Chapter 470: The Monetary Standard
Because of the time difference between the two worlds, Wei Minsheng prefers to rest in the other world, because this can have more time to arrange things in the real world.
The air in the morning is so fresh that even if you live in the center of an urban unit, you don't feel separated from the city and nature.
Because the passage between the urban units is very conducive to the flow of air without feeling stuffy.
Xiaobao still insisted on coming over every morning to take care of Wei Minsheng's daily life, and did his duty as a disciple.
At the same time, when eating in the morning, it is also more convenient to report some important things that happened in Huaxia.
"Master, according to your arrangement, a large number of construction projects are spreading out in the Yunmengze area, and the funds in the account of the Ministry of State-owned Assets are now a little out of turnover."
"Hasn't Yunmengze's grain output hit a new high in recent years?"
"In the past few years, the grain output has indeed increased year after year, but those grains are no longer regarded as the lifeblood of the members of the Huaxia Kingdom.
There is no objection to the fact that the people take food as their sky.
But the appearance of Huaxia Kingdom completely shook the status of this sentence in everyone's hearts.
The painful memory of eating bran vegetables in the past has long been wiped out by the mountains of grain.
Due to the impact of other foods, the daily consumption of those grains in the warehouse has been reduced to one-third of the original amount.
Following this trend, the more we produce food, the less it will be able to convert it into liquidity.
The staff of the Ministry of State-owned Assets Management did not know what to do. ”
"Isn't it a good thing that you can't run out of food? What do you have to worry about? ”
"We also analyzed it, and it is estimated that the problem lies in the pricing of Huaxia coins."
"The pricing of Huaxia coins? Any questions? ”
"Master, you used to determine the value of a pound of rice as one Huaxia currency, and when the food was not enough for everyone to consume, everyone felt that this method was very good and would help the stability of everyone's personal assets.
In order to ensure the credibility of Huaxia currency and respond to possible redemption behaviors at any time, we try to keep the amount of grain stored in a certain proportion with the total amount of currency.
But what I didn't expect was that in just over three years, Huaxia's grain production could reach the scale it is now, and the personal assets of the members had increased exponentially.
In addition, the basic food guarantee of the Huaxia canteen for all workers has made these Huaxia registered members have no desire to buy and store food.
In other words, although our food can stabilize the value of assets, it can no longer be easily converted into other assets. ”
"I probably understand what you mean, it's nothing more than that there is no liquidity in the account of the Ministry of State-owned Assets Supervision, and the grain that is used as a reference valuation for Huaxia currency cannot be converted into liquidity?"
"That's the situation we are facing at the moment.
I looked up a lot of information, and most of the countries in the other world used national credit to issue money.
At the national level, this method is equivalent to having the right to free minting coins because they can directly control the number of coins that are put into the coin.
As a result, there is hardly a shortage of liquidity in such a country to support strong construction spending. ”
"This way of using the credit of the state to guarantee the value of the currency is actually pinning all hopes on the basis of the state's trustworthiness.
Moreover, such a monetary standard must correspond to other basic goods in order to be able to circulate in the currencies of different countries.
Without the support of basic materials, the exchange rate of these currencies against the currencies of other countries will be seriously affected.
Once the monetary supply gets out of control, it is easy to cause the collapse of the entire social and economic system and destroy the development gains of many years.
A country's credit is related to the confidence and hope of all its citizens and to the long-term peace and stability of a country.
Some countries in that world have already told us with painful facts that this may cause serious consequences, so I don't want Huaxia to follow such a path.
No matter how the currency pricing of Huaxia changes, it must be related to actual wealth, and currency cannot be issued indiscriminately because of a temporary lack of funds.
Because of this, the account of the Ministry of State-owned Assets Supervision and Administration can only make profits through material exchanges and normal capital flows, and cannot inject funds out of thin air.
In the past, I linked the value of Huaxia currency to grain, because grain is the thing that ordinary people are most concerned about.
Using food as a guarantee can give them more peace of mind.
But at this time and at that time, the current Huaxia currency has won everyone's trust, and through the intermediary of rice, a huge price system has been formed.
Under such circumstances, there is a serious problem with the method of pricing food alone, and the price of food cannot be self-regulating according to market supply and demand.
Otherwise, it is very likely to cause chaos in the entire price system. ”
"That's right, other assets are easy to deal with, but the price of food is too sensitive, so everyone doesn't dare to act rashly, so they can only ask Master to come up with an idea."
Wei Minsheng thought for a moment and said, "You can choose some commodities that involve everyone, and redefine the price of Huaxia coins according to the value of these commodities." ”
"Use a variety of materials to jointly determine the price of Huaxia coins?"
"Yes, these selected materials only account for a small part of the overall value of Huaxia coins.
Therefore, no matter how much the price of these materials changes, it will not cause a large fluctuation in the true value of Huaxia coins.
The more materials selected, the easier it is to ensure the stability of the value of the Chinese coin.
At the same time, it has also found more reserve materials and exchange channels for Huaxia currency, so that it will not be able to guard the mountains of grain but have no money to use. ”
Hearing this, Xiaobao's eyes lit up.
"Clothing, food, shelter and transportation are things that concern everyone.
The raw materials of clothes are mainly cotton, silk and linen, the grain is mainly vegetables, meat, grain and rice, housing is the rent expenditure of the house, and the transportation expenditure is the expenditure.
In addition, infrastructure materials such as steel, cement, stones, river sand, and timber have a greater impact on people's livelihood, so they can also be brought in together.
However, the existing prices of these materials vary greatly, so how to determine the value of Huaxia coins? ”
"We can determine the share of each raw material according to the proportion of each raw material in the total consumption of Huaxia.
With the information platform in place, the relevant production data for the past three years should be able to be counted and the total wealth of these materials and the share of each material in the total amount can be calculated.
For example, if the total value of steel is 5 percent of the wealth involved in pricing, then it can affect the fluctuation of 5 cents in one Chinese coin.
In the case of using a variety of basic materials for pricing, the price change of any kind of material will not have a significant impact on the value of Huaxia coins.
As long as the value of Huaxia currency is stable and can be easily exchanged for other basic materials, no matter how the price of these materials changes, it will not affect the whole society, so as to realize the marketization of the price of all materials. ”