Hearing Li Zhi say that he wanted to build a bank to issue banknotes, Li Laosi was stunned, and he was a little confused. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

In fact, Li Laosi was very disdainful of paper money, and he didn't even understand why Li Zhi, who had always considered the interests of the people, would think of issuing paper money.

The Ming Dynasty had paper money, and the paper money of the Ming Dynasty was called treasure money. However, there is no doubt that this is a completely failed banknote. It is completely a tool for the government to plunder the wealth of the people.

The problem of paper money is, in the final analysis, a question of credit. Whether a government can issue paper money in circulation depends on whether the government has creditworthiness. Paper money in the Ming Dynasty also used to circulate in large quantities between the government and the people. However, in the end, because the government has no credit, the banknotes depreciate rapidly, and eventually no one uses them.

The issuance of a banknote should be controlled in a limited market. The ultimate role of money is circulation, and in a given market, the demand for circulation is limited. If the currency issued exceeds the demand in circulation, the currency will depreciate significantly.

After Zhu Yuanzhang became emperor, he began to implement paper money. However, Zhu Yuanzhang did not see how much the credit of the banknote was, in his eyes, the best use of this Ming treasure banknote is undoubtedly that it can be used directly as money, and it can be used to loot private products to make a steady profit. In the 24 years of the Hongwu period, an average of 5.15 million ingots were issued every year, and in the 23rd year of Hongwu, the Daming treasure banknotes were issued to 15 million ingots.

In a market where the economy is growing slowly and silver is already used as currency, the ultimate outcome is predictable.

Under the impact of the sky's currency, the value of the Daming treasure banknote has depreciated sharply. Initially, Zhu Yuanzhang stipulated that the Daming treasure banknote has always been equivalent to one tael of silver, which can be exchanged for rice and one stone. After all the way to depreciation, Chenghua Shi Jinshi Lu Rong said: "The treasure banknote is now only the government line, but it has always been only worth two cents of silver, and two cents of money."

One hundred years later, the banknote depreciated to 0.2% of its face value.

However, for a long time in the Ming Dynasty, even until the end of the Ming Dynasty, the Ming government forcibly used depreciated treasure money to buy goods, and issued military salaries and salaries. It can be seen that the Daming treasure banknote is actually a tool for the Ming government to plunder the people.

When Li Laosi heard Li Zhi say that he wanted to issue banknotes, he pondered for a long time and said, "Owner, we are not the government after all. The banknotes issued may not be used. Even if you can make a little money at the beginning, it will soon be useless. Forcibly buying and selling paper money may cause dissatisfaction among the people. ”

Hearing Li Laosi's words, Li Zhi smiled, knowing that Li Laosi had misunderstood what he meant.

This is not to blame Li Laosi, after all, Li Laosi has only seen the banknotes of the Ming Dynasty, and has only seen this kind of completely failed banknotes. In his eyes, paper money is used by the government to plunder the wealth of the people.

Li Zhi shook his head and said, "Li Laosi, the purpose of our currency issuance is not to plunder the wealth of the people. When we have a tael of silver in the treasury, we issue a bill of one tael. No matter when and where, our banknotes can be exchanged for the equivalent value of silver in the bank, and there is no problem of depreciation at all. In this way, the total amount of money in the market does not increase, and the currency does not depreciate. All we have to do is give the people a set of currencies that they can use and collect with confidence. ”

"Nowadays, the currency in the market is chaotic, not only the silver has the problem of quality, but the copper coins are also fake, and bad money is rampant. Once the people got the copper coins of good condition, they hid them in their homes and did not use them again, and all they used were inferior coins mixed with lead. Depending on the type of copper coin used by the buyer, the seller has different prices, and the currency is very confusing. ”

"Such a chaotic currency value sometimes makes it impossible to carry out transactions. Sometimes buyers take good money to buy goods, and the seller can't tell the truth from the fake for a while, but he doesn't believe that the buyer's money is good money, and insists on trading at the price of bad money, and finally breaks up. ”

"The chaotic currency system has affected the prosperity of the market."

"When our banknotes are issued, the people will no longer have such problems."

Li Laosi was stunned and said, "I misunderstood the meaning of the owner." ”

Li Zhi said that the banknote system, although it seems to use paper money, is actually still the silver standard. Each banknote corresponds to a fixed value of silver, which can be exchanged for silver at any time at Li Zhi's bank. On the surface, a banknote is a piece of paper, but in fact there is no difference between using silver, but it is more convenient.

In fact, such silver standard banknotes are not absent in the Ming Dynasty. The silver notes of the major money banks are actually such banknotes, but the scope of use is very limited. Some merchants who trade large amounts of money sometimes deposit their silver in the bank for convenience, and then trade with the silver bills. The party who receives the silver ticket takes the silver ticket to the money bank to withdraw the money and complete the transaction.

At the moment of the transaction, the bank's silver ticket played the role of the silver standard currency.

In this way, the silver ticket that can be exchanged for silver naturally does not have the problem of depreciation. Even if it is put for ten years, a silver ticket of one hundred taels is still worth one hundred taels.

What Li Zhi has to do is to shorten the step of the payee to withdraw the money from the bank through the long-term formation of credit. Let the banknotes be used directly in the circulation link, which is convenient for both sides of the transaction.

Of course, if you don't believe in Li Zhi's credit, the banknote holder insists on coming to the bank to exchange money, and Li Zhi will handle it immediately.

Li Laosi nodded and said: "If Grandpa Guo issues money like this, not only will he not compete with the people for profit, but he will indeed benefit one party." After a pause, Li Laosi said again: "If the court accuses us of issuing banknotes without authorization, we can also say that the banknotes we issue are actually only silver bills." All the money banks in the world can issue silver tickets, so what if we issue a few silver tickets? If the people are willing to accept and use our silver tickets, they can't blame us. ”

Li Zhi smiled and said, "You're right! This bank is called Jinqi Bank. The person in charge of the bank..."Li Zhi thought for a while, and said to the guards beside him, "Call Yue Shande." ”

Yue Shande is one of Li Zhi's childhood playmates, and he is a man with an old-fashioned personality. Yue Shande Chongzhen defected to Li Zhi in eight years, and Li Zhi saw that he was quite principled, and let him work as an accountant under Xie Liangyou all these years. After nine years of training, Yue Shande has become the chief auditor of the Shogunate's Accounting Division, and he is very skilled and sensitive to money and numbers.

Now Li Zhi is the governor of Tianjin, and he can be appointed at will for official positions below the rank of general. Although Yue Shande is only an auditor, he also has the official body of a guard commander.

Seeing Li Zhi, Yue Shande knelt down and saluted, and when he heard Li Zhi's "no courtesy", he got up.

Li Zhi looked at Yue Shande and said with a smile: "Yue Shande, I asked you to be responsible for opening a big money bank, are you interested." ”

When Yue Shande heard this, he knew that Li Zhi was going to reuse himself. He thought about it for a while, and felt that he had defected to the Duke of Jin for nine years, and it was time for the Duke of Jin to be taken seriously, and Kan Kan said: "If it is under the protection of the Grandpa Guo, Yue Shande can also open a money bank." ”