Chapter 25 Bad money runs rampant and expels good money
(Thank you for your strong support~)
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At the end of the banquet, as soon as Zhao Dezhao stepped out of the palace gate, Zhao Kuangyin waved his hand and left him.
Zhao Kuangyin was a little angry in the palace, and he didn't understand what Zhao Dezhao said about Quannan Erzhou canceling the tribute and drawing a profit instead, he complained a little about this, and said: "At the banquet, I asked why you said to Huang Envoy Jun not to pay tribute, as long as Quanzhou has a profit?" Zhao'er, you know that the tribute represents the face of my Great Song Dynasty, and now the Great Song Dynasty is in ruins, and the people are still living in poverty. And my father is thinking about the financial and tax expenses every day, and his head is big, and everyone here and there is in urgent need of money, if there is no tribute, not only will my Da Song be disgraced, but also because Zhao'er will lose a source of money, and my father is unwilling! β
"Father, this matter is just a little bit of a small profit, and besides, the sons are also looking for a way out for their father when they visit Huainan this time. It is said that there are many foreign merchants in the port of Quanzhou, and the daily ships come and go too much, and if this is included in the management, the annual tax will be more due to the cost of the ships, and the dividends will be earned back at that time. And all kinds of people in Quanzhou, their eating habits are different, and Erchen also plans to open Guangwei Restaurant in Quanzhou! In this way, you will get another income! β
"Oh! How is Zhao'er's Guangwei Group doing? β
"Guangwei Group is still very viable, as long as it takes time to spread all over the Great Song Dynasty, the benefits it generates will be even more abundant."
"What Zhao'er said is true, it's just that this time Liu Sicheng sent an envoy to Quanzhou, I don't know if it will bring good news to the Great Song Dynasty!"
"Later in this matter, the ministers will explain the stakes to Liu Sicheng, please rest assured, I think that the stay will also comply with the arrangements of my Great Song Dynasty, and the court will benefit from the source of maritime commercial taxes."
In fact, Zhao Dezhao also wanted to say that after the unification of the Great Song Dynasty, the city shipping department would be set up again, and Quanzhou could also become the military port of the Great Song Dynasty, and the maritime defense line would be set up in Xiamen and other places at that time.
"By the way, father, how should King Cao's matter be arranged? The retainers plan to settle in the palace first, and then talk about it in detail after a while. β
"It's okay, King Cao will be handed over to Zhao'er for the time being, you must keep an eye on it, don't make any trouble."
"Yes, the retainers are retired!"
After a long talk between Zhao Dezhao and Zhao Kuangyin, he said goodbye to Zhao Kuangyin and returned to the dormitory. After that, Zhao Dezhao made a statement to Liu Han, and Liu Han followed what Zhao Dezhao said.
After staying in Kaifeng for three days, Liu Han of the Song Kingdom Honglu Temple began to set off and went south with Huang Yuxi in Quanzhou.
On November 23, the official ship set sail, and Liu Han carried the items and holy decrees given by the emperor to the south.
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At the same time, on the streets of Kaifeng, Zhao Dezhao, Xiao Guizi and Zhao Xin left the palace early in the morning and came to hang out near Bianshui in the south of the city.
The ghost market in Kaifeng is very lively in the early morning, selling some breakfast, and since the introduction of various snacks for the restaurant, the streets of Tokyo are full of imitations.
Other shops and some mountain people are selling freshly picked vegetables and meat.
"Guest, steaming buns, freshly bakedβ"
"Selling steamed cakesβ"
"Wontons, a penny and a bowlβ"
"Fresh foodβ"
"Meatβ"
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Zhao Dezhao three people out of the palace have never eaten breakfast, and the breakfast in Kaifeng City has always been Zhao Dezhao missed, since going to Huainan for five months, has been not eating well, sleeping well, rare to go to the south of the city today to hang out, that is, to come to a food stall on the side of the street, the main house is called "Bao's breakfast shop".
"Little Er, come three bowls of wontons, three drawers of xiaolongbao, and three bowls of tofu flowers."
"The two little brothers, this official will sit down, wait a while, and come right away-" Xiao Er turned around and went in to summon him.
Before long, three bowls of wontons, three drawers of xiaolongbao, and three bowls of tofu flowers arrived on the table quickly.
Without waiting for each other's reaction, the three of them moved their index fingers, opened their sense of taste, and finished eating in a short time.
"Temple... Childe, this Kaifeng snack is so delicious! The little noble man touched his mouth, smashed it, and touched his belly, showing a cute look, as if he was still unsatisfied.
Zhao Dezhao narrowed his eyes and whispered: "Of course, do you know that most of these foods are from this ...... The hand of the son, you can taste such a delicacy in the harem in your spare time, alas--although the food in the palace is good, it is still fragrant outside! β
"Temple...... Don't say that, Childe! β
"Indeed!"
After the three of them finished eating, Zhao Xin paid the money and handed it to the shopkeeper, and then Zhao Xin took the money handed over by the shop, but weighed it in his hand, and felt that the money was very light and thin, and the condition was not good, suspected of fake * money, and then turned the change coin over to see, it turned out to be a big money "Yongtong Spring Goods", and this big money was the coin minted by Tang Guo, he grabbed the collar of the merchant, and asked: "Why is this money light and thin, no weight at all, is it fake * money?" β
And the merchant was caught off guard, and Ah Ah screamed as if he was killing a pig, but fortunately there were not many people around.
The merchant said: "This official, wronged! This is Jiangnan money, passed down from the Tang Kingdom, the coins used in the shops recently are all this money, if you don't believe it, you can ask a few shops around, probably so. The villain doesn't dare to deceive! β
Zhao Dezhao took the coin from Zhao Xin's hand and saw that it was really the "Yongtong Spring Goods" of the Tang Kingdom, this coin he had seen in Huainan, and the copper coins he saw in his hand today were light in size, and the fineness looked like iron and tin money, which was indeed of little value, and the people wanted to spend money to buy goods, they must first trade this small bad money, and these money were considered worthless by the people, without the support of the imperial court and local officials. Over time, most of the coins in circulation will become bad money, which is the expulsion of good money.
"Forget it, Zhao Xin! Let's let this shopkeeper go! I see that this merchant is not lying, it seems that this matter is very tricky, if the market is all for this Yongtong spring goods, bad money is rampant, I am afraid that it is not good for my Song Dynasty business. And I did hear about this money in Huainan and other places, and I didn't care much about it at the time, but in October last year, the lord of the Tang Kingdom had abolished this money, but I didn't expect to be able to see this money in Kaifeng now, but now it has been flooded, if it continues like this, there will be a big mess. Zhao Dezhao thought about it, no, he planned to report the matter to Zhao Kuangyin after returning to the palace to discuss the matter.
"Temple...... Childe, how should this be? Zhao Xin hurriedly asked,
And the little nobleman on the side didn't know what the problem was with this money, so he just listened to these two talking.
"You let this merchant go first, let's go to a few shops around, and then we'll go to the restaurant to see if it charges light money, if most merchants are like this, I'm afraid things are unexpected!"
Zhao Xin sent his hand, and then the three of them went out of the shop, walked around the shops, and after a circle, the situation was indeed as the merchant said, and the light money of the Tang Kingdom had quietly appeared in Kaifeng, and this money was bad money.
In his previous life, Zhao Dezhao had studied economics and knew that this was the phenomenon of bad money driving out good money, and the Tang State had lost its land because of the successive wars, and the money and grain had been consumed, the people were hungry, the treasury was empty, and the prices were expensive.
With one as ten, the Tang government did not pay enough tribute to the court of the Zhou State, so it made this decision to exploit the wealth of the people, but in the past, the common people would be miserable, and Zhao Dezhao, who knew that this scourge was endless, knew that the court must take strong measures to abolish the circulation of this money in the people, otherwise it would be used by those who had the opportunity to take advantage of it.
When "the money is multiplied day by day, and the money is dying day by day", the state will not be able to fulfill its duties.
At this moment, Zhao Dezhao looked at the crowd of people coming and going in the market, he had been thinking about it, this matter needs to be solved urgently, and this matter seems to be the only way to let the imperial court go out, mint enough currency, issue it to the world, and issue a decree to prohibit light and small evil money and iron and tin money. This is the best way to go.
Zhao Dezhao thought so, he originally came out today to relax, but now he was annoyed by this matter.
Immediately, Zhao Dezhao and the three went to Wang Pu's mansion, reported the matter to Wang Pu, and then asked Wang Pu to come forward to tell Zhao Kuangyin, and he was just a discoverer of clues.
Zhao Dezhao arrived at Wang Pu's mansion and asked Zhao Xin to wait at the gate of the mansion, and he would come out after a while.
Wang Pushang was in the house, he saw Zhao Dezhao and said, "His Royal Highness King Liang, a rare guest!" Why do you have time to come to the old minister's mansion today, I don't know what's going on? β
"Sir said with a smile, how dare the student, it's just that the student went out of the palace today and found such a thing in the market!"
After Zhao Dezhao finished speaking, he handed a few "Yongtong Spring Goods" of the Tang Kingdom in his hand to Wang Pu.
Wang Pu took a look at it, this money from the outside, the same as the currency in the Great Song Dynasty, but in terms of weight is obviously a lot lighter, he is erudite, see the words on the coin and know that this is the coin of the Tang Kingdom, he looked at Zhao Dezhao suspiciously, and said: "How to get these coins of the Tang Kingdom in the hands of His Royal Highness?" β
Zhao Dezhao told the whole story: "Sir, this is what the kid saw in the market this morning, and the kid asked the shopkeeper, he said that the market has basically been this money recently, and he sometimes doesn't dare to accept this money, after all, this money is more than one grade worse than the coins in the Great Song Dynasty in terms of weight and quality, so the store can't help it, and is anxious to transfer the money out." The boy asked him if that was the case around here, and he nodded. β
"Your Highness, the copper coin is light and thin, I am afraid it will not be good for the court, and it will go on like this in the long run...... I'm afraid ......"
"Therefore, the boy came to the gentleman's house today for this purpose! Please also ask Mr. to report this matter to his father when he goes to court tomorrow! β
"Your Highness, the matter of tomorrow's performance will be handed over to the minister, Your Highness, please rest assured!"
"Thank you, sir, on behalf of the people of Dezhao!"
"Fortunately, this matter was discovered by His Highness, otherwise there will be endless troubles!"
"With Mr. Lao, Dezhao will say goodbye!"
"Your Highness, go slowly!"
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ps. Song Dynasty salutation
A salutation of the emperor
In addition to the prince and the princess, whether it is the queen mother, the queen, the concubine, the minister, the eunuch, the palace maid or the commoners, they usually call the emperor "the official family", or "everyone", and the people who are forbidden to discuss in private are also called "officials". But when the court or the chapter is played, it is to be called "Your Majesty". Ministers are generally referred to as His Majesty when discussing matters with the Emperor.
In short, compared with "official", "Your Majesty" is a more formal and prudent title. The Empress is generally referred to as the Emperor's official family, but she is also referred to as Her Majesty on formal occasions or when discussing very serious matters.
Bad money drives out good money (badmoneydrivesoutgood) means that when a country circulates two currencies with different actual value and the legal exchange rate remains unchanged at the same time, the currency with high real value (good money) will inevitably be melted, collected or exported and withdrawn from circulation, while the currency with low real value (bad money) will flood the market. In the 16th century, Elizabeth of England proposed the "Gresham's Law", also known as Gresham's Law, who observed that consumers kept the stored currency with high fineness (undebasemoney) (high content of precious metals), and used the low-fineness currency (debasedmoney) for market transactions and circulation.