The cloth standard, some inexplicable monetary standard theory, has now been invented by the folk economist Yu Wenwen, and it is about to appear in Xiyang City, Huangzhou. Pen % fun % Pavilion www.biquge.info

Does it work? There is no precedent to be found, but Yuwenwen is not worried, because the Huangzhou cloth is very "strong", if the cloth-based circulation coupons are only circulated in Xiyang City, there will definitely be no problem.

Hydro-textile, so that Huangzhou cloth is of high quality and low price, about 500 wen per horse of fine fabric, very competitive, with the ability to ensure the output of fine woven fabric as the currency standard, should be no problem... Right?

Whether you believe it or not, I believe it anyway.

The credibility of the negotiable coupons lies in the unlimited and full exchange, and with the joint guarantee of various cloth merchants, the confidence of others in the negotiable coupons will be established sooner or later, which is limited to circulation in Xiyang City, and the risk is minimized.

For this matter, Yang Lihua is worried, today's family meeting, since Yu Wenwen said to discuss it to the fullest, then she is not polite: "The water textile in other places is about to start, and the price of cloth will definitely drop at that time, so this circulation coupon will inevitably be affected, right?" ”

"With the expansion of water conservancy textiles, cloth prices will definitely fall, but what does this have to do with circulation coupons? It's also a full redemption, isn't it? Yu Wenwen said with a smile, "The circulation coupon is a circulation substitute launched by cloth merchants, and its essence is to facilitate the purchase and sale of cloth, which has little to do with the price of cloth." ”

"A circulation coupon with a face value of 'one thousand horses', even if one fine woven cloth on the market is reduced to three hundred Wen, the merchant takes this circulation coupon to the cabinet to cash, and it is also a thousand fine woven cloth."

"The price of cloth is like the water level, the negotiable coupon is like the ship, the face value is like the goods loaded in the ship, whether the water level rises or falls, will the goods in the ship increase or decrease as a result?"

Yuwen's metaphor of "calling a beast" is very vivid, and the three "female students" quickly understood it, but Xiao Jiuniang still didn't understand it and asked: "Then why don't you set the face value as a number of texts?" ”

This is a question that only political naïves can ask, the former one is Wei Chi Chifan, so this "pioneer" opened his mouth to explain: "The imperial court strictly investigates private minting, in order to ensure the circulation of money, if the negotiable coupons are directly linked to the money... Hook, what's the difference between that and private casting? ”

"That's right, negotiable bills are a kind of business behavior, the seller uses a credit guarantee to launch a kind of intermediary, the buyer believes in this guarantee, and both parties are willing to use this kind of thing to simplify the transaction procedures."

This is Yu Wenwen's fallacy and heresy, try not to touch the high-voltage line, this kind of thing can be big or small, although he is not afraid of being covered by someone in the Shannan realm, but considering various factors, it is better to act cautiously.

The imperial court has allowed you to set up a money supervisor in Shannan to open a furnace to mint money, what do you want to do with a negotiable coupon to replace copper coins? Isn't it rare to use the money set by the imperial court? Don't want to be a courtier of the Great Zhou?

Prime Minister Yu Chi glared angrily, pointed at Yu Wenwen's nose and scolded, of course, this is a picture of his own brain, if the circulation coupon is linked to the copper coin, it will inevitably cause this consequence after successful circulation, and if it is not successful, the scene should not be too beautiful.

The one-legged copper man is poor and crazy, and he takes paper money in exchange for our copper money, which is to pull the bones and peel the skin, and the life can't go on, everyone fights with him!!

This is the most likely scenario, how many imperial courts have tried to promote copper coins with false face values for hundreds of years, without exception, have failed, and how can he be a local magistrate to promote paper money.

However, it can be notorious from now on and leave a strong mark in the history books.

Therefore, the circulation coupon is limited to the use of Xiyang City, Huangzhou, and is only linked to the fine woven fabric, that is, the so-called "cloth standard", in fact, it is the "cloth ticket", in order to facilitate the intermediary of bulk goods trading, will not affect the circulation of copper coins.

For this beautiful idea, Yang Lihua still has something to say: "It's just... Who is in charge of the issuance of this negotiable bill? ”

"The cabinet management, the cabinet jointly established by the Huangzhou cloth merchants is responsible for the issuance of circulation coupons, the principle is how many pieces of cloth are produced, on the number of face value of the circulation coupons, considering the redundancy, the circulation is slightly increased, the printing is responsible for Ruixing, and the circulation is decided by the supervisor of the cabinet."

"So this cabinet shop is not considered the property of the mansion?"

"No, it's a common industry of cloth merchants in Huangzhou."

Yang Lihua was a little stunned, this kind of industry is not grasped in her hands, in case other people's desire for profit over-issuance of circulation coupons, it is easy to lead to credit bankruptcy, she does not understand the door of paper money, but it does not hinder the bypass.

Twelve years ago, the State of Zhou promulgated the "Five Elements of Big Cloth" money, which stipulated that one article and five elements of big cloth should be ten Wen and five baht money, which was "one when ten".

At the beginning of the compulsory implementation, the people were helpless, but because there were many powerful people who did not buy it, and the industry under their names was contrary to the yang and yin, and they did not take the five elements of the cloth seriously at all, so the credit of the court went bankrupt, and it gradually became invalid when it was ten, and it was still a penny.

Not to mention the 100,000 yuan of "Yongtong Wanguo" money six years ago, no one takes it seriously.

If you want to implement the copper coin with a false face value, credit is very important, and if you can't say the same, no one will take it seriously, and the same is true for this negotiable coupon, if there are 10,000 pieces of cloth circulating on the market, the face value of the negotiable coupons issued will be about the same.

Because this circulation coupon is about one-to-one exchange, if there are only 10,000 pieces of cloth, but the face value of 100,000 horses is issued by the circulation coupon, it is clear that "one-to-one exchange" is child's play, and the news will leak out sooner or later.

As soon as the market heard the wind and grass, the credit collapsed instantly, and the so-called negotiable coupons really became waste paper.

If the issuance of this negotiable coupon is controlled by Yu Wenwen, Yang Lihua feels that it is unlikely that her husband will be consumed by his desire for profit and do that thing, but if it is handed over to others, it may be uncertain.

"Lihua is right, there is indeed this hidden danger, so the relevant system of the cabinet should be improved, especially how to determine the issuance is very important, but even if it is troublesome, it is worth implementing, because the biggest benefit brought by the circulation coupon is convenience."

Yu Wenwen said this, and continued to patiently explain why the circulation coupons were to be implemented, the kind of circulation coupons implemented in the mansion had already made everyone feel very convenient, so he wanted to expand the scope to the entire Xiyang City.

Today's Xiyang City, Huangzhou, is prosperous in commerce, but the degree of prosperity is naturally not as good as those "first-tier cities", and the reason why Yuwenwen wants to implement circulation coupons is to solve the problem of money shortage.

In the past, he killed people for the private minting of coins, but even so, in the face of the economic law of "bad money drives out good money", it is still a drop in the bucket.

"Do you know why?"

Wei Chi Chifan knew the reason, so he replied: "It's because the copper coins with good fineness are privately hidden." ”

"Yes, there are two major enemies in the circulation of copper coins, one is privately minted, and the other is privately hidden." Yu Wenwen nodded, "Copper coins, although the money minted with copper is mixed with lead and tin, the quality of the money made by the government is quite good. ”

"These copper coins were distributed to the market and received by various large households, either to melt the money to take copper and cast bronze ware, or to put it in the cellar for several years or even decades, so no matter how much the government increased the amount of money, there would never be enough good copper coins on the market."

"Is it so serious to hide money?" Xiao Jiuniang asked, and before Yu Wenwen could speak, Yang Lihua replied: "Seriously, in Chang'an in the past, I heard others gossip about it, and a certain family hid hundreds of thousands of dollars. ”

"Hundreds of thousands!"

Xiao Jiuniang was very surprised, although she was the princess of Liang Kingdom, she grew up in the folk since she was a child, and she was not very clear about the inside story of the rich and noble family, and Wei Chi Chifan did not have the slightest surprise when she heard it.

"Hundreds of thousands of guan, always at least three catties of money, can be taken to the private collection of money is certainly not bad, each of which contains at least three catties of copper, you see, even if a certain family hides money, even if it is 100,000 catties, there are 300,000 catties of copper."

"Chang'an, Luoyang, Jinyang, Yecheng, Jiangling, Jiankang, and other places how many rich and noble families, each family has hundreds of thousands of money, how many copper coins have withdrawn from circulation? How can you avoid a shortage of money? ”

Yu Wenwen was a little excited when he said this: "If the currency is not in circulation, is it still called currency?" Coupled with such a Tibetan method, there are not enough copper mountains in the world! ”

"However, but this is my own money, and the government is not easy to manage..."Xiao Jiuniang was a little confused, she also knew the disadvantages of hiding coins privately when she heard Yu Wenwen say, but she couldn't manage it.

"Yes, I can't control how my money is used by the government, so I have to find a way, and I can't control it elsewhere, so there must be new rules on the boundaries of Huangzhou, and cabinets, bills of exchange and negotiable bills can alleviate this problem."

"When credit is established, more and more people use negotiable coupons in Xiyang City, and all the negotiable coupons are used for bulk goods transactions, and the book transactions are also negotiable coupons."

"Merchants come from other places and bring bills of exchange, and when they come to the counter, they cash in the negotiable coupons, because they can buy what they want to buy with negotiable coupons in Xiyang City."

"When they left Xiyang City, they also exchanged the negotiable coupons for bills of exchange, and after returning to the place of departure, they exchanged them for copper coins in the semicolon, which saved a lot of trouble."

"Those big families want to hoard good money, but they can't collect enough copper coins in Xiyang City, so they will naturally go to other places to find a way, and other places are not under the control of their husbands, so it is not their turn to have a headache for their husbands."

Listening to Yu Wenwen's remarks, Yang Lihua was speechless, this kind of beggar-thy-neighbor behavior is really a bit unfriendly about colleagues.

"In short, the bulk goods transaction in Xiyang City is completed through circulation coupons, which avoids the inconvenience caused by the use of a large number of copper coins, and at the same time can promote business development.

There was a message hidden in his words, Yang Lihua didn't know how Yu Chi Chifan and Xiao Jiuniang were, anyway, she heard it: "You really still want to replace copper coins with paper money!" ’

This kind of idea is too sensational, Yang Lihua is only afraid that Yuwenwen will be scolded as "brazen", the bronze "Yongtong Wanguo" can't be made as a hundred thousand, and the money made of paper will be one hundred thousand or even more, it's too shameless!

Yuwen's "Calling the Beast" doesn't matter whether the secret has been heard or not, having said this, the three "female students" have accepted his new thinking, so they can get straight to the point: "The matter of the cabinet shop and the circulation coupons, the shopkeeper Wang is negotiating with several owners, and the negotiation will be organized after the consultation." ”

"Since it is a joint guarantee, and it is the initiative of Ruixing, then we must set an example, the implementation of negotiable coupons, Ruixing should rush to the front, after the matter is settled, all industries operated by the government to the outside world, unconditionally use negotiable coupons."

"At that time, when you settle accounts, reconcile accounts, and calculate, the three of you should know in your heart, don't always feel that you have been deceived." (To be continued.) )