a consistency, and there are also 480 yuan as a consistency, and an edict must be issued to take 770 yuan as a consistency, and the states "use them for private purposes, so they follow their own customs", which is completely confusing.
She breathed a sigh of relief.
In this way, the bad currency effect is better explained.
……