Shang Wen thought about it for a long time and didn't have a countermeasure. Helplessly, King Qin had no choice but to let Shang Wen think of a countermeasure and immediately execute it. King Qin didn't want this matter to be dismissed. The longer the time drags on, the more unfavorable it will be for the overall economy of Qin. In particular, the king of Qin learned that the half-tael banknotes of the Qin State had been widely circulated in the six countries. Think of this as a precursor to reunification. This good omen must be maintained for good reason.

Shang Wen thought of only increasing the amount of paper money printed. Increasing the money supply by simply printing paper money. But there are big drawbacks to this approach. That is, the issuance of more and more banknotes has the potential to trigger inflation. The amount of money in the state of Qin was based on the amount of gold reserves. Calculation of market demand. It is not the calculation of the amount of narrow money and the amount of broad money in later generations.

Whatever? The lack of money supply is a problem. But how to provide such a large amount of money. Is it directly injected. These banknotes represent wealth.

There are also banking issues. Now the problem has not spread to other areas. In particular, the real economy has maintained its original pace of progress. If it's a long time. It is bound to drag down the entire real economy. If that's the case. Oh, my God. It is estimated that the Qin State felt the feeling of the Great Depression earlier. It's a taste that many people won't forget. That would be very undesirable.

But how to solve the problem? That's the key.

"Let's have a glass of juice!" Yingyu poured Shang Wen a glass of juice.

"Oh! Thank you. Shang Wen said politely.

"Is it worth it between the two of us? Again. You are also for me. It's nothing. Yingyu said gratefully. Yingyu finally realized the seriousness of the problem. Otherwise, King Qin would not have come to see Shang Wen in such a hurry. Shang Wen, on the other hand, kept going back and forth thinking about how to solve the problem. Yingyu could only watch. In her opinion, Shangwen can do anything.

Take a sip of the convenience juice. This is a powdered fruit juice powder made by drying and grinding, adding sucrose, nutritional powder, and vitamins. As long as it is dissolved with water, it can be drunk. It's very convenient. This type of powder was only popular in the Qin state. Because Qin's domestic demand was large, it was not enough to export to other countries.

Women of the Qin State. Especially for working women. Research shows: Nutrients are a great help to women's skin. Especially those women who sit in the office. Lack of a certain amount of physical activity. A glass of juice couldn't be better for them. Yingyu is one of those consumers.

"The Great Depression. The Great Depression. Shang Wen muttered unconsciously. And Yingyu looked at Shang Wen strangely and muttered this spell in his mouth. Go back and forth in circles. muttering something that Yingyu didn't understand. This made Yingyu very depressed.

"That's right. How I didn't think of it. Shang Wen said excitedly. Then Shang Wen quickly picked up a pen and paper to record. The Great Depression. President Roosevelt. This is a president who has made a difference. Especially to solve the thorny problem of the Great Depression.

The first move in power was to rectify the banking sector. This is very similar to the situation Shang Wen faced. The Great Depression, for example, was a type of monetary tightening. Businesses are closing. It is the lack of money supply in the market. Lack of liquidity in money. At this time, the increase in interest rates by banks is like adding fuel to the fire. This only accelerates the withdrawal of money from the market. Further reduction of the money supply.

What Shangwen wants is proper Shangwen inflation. And not deflation. Deflation is good for consumers. But it's a disaster for businesses.

The amount of Qin and a half tael banknotes demanded by the six countries was equivalent to half of the money supply of the Qin state. And this demand is also increasing. Especially the future capital investment boom. It's just emerging. If the time is magnified again. Then it will expand indefinitely.

It was only then that Shang Wen realized that he had not taken into account the low interest rate policy of banks at that time. That is. At that time, I just thought about giving out loans. and ignore the problem of the money supply used to maintain the liquidity of money. This is also a question that Shang Wen did not think of. At that time, no one noticed that other countries also needed Qin's half-tael banknotes.

Gradually, an idea of Shang Wen surfaced. Bank problems are solved by the bank.

For example, the first step of Roosevelt's New Deal was to shut down the banks. Rectify. Solve the capital problem. Other problems can be solved in a homeopathic manner.

All Shang Wen's thoughts began in the bank.

The next day, a shocking piece of news appeared in the newspapers. "Extra, extra, the bank took three days off for rectification. Take a three-day vacation to rectify. As soon as this news came out, it hit the continuation of the run. Bank vacations. You didn't cash it out. This has greatly eased the pressure on banks' funds.

But it was only for three days. If there is no new injection of funds. Banks continue to face huge problems.

This was followed by the market peddleing large quantities of gold reserves. The 30-to-1 ratio of the price of gold was suddenly reduced to 29.3 to 1. Sell gold to absorb half a tael of banknotes in the hands of the people. In particular, investors from various countries, who buy gold on behalf of the country. A portion of the gold flowed out of the Qin state. This is also a good thing for the Qin State. Most of the gold was concentrated in the Qin state. The Qin State had to face the problem of the loss of monetary value.

This is only a superficial solution. Subsequently, the government asked the banks to form banking associations as well. It is required that the benchmark interest rate cannot be changed at will. At the same time, the reserve requirement system was invented. This system is designed to address the run. Wenyang Bank adjusted the interest rate privately. was fined 100,000 gold. It's easy for them. Because Shang Wen ordered the government to print about 30 million gold banknotes into the market. The funds were injected into the banking sector with special war funds for the project. In this way, it is equivalent to the Qin government solving the problem of war expenses by printing paper money. It's the equivalent of changing operators halfway through. It's not just war specials.

There is also a railway model. Transportation. Infrastructure, education. Qin Guo had an extra capital of 30 million gold for no reason. After this capital flows into the market. It greatly expands the currency circulation. At the same time, it also plundered the wealth of the countries of the six countries by passing it on to foreign countries.

Labor factories in Korea, coal mines in Zhao State, timber in Yan State, Haiyan in Qi State, silk in Chu State, non-ferrous metal mines. The Qin State quietly concentrated the wealth of the Six Kingdoms in the Qin State in a way that was not yet aware of it. And this way is that the Qin State only needs to order the printing of paper money at full capacity. No one knows how many banknotes a day were printed by the printing press of the Qin State. How much wealth does these banknotes really represent? Nobody knows. Even the Qin State could not count the specific figures.

This is what the Qin State deliberately did. Rather, the market demand requires it to be done. The expansion of the original capital accumulation plus the expansion after the export of capital. Money represents the power of capital. Everyone needs capital. Then the state of Qin supplied capital.