Hearing Cui Wenqing say this, Wang Anshi felt very comfortable.

Judging from the current situation of the issuance of treasury bonds on Hedong Road, the results achieved are obvious to all.

Tongzhou, the envoy of Hedong Road, has written to the court many times, asking the government hall to make corresponding notices on the matter of national debts, and clearly announce them to the world, so as to strengthen the people's trust in national debts.

If treasury bonds can be issued nationwide, it can be said that it will add an important means of making money, and it will enable the overstretched government treasury to increase its income by a lot.

Thinking of this, Wang Anshi smiled and said: "According to Cui Lang, if you issue treasury bonds nationwide in the name of the imperial court, is it also feasible?" ”

Cui Wenqing said with a smile: "It is indeed feasible, but there is only one point, the imperial court cannot directly come forward to manage money, and it must set up a corresponding agency to be responsible for specific affairs." ”

"According to Cui Lang's meaning, could it be that the imperial court also set up a bank such as Hedong Road?"

"Yes, it would be best if there was a bank, and not long ago I also told the official family about the issuance of paper silver bills, if all this can be handed over to the bank management, it will be very beneficial to the court and the people."

After hearing this, Wang Anshi frowned slightly, and sighed lightly: "According to the practice of previous dynasties, the current matter of making money is mainly the responsibility of the Shaofu supervisor, and if the bank seizes its power, I am afraid that something is wrong." ”

Cui Wenqing smiled and suggested: "It is good for An Shixiang to think about this, in my opinion, we can still hand over the responsibility of making copper coins to the Shaofu supervisor, and the ability to make paper coins to the bank, so that everyone does not interfere with each other, which is naturally the best." ”

Wang Anshi was right to think about it, he couldn't help but bow his head slightly, and suddenly remembered something again, and asked: "Cui Lang, there is still something I don't understand, please give me some advice." ”

Cui Wenqing raised his hand and said: "An Shixiang is serious, if you have anything to say, it doesn't hurt to say it." ”

"Well, at present, our dynasty makes copper coins, mostly in the rich copper and iron local states and counties, generally set up a coinage supervisor, in the name of the prison, the craftsman excavates mines, drum smelting and coinage, the annual copper and iron mining is limited, so the number of coins also has a quota, such as a few years ago the imperial court had a special decree, Jingxi, Huainan, Zhejiang, Jiangxi, Jinghu six roads each set a coinage prison, Jiangnan, Jinghu South Road to 150,000 yuan, the rest of the amount of 100,000 yuan, but the issuance of paper money, but not subject to copper and iron restrictions, if more paper money is printed, then the court is not getting richer and richer, The people are getting richer and richer? Isn't that fallacy? ”

Faced with Wang Anshi's question, Cui Wenqing couldn't help laughing.

In fact, this question is also what many economic novices do not understand, that is, why can't the country issue more coins?

After a little thought, Cui Wenqing Zhengrong explained: "An Shi Xianggong, the responsibility of coins lies in the exchange of goods, and in the process of exchange and circulation of goods, the amount of banknotes issued is not arbitrarily decided, but must follow the corresponding standards, otherwise it will cause inflation." ”

"Inflation?" Wang Anshi was dazed for a while, obviously having never heard this word, and asked, "What do you mean?" ”

Cui Wenqing knew that if the announcement of economic calculation of inflation was said, he was afraid that Wang Anshi would not understand, so he could only think of a compromise method, and said: "Let's put it this way, if there are commodities with a total price of 20 million taels in Luoyang North City, and the currency turnover rate is twice, then the issuance of 10 million taels of banknotes can achieve the principle that one tael of banknotes has the purchasing power of one tael, but if 20 million taels of banknotes are issued, then these 20 million taels still only have the purchasing power of the original 10 million taels, and one tael of banknotes only has the purchasing power of half a tael of banknotes." , so you can only buy goods for 500 wen. Therefore, the original value of one tael of goods requires two taels of paper money to buy, so that the paper money will depreciate and the price will rise accordingly, which is called inflation. ”

"After the occurrence of inflation, paper money will depreciate sharply, maybe in the future, you need to carry a large amount of paper money to buy things on the street, and even buy a fat chicken, you also need dozens of pounds of paper money, so that the gains outweigh the losses, and the country's economic system has also collapsed, so the wise rulers will issue money according to the market energy."

Cui Wenqing's words are not alarmist, for example, in the previous world, the oil major Venezuela Nevilla had a large-scale economic depression due to inflation, resulting in the people's misery, the collapse of the country, and a serious economic crisis.

Therefore, the economy is not something that anyone can afford to play, and a big crisis will occur if one is not careful.

Wang Anshi probably understood what Cui Wenqing meant, but the issue of banknotes made him still hesitate a little, and asked: "According to what Cui Lang said, shouldn't the issuance of banknotes be cautious?" How can a newly established bank be up to the task? ”

Cui Wenqing said solemnly: "It is good for An Shi to be concerned, but if you want to change, you must pay a price, and this price may be very huge." ”

Wang Anshi's face sank like water, and he slowly bowed his head, obviously he also had a deep understanding of the reform, but then Cui Wenqing's next words made his eyes light up.

"However, Prime Minister Anshi, these costs to be paid are not uncontrollable, you can feel the stones to cross the river to carry out a pilot to see the results, first implement the issuance of banknotes in one place, and predict the success or failure of the overall situation with the success or failure of a corner, which is the most perfect method."

Wang Anshi was stunned for a while, and then asked, "Pilot?" Predicting the success or failure of the whole situation with the success or failure of a corner? Is this method reliable? ”

Cui Wenqing said with a smile: "How can it be unreliable, the implementation of any new law, will inevitably shake the established interest system, before the results are not obvious, maybe it will be strongly counterattacked by conservatives, many new laws have also died halfway, it is really regrettable, but if you carry out a pilot in one place, the resistance is smaller, the risk is smaller, and the manpower, material and financial resources spent are also smaller, if the pilot is successful, the results are there, naturally you can strengthen the heart of the law changer, but also make the conservatives speechless, but if it fails, It is also possible to sum up lessons and experiences so that the new law can be adapted to reality. ”

The words were like a river flowing into the sea, which made Wang Anshi suddenly feel open and bright in front of him, and an unstoppable excitement welled up in his heart.

Pilot? Why didn't he think of such a wonderful method in the first place? I was ignorant about implementing the law change for many years and didn't understand the essentials at all?

Whenever the new law is promoted, all he asks is that the whole country is carried out at the same time, because he does not know the effectiveness of the new law, the opposition in the court is also very loud, often the new law has not been pushed forward, and the scolding aroused is a one.

Now the pilot method conceived by Cui Wenqing is tantamount to a great solution to this problem, and it also makes the resistance in the court no longer so sharp, which can be described as a very good method!

Thinking of this, Wang Anshi felt relieved, and his eyes were full of uncontrollable appreciation when he looked at Cui Wenqing, and he sighed secretly: This person, could it really be a genius of law change given to me by God?

(End of chapter)