The next day, it was the rest day of the general, the governor of Huangzhou, and the Gongyu Wenwen of the State of Yi, and he was still not idle, he got up on time in the morning, walked around the Hulin military camp outside the city, talked with the soldiers, and lined up in the room to solve the lunch by the way. Pen % fun % Pavilion www.biquge.info

Then I went to the military camp and related villages for a round, also talked with the soldiers, and after dinner at a soldier's house, it was already the beginning of the lights when I returned to the mansion in the city.

The rest day ended like this, but Yu Wenwen didn't feel tired, he was still young and had energy, not to mention the uncertain situation, and if he didn't grasp the military power in the era of war and chaos, he was looking for death.

The Hulin Army is his biggest capital, and he has always grasped it tightly, and the Huangzhou Mansion soldiers were also formed by him with great effort, so naturally they also have to grasp it in their hands, and the cumulative strength of the two armies is 9,000 troops, which is Yuwenwen's biggest reliance.

Convincing people with virtue or something is purely fooling a fool, disobedient, I use a knife to teach you to be a talent is the truth.

Back in the house, I walked around the courtyards, the big and small ones all shouted and asked for warmth, Yuwenwen returned to Tingtao Courtyard and didn't sit down, and things came again.

Sima Yangji, the chief manager of military affairs in Ezhou, returned to Xiyang this afternoon, and then reported to the general manager "while it was hot", anyway, Yang Ji lived in the side courtyard, and Yuwenwen, the unscrupulous boss, was also very easy-going to Yang Ji, the contractor.

As soon as Yang Ji came up, he put a large notebook on Yu Wenwen's desk, which was the "investigation report" he wrote, and it was completed in the format required by Yu Wenwen.

"What's the situation in Ezhou?"

"There is more than enough defense, but not enough attack."

"What about food stocks?"

"I don't dare to say that I am self-sufficient until the autumn grain is put into storage, but even so, once the city is besieged by the enemy, if there is no foreign aid, the grain and grass can only last for three months at most."

Yu Wenwen carefully looked through the report, and asked some key questions from time to time, he was very busy, and all his subordinates were just as busy, the backbone of the official office was transferred from the Hulin Army, although he has already gotten started, but he still needs to be honed, so Yu Wenwen has to keep honing.

"You disembarked in Southport?"

"In Bakou."

"How do you feel?"

"There are a lot of hidden dangers, and if you set fire carefully, I'm afraid it will be very troublesome."

Yuwen Wen sighed when he heard this: "However, the good port is here, if you want to develop commerce, you have to open the port, and Xu Junshou is already rebuilding it, which will take time." ”

Yang Ji didn't dwell on this problem, and he also participated in the planning of the transformation of Bakou Port, so after the renovation is completed, the hidden dangers will be reduced a lot, which is a small matter, and what he wants to talk about now is a big thing.

"Guogong, is the cabinet shop about to open?"

"Well, to circulate the bills."

Yang Ji glanced at Yu Wenwen and asked, "Guogong, do you really want to implement the negotiable coupons?" ”

"Yes, didn't you say it a long time ago?"

Yang Ji has always disagreed with Yuwenwen's issuance of banknotes, even if it is called "negotiable coupons": what negotiable coupons, isn't it the treasure banknotes of the Ming Dynasty? Sooner or later, it's going to be over!

"Do you want to say that the negotiable coupon is the treasure of the Ming Dynasty, and it will be finished sooner or later?" Yuwen Wen said that, seeing Yang Ji nodding, he turned on the debate mode.

"Do you know what deflation is?"

Seeing that Yang Ji was shocked by the new term, Yuwen Wen was quite proud, he already had an idea of how to deal with Yang Ji, that is, to bluff the other party with various terms, and then defeat the other party with rich forum irrigation experience.

When the currency in circulation decreases, the people's monetary income decreases, and the purchasing power decreases, affecting prices to fall, that is, deflation.

Yang Ji didn't understand it at all, what Yuwen Wen wanted was this kind of effect, and those unscrupulous profiteers in modern society fooled the elderly into buying all kinds of high-tech health care products, and they used this trick.

"Ming Taizu imitated the story of Mengyuan to issue treasure banknotes, stipulating that the Ming treasure banknotes have always been equivalent to one tael of silver, one thousand copper coins, and one stone of rice, the original intention is good, but there is no 'reserve'."

"What is a 'reserve'? To put it simply, every time a consistent treasure banknote is issued, there must be one or two silver or a thousand copper coins in the treasury, which is to ensure the credibility of the treasure banknote and ensure that the treasure banknotes of various denominations will not depreciate. ”

"What is credit? Since the imperial court stipulates that the treasure money can be exchanged for one or two silver or a thousand copper coins, it is necessary to ensure that the holder of the banknote can exchange the full amount of silver or copper coins in the circulation area. ”

"Large-scale over-issuance, completely discredited, the court will treat the treasure money as paper, then the people will treat the treasure money as paper, less than 70 years, the depreciation of the treasure money has always been so bad that it can only be exchanged for two copper coins, is it the fault of the treasure banknote, or the fault of the imperial court?"

"Don't get excited when you see banknotes, Daming Bao banknotes become waste paper, this is a credit problem, not a material problem, understand?"

"Mengyuan issued banknotes, which was between 100 and 2 million ingots, and the Ming court was good, issuing more than 20 million ingots of treasure banknotes, and there were no reserves, resulting in an extreme excess of treasure banknotes on the market, large-scale depreciation, and they did not speak of credit, and blamed the people for not being sympathetic to the court."

"There is too much currency in the market, which leads to inflation, and conversely, when there is a shortage of money in the market, it leads to deflation."

Speaking of this, Yang Ji understood that "deflation" probably meant a shortage of money, and Yu Wenwen then pointed out: "The circulation coupon is exchanged for the same cloth one to one, and its reserve is the fine woven fabric of Huangzhou." ”

"Will there be a shortage of fine weaving in Huangzhou? For the time being, the various cloth mills participating in the joint guarantee will spin out the fine woven fabrics, and store a part of them in the cabinet as a reserve for the circulation coupons, and merchants are welcome to exchange the circulation coupons at any time, and there is no limit to the full amount of exchange, which is credit. ”

"With credit, even a piece of grass can be exchanged for money, which is very different from Ming Taizu's mess, you have seen the circulation coupons, the anti-counterfeiting measures are appropriate, and it is only circulated in Xiyang City, not afraid of counterfeiting."

"As for the issue of issuance, you don't have to worry, the issuance of negotiable coupons is responsible for Ruixing, and the issuance is determined by the cabinets.

"Of course, the principle is to issue one-to-one, and as many pieces of cloth as there are in circulation, and based on redundancy considerations, it must also be slightly increased, but at most no more than 10%."

"The counter is responsible for counting the total amount of negotiable coupons issued and the amount of recycling, calculating the total amount of face value still circulating in the market, and preparing a sufficient amount of fine woven fabric, ready to accept exchange at any time."

Seeing that what Yu Wenwen said was the truth, Yang Ji gave up arguing.

He knew that he couldn't fight, but since the other party knew it in his heart, it would be fine, but Yu Wenwen repeatedly emphasized "deflation", thinking of the raid on the private stove some time ago, and wondering in his heart that something must have happened.

"You're right, the problem of privately minting copper coins has been suppressed for the time being, but the problem of private copper coins is not solved, and large households are hoarding good money in tens of thousands of units, so how many copper mountains are not enough, and there is less good money circulating in the market, and sooner or later there will be a shortage of money."

"That is, deflation, which leads to a drop in prices, money is expensive and things are cheap, and cheap things hurt farmers."

"Farmers work hard for a year, and the crops they get are sold to earn money to support their families, but the income is getting less and less, and the people are not able to make a living, how can they sit idly by as a magistrate?"

Hearing this, Yang Ji was shocked: "Is the matter so serious?" ”

"Of course not now, but be prepared for a rainy day." Yu Wenwen said that this was his consideration.

"You have read the history books, you should know that in the Tang Dynasty, it was common for large families in Chang'an to privately collect more than 500,000 copper coins, and the Tang Dynasty was very troubled by the money shortage.

"This government sent someone to investigate, Xiyang business is prosperous, because it is to sell cloth, so there is no need for cloth to make payment, the demand for copper money has increased greatly, and the amount of good money that can be circulated has not come up, but there is a downward trend."

Yu Wenwen briefly explained the situation he is facing now, cracking down on private casting and confiscating private furnaces, and recovering the bad money circulating in the market, so the amount of currency in circulation has decreased.

Why the reduction? Very simply, the private minting of bad money is gone, and most of the money in circulation is made of money, but some people hide the circulating money, and these money are withdrawn from circulation, and the currency on the market will naturally be less, so deflation will inevitably appear.

There is no solution to the problem of private copper coins, after all, how to put people's money in your government can't be controlled, and the problem of large households secretly hiding copper coins in the Tang Dynasty was serious, and the imperial court ordered to limit the amount of money hidden, intending to solve the problem of money shortage.

However, the magnates are the first to disobey the yin, and others follow the same example and want to use administrative means to disobey the laws of the economy, which is delusional.

Yuwen Wen is not a god who can change the rules of the plane, so he can only change his thinking and replace copper coins with negotiable coupons to ensure the amount of currency on the market.

In the past, the behavior of private coinage led to a large-scale influx of bad money into the market, resulting in excessive deflation, that is, inflation.

Pressing the gourd to float the scoop, Yuwen Wen cracked down on private minting, and although the collateral effect was to curb inflation, the act of hiding coins privately led to the beginning of deflation.

In other places where commerce is not developed, the people use cloth to replace copper coins, or barter to do business, the key Huangzhou is a "wonderful", because of the large-scale production of cloth, most of the cloth trade with copper coins.

Xiyang City has a large demand for copper coins, so the consequences of deflation will be doubled and magnified, and Yu Wenwen, an "economist" born in Yeluzi, has to use circulation bills to share most of the circulation functions.

"The implementation of negotiable coupons requires credit and time, and it will be too late to wait until the money shortage appears." Yu Wenwen pointed out his true intentions, "Huangzhou's business is very important, and it is also very immature, and it can't withstand this kind of wind and rain." ”

Hearing this, Yang Ji understood Yu Wenwen's good intentions, and only the "special relationship" between the two would the other party be so "frank", Yu Wenwen's idea of solving the problem is very novel, which is also the reason why Yang Ji admires.

However, with his general understanding of Yu Wenwen, he felt that things would definitely not be so simple.

"Guogong, this cabinet shop, do you still want to lend usury?" (To be continued.) )