Li Yu nodded, and organized the language in his brain a little. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

"The production level of the Han is low, the land is out, and the people's income can only barely maintain food and clothing, and there is very little money to be used for consumption. Even many people can't save so many copper coins a year, and they can only save it every time they go out to buy, so their need for gold and silver is naturally not so urgent.

The people here are living better and better, and their incomes are getting higher and higher. They have at least 50 yuan in savings every month, and when they have money, they will save most of it, and they will also spend about 20 yuan.

There are more places to use money, and the problem of lack of copper money appears. Especially some large quantities of goods, every time they need hundreds of dollars, they used to be unaffordable, but now they can afford to save for a few months, and when the time comes, they will go out with hundreds of dollars, or even the money consistently, not to mention that they are easy to be thieves, and it is not convenient to pick them up.

Ignoring the fact that the circulation of the five-baht coin is becoming more and more insufficient, looking at the fiscal revenue of last year, it is clear that the original scope of the republic has become more prosperous, but the income has decreased slightly. In the final analysis, it is the lack of money that causes the wages of workers to fall, and the excess of commodities also causes the goods to begin to depreciate. Add the two together, and that's a drop in taxes!

If left unchecked, this situation will further increase and expand in the future, and then, as I said before, a series of social problems will arise. I'm going to mint gold, silver, and copper coins to avoid that! Li Yu said thoughtfully.

"The Führer!" Based on what he has seen and heard in the Republic for so many years, Yuan Lian can understand that what Li Yu said is not alarmist. He also read last year's financial statements, and at that time he thought that it was because of the establishment of railways and naval forces, so there was a decline, but now it seems that it is not so simple.

"Don't underestimate the currency, in the end it is an intermediary, and its main value is circulation. Just like the rule of Wenjing, the so-called situation that the rope tied to the copper coins in the treasury is rotten, in fact, can only show that the economy is very inactive, and the government has done almost nothing, which is not worth rejoicing at all.

Of course, it is not possible to circulate in large quantities, and it is easy to cause the depreciation of the currency. What could have been bought for five baht has become something that can be bought with two coins, so it is very painful for the common people whose wages are only 50 yuan a month. However, if the factory is required to raise wages because of this, there is no doubt that the pressure on the factory owner will increase, and even the factory will close.

What hurts me the most is that the people have been suffering for too long, so they have the habit of saving money. However, if these currencies are not in circulation, they will cause the currency to appreciate, which will also have an impact on the economy. These other forces don't know, so it's just a matter of not caring about it, and if I know this situation but don't care about it, that's my dereliction of duty! Li Yu said solemnly.

"Wechen is guilty, and he can't worry about the head of state!" Yuan Jian also felt that he was indeed a little lonely.

"Everyone has their own division of labor, and this aspect is not your responsibility, and you don't have the experience and knowledge in this area, so naturally it can't be your fault. It's just that since Yao Qing is in charge of the finances of the Republic, it's best to read the economic works, and I'll send you some later, so you can study them when you have time. Li Yu said with a smile.

"Wechen must study it carefully!" Yuan Jian didn't cope, he felt that he really had to understand a little, otherwise it would be his dereliction of duty.

"So, let's move on to the benefits of money!" Li Yu said with a smile.

However, he did not speak immediately, but motioned to the secretary to bring two cups of tea, this time the conversation was afraid that it would not end so simply, so there was no need to be in such a hurry.

Ouyang Xing worked on the side of the political commissar, which was already an independent department and also had an administrative establishment, so it was not good to continue to serve as the secretary of the head of state. On this basis, Li Yu appointed a new secretary, a sixteen-year-old boy, a native of Dongcheng County, Xiapi County, who was born in a merchant family, and was originally a merchant in Xuzhou, specializing in grain, and his name was Lu Su.

Lu Su Yunwen Yunwu, he liked to read when he was a child, and he also loved the art of riding and archery. The fact that he was born as a businessman was a hard wound almost cut off the possibility of his becoming a businessman. Seeing that Li Yu was recruited and served as a secretary, he even promised to let him enter the university for further study in the future, and he could become an official after graduation. So when his grandmother was not very optimistic about the republic, he resolutely came to take up the post of Li Yu's secretary.

At this moment, he didn't leave, after all, as a secretary, he had to help Li Yu take out the information he needed at any time, and be at any time at hand to help with some chores and the like. Especially now that he is able to hear about the relationship between money and the economy, he is extremely honored.

Li Yu did not let him out, but listened to the side, which was to acquiesce to him in accessing this knowledge. In fact, this can be regarded as the grace of knowing the encounter, Xiao Lusu doesn't say anything on the surface, but in fact, he is very grateful in his heart.

"The limitations of the five-baht coin will become more and more obvious with the frequency of economic activity, and the market needs gold and silver, two more valuable metals, to become the new currency. However, the purity of the business varies from place to place, and even if a standard of purity is stipulated, the issue of re-casting is inevitably involved in the case of the levy of gold and silver as a tax.

At that time, a new problem will arise, and that is 'fire consumption'! This is likely to be exploited by local officials as a new means of exploiting and exploiting local people, and even embezzling taxes. As for how they launder this part of the income, it is a pity that there is always a way to find a way, and there is no way to avoid it completely.

Then it can only be solved at the source, that is, directly mint three coins of copper, silver and gold coins, so that the quality of each one is the same, and then add serrations to the edges, which can prevent someone from secretly scraping off some of them for personal use.

The point is, as you said before, all three metals are too soft, so it's inevitable that some other ingredients will have to be added to them. In the case of the five-baht coin, for example, it contains only 80% copper, and the remaining 20% is lead and tin. In other words, for every copper coin minted, it is equivalent to earning a part of the money. Not to mention gold and silver coins, the more we mint, the more money we make.

Of course, it cannot be said that it is indiscriminately cast, and it must be determined by market needs and circulation. If you have too much, it will easily cause the currency to depreciate, as I told you before. Of course, there are benefits to devaluation, but without touching on this part at the moment, we will not continue to talk about this topic in depth.

I just want to ask, Yao Qing now seems to be able to mint this currency, or even formulate the charter in advance? When Li Yu said this, it was over, and the rest was for Yuan Lian to think about it himself.

Weichen believes that as long as the production of gold, silver and copper keeps up, then even if the gold, silver and copper coins are issued, there is nothing to do. Just what if the rest of the place doesn't recognize gold and silver coins? Yuan Lian took a step, but also showed another problem in front of Li Yu.

The Republic is like an outlier in today's China. It's hard for an outlier to be recognized by others unless it's so powerful that people can't easily offend. Obviously, the Chinese Republic is not able to do this at present.

"In the end, money is good for everyone, and as the economy grows, they will realize it. If we don't do it, won't they do it? At that time, the most involved is the issue of the exchange rate! Li Yu said with a smile.

"What is an exchange rate?" Yuan Lian heard a new word.

"Isn't it simple? Even the Republic of Dahan, the Han Kingdom of Guanzhong and the Han Kingdom of Yizhou, and even those local regimes began to mint money. But surely the process of minting and the purity of the currency cannot be the same!

For example, if the other party uses a silver coin with only 30% silver, can its value be equal to the price of a silver coin we have? If that's the case, I'll make a batch of currency with only 10% silver and directly destroy their economy!

In other words, because this cannot be done, there must be an exchange rate conversion. Since they have a silver component, then naturally only two, or even three silver coins, can be equivalent to one silver coin we have here.

At the same time, we must also increase the crackdown on counterfeit money, so as to prevent the other party from using a large number of shoddy counterfeit money to disrupt our market. The war of currencies is also a battlefield where the smoke of gunpowder cannot be seen, and even the cruelty inside is even more terrible than the battlefield! Li Yu said solemnly.

"I see, Wechen was taught...... I didn't expect things to get so complicated. Yuan Jian began to feel that it was not a good thing for his life to get better, and at least there were more issues to consider.

"This is a side effect of social progress, new problems will keep popping up, and new things will even change people's lives. Only countries that adapt to all this can become stronger and stronger; If you are willing to fall behind, then you will be beaten! No matter what the era, this is an eternal truth! Li Yu nodded and replied.

After a pause, he continued: "Fortunately, everyone is on the same starting line at present, on the contrary, the theory on our side has begun to gradually improve. Even our administrative model is changing, more departments will come into being, and the original departments will also change as needed, which is the trend of the development of the times, and no one can change it.

Those who try to go against the times will eventually be eliminated by the times! Not only us, but several other forces will also face the challenges of the new era. Whoever is more adapted to the needs of the times will be the final victor!

There will definitely be troubles, and even more trouble than before. It is no longer possible to simply rule by vertical arch, and inaction will only harm the government and the people. Not to mention that the people are no longer ignorant, and they will no longer allow the government to do nothing. Although opening up people's wisdom can bring a lot of benefits, it is definitely not a good thing for the government!

Then again, if you do, you're scared, and you're going to run away! Then I have to complain, 'What's the use of the government wanting you, it's better to change a group of people who have the ability to deal with this matter, anyway, there is no shortage of people who want to be officials'!" ”

The last sentence was very heartbreaking, so Yuan Jian and even Lu Su on the side couldn't help but show a helpless wry smile. Li Yu's words are not rough, power and obligation are equal, and with greater power, it is natural to pay more obligations.

It is no wonder that many families do not like to come to the Republic to be a leader, and it is indeed 'too tiring' to be an official here. But if you think about it, doesn't that mean that they are 'too incompetent'? (To be continued.) )