Bashu is the country of abundance, since ancient times the abundant products, extraordinary, but the traffic is blocked, and the lack of precious metals, after being forced to be helpless, in the early years of the Great Song Dynasty, Chengdu 16 wealthy merchants jointly endorsed, issued the world's first paper money - Jiaozi!

In the first year of Tiansheng, Zhao Zhen officially issued a decree to allow the printing official to hand over his son. Pen % fun % Pavilion www.biquge.info

At that time, Jiaoziwu, which was located in Yizhou, issued 1.26 million Jiaozi with 360,000 yuan as the principal, with a reserve ratio of 28%.

Just looking at this record, it should be clear that the finance of the Great Song Dynasty was very prosperous.

Currency, margin, credit, exchange, settlement, modern things, the same as the Great Song Dynasty.

It is precisely because of this that Wang Ningan founded the Royal Bank, and also appeared on the altar to talk about currency, banking, and interest rates, which was very popular. The Great Song Dynasty has existed for a long time, and Wang Ningan just systematically sorted it out and rose to the height of theory.

It's just that one thing has to be admitted, no one can resist the windfall profits brought by paper money.

A piece of paper, as long as it is printed with a beautiful pattern and a random number is written, represents wealth, and you can buy goods and pay taxes...... The temptation is really too great.

After decades of implementation, both the private and official Jiaozi are facing the risk of serious depreciation.

In order to obtain huge profits, the official keeps printing Jiaozi, there are more Jiaozi on the market, and Lao Baihui is not a fool, so the value of Jiaozi will naturally decrease, and in turn, the official will continue to print in order to maintain interests, making a dead end.

The currency game is like a wild dog that has escaped from the leash, no one can control it, and there is only one final outcome, when the cost of printing banknotes exceeds the face value of banknotes, it will naturally stop...... For example, the eternal perfect person with a space in front and back, and the golden yuan coupon that came out is like this!

Tens of thousands of times inflation is enough to destroy all the ordinary people outside of all the big families, and needless to say, the common people sent him to Xiandao in the East China Sea with a small cart to retire.

The over-issuance of currency and the serious depreciation of the currency is, of course, a disaster.

Zhao Zhen has listened to Wang Ning'an's lectures, and after pondering carefully these days, he feels more and more that Jiaozi is a time bomb, and if it can't be properly solved, something will happen sooner or later.

His Majesty the Emperor was worried every day, and even put aside the implementation of the Qingmiao Law, and went to the racecourse outside the city, without taking anyone with him, just to hear what Wang Ning'an had to do.

"Your Majesty, before the minister gave a lecture on the altar, he tried to give a lecture, and some people said that the minister only spoke half of it, and left half of it!"

Zhao Zhen blinked and said with a smile: "Is it your second wife?" I heard that her two brothers are both Jinshi of Jinke, and they are very talented! ”

"Xiaomei is naturally smart, but she is not good at this, it is Xiao Guanyin who said this, a talented Khitan girl."

Zhao Zhen smiled and said: "I really can't imagine that Wang Qing is young and romantic, and there are a lot of flowers and plants around him!" Do you want me to marry you again, and marry three wives together! ”

"Don't!"

Wang Ningan was so frightened that his hairs stood up, what kind of joke, the two of them couldn't be even! Besides, even if he had the heart, he wouldn't beat Xiao Guanyin's idea, that woman was too terrible.

"Your Majesty, let's get down to business, in fact, it is important for the currency to remain stable, but in fact, the best thing is to stabilize and depreciate, and the value of the currency has been low for a long time, which is better."

Zhao Zhen was puzzled, "Wang Qing, didn't the decrease in the value of the currency take away the fruits of the people's labor?" Will they be willing? ”

"So first of all, we have to keep it stable, and then we have to keep the inflation rate within a certain range."

After listening to Wang Ningan's class, Zhao Zhen is not unfamiliar with some terms.

There is a certain inflation rate, which means that the money in hand will become less and less valuable, which will prompt people to consume as soon as possible and stimulate the economy, and the currency will depreciate for a long time, in order to resist the depreciation, it is necessary to expand investment and create more wealth. It is equivalent to a whip, constantly urging the people to move forward.

And one of the most important benefits of inflation is that it brings about higher wages.

In the later generations experienced by Wang Ningan, it was an era of great financial turmoil and great changes...... Many people in China complain about rising prices, complain about this, complain about that, but they don't know that many countries want to demand inflation but cannot!

For example, a certain island country also used negative interest rates and easing them indefinitely, but as a result, they were deflationary! It's like a diabetic person, no matter how much nutrition and super supplements he eats, all of them are discharged, and there is no effect at all, and the weight is still decreasing...... Inflation is painful, but deflation is even more painful!

It is better for prices and wages to rise together than to fall together with prices and wages, or wages to fall and prices to rise!

This time, Wang Ningan and Zhao Zhen talked a lot, and they talked about another part that he had never talked about to the outside world.

Hearing this, Zhao Zhen has the urge to write it down with a small book, these are the keys to real financial management!

Wang Ningan told Zhao Zhen that if it is a metal currency, it is difficult to have an inflationary effect.

The reason is very simple, first, metal currency is limited after all, and China's economy is too large to be enough, and in the long run, it has been in a state of deflation.

Of course, there have been inflations in history, such as wars, famines, and the change of dynasty, and the price of food can soar. However, as long as it stabilizes, it will not be long before food prices fall rapidly and fall for a long time.

In fact, during Zhao Zhen's tenure, there was serious inflation, for example, 20 years ago, Li Yuanhao made a rebellion, and the imperial court issued iron coins, and issued ten coins, which caused grain prices in Hebei and other places to soar, prices rose, and the people were miserable.

It is only in recent years that the situation has recovered considerably.

Metal money, you can't play inflation, only paper money can create controllable inflation!

"Your Majesty, now the depreciation of Jiaozi is because of the relative Bashu market, Jiaozi has a surplus, if the Jiaozi of Shu can be promoted to the northwest, in this way, the currency value of Jiaozi can be restored. Of course, in the future, there will be strict rules for the issuance of Jiaozi, and the minister has the courage to suggest that the power to issue Jiaozi be handed over to the Royal Bank, and as for the number of Jiaozi, it will be formulated by the three divisions. In this way, the three divisions and the bank will supervise each other and restrain each other to ensure the safety of Jiaozi. ”

After listening to this, Zhao Zhen closed his eyes and pondered, and said quietly for a long time: "Wang Qing, why did you choose the Northwest Jiaozi, there must be a deep meaning, right?" ”

"The minister is for ......"

"Don't say it!"

Zhao Zhen dipped his finger in a little tea, and the monarchs and ministers wrote together on the table, and after writing, they looked at each other and immediately laughed.

The three words they wrote were "Seedlings Money"!

Wang Anshi opposes the issuance of seedling money by banks, one of which is the source of the principal. Wang Ningan thought of Jiaozi at that time, but the conditions were not ripe and he couldn't throw it out.

It's just that Zhao Zhen actually mentioned it first, how could he let it go!

When Jiaozi is included in this system, the whole plan becomes flawless.

The country of abundance, incomparably rich, with the Sichuan passage of Jiaozi, as the green seedling money, lent to the farmers in the northwest, after the demand expands, the value of Jiaozi currency can rise, and the products of Bashu also have a market, it is really the best of both worlds.

"Your Majesty, the minister sees it this way, first of all, we must build a straight road from Bashu to Hanzhong, which extends all the way to Jingzhao Mansion, and now that there is gunpowder and cement, it will not be too difficult to build a big road leading to carriages. Of course, the cost will not be less, at least 20 million! The Jiaozi business was transferred to the Royal Bank, and the Royal Bank issued Jiaozi to provide funds for this road out of Sichuan, and at the same time used Jiaozi to purchase materials from the northwest and recruit manpower, and Jiaozi entered the market in the northwest. Then the Royal Bank will provide green seedling loans to the people, all of which will be settled with Jiaozi, so that this game of chess will live! ”

After Zhao Zhen listened, his brows instantly stretched, and he laughed loudly, "Shu Dao is difficult, Shu Dao is difficult!" Wang Qing is going to turn Shu Road into a thoroughfare! ”

This plan made Zhao Zhen very satisfied, first of all, it resolved the Jiaozi crisis, and secondly, it solved the source of Qingmiao money, and it could also revitalize the economy of Bashu and the northwest, and the most exciting thing was that it could also build a big road to Shudi!

At the beginning of the Song Dynasty, Bashu had a big mess, in order to quell the rebellion, the court paid a very big price, so many years, the emperor of the Great Song Dynasty was also worried, for fear of trouble.

When the road is opened, the cavalry will be able to drive straight in, transport materials, and personnel exchanges, I don't know how many times faster, and there will be no need to worry about chaos.

Moreover, Bashu's grain, Shu brocade, tea, tung oil, ore, wood, and all kinds of good things can be transported. After the Great Song Dynasty moved its capital to Luoyang, it was already a little tight just by relying on the supply from the southeast. After all, the capacity of the Grand Canal is limited, and the sediment accumulation is serious, if the road to Bashu can be opened up, and there is a big rear, then the whole situation will be very different.

In addition to these, there is another point that makes Zhao Zhen extremely excited!

In any case, Jiaozi is paper money, there is no cost, over-issuance is a certainty, as long as it is not excessive!

In other words, Zhao Zhen has an extra money bag in his hand, a money bag bigger than the third division!

Isn't it to recover Yunzhou, isn't it to attack Western Xia, isn't it to open up the Western Regions?

Congratulations to His Majesty the Emperor, the money is here!

Zhao Zhen is simply radiant, the spring breeze is proud, and he is twenty years younger all of a sudden!

When he scrutinized all the details and found that there were no loopholes, he smiled happily: "I read the historical records, and I still remember that Emperor Wu of the Han Dynasty killed the white deer in Shanglin Yuan in order to fight the decisive battle in Mobei, and made it into a one-foot-square white deer skin coin, a white deer skin coin, worth 400,000 yuan!" At that time, Dasi Nong Yan Yi advised Emperor Wu, he said that a jade bi was only a few thousand dollars, and the white deer skin with jade was actually 400,000 yuan, which was really ridiculous. Yan Yi also lost his life because of this, if Emperor Wu could have a financial management master like Wang Qing by his side, maybe the Han Dynasty would be far more than four hundred years! Wang Qing's talent, although Guan Zhong, Le Yi, can't be compared! ”

Wang Ningan's old face was flushed, and he just had thousands of years of knowledge than others, so he could only wave his hand again and again.

If you have money, you have to be angry, Zhao Zhen was overjoyed, let people lead the horse, he flew on the horse, and said with a smile: "Wang Qing, not far away is the forbidden army camp, follow me to see the majesty of my Great Song Iron Horse!" ”

"Obey the order!"

Wang Ningan smiled and let people bring their own jujube red horses, two monarchs and ministers, galloping horses, laughing and laughing, as if picking up a dog's head gold......