Fortunately, in this era, it is not like the Ming and Qing dynasties, women should not go out of the door, do not step out of the second door, and stay at home all day long. Pen Fun Pavilion www.biquge.info If you go out and don't walk with your head down, others will point fingers behind your back.

In the territory of Dashun, in addition to the ladies of the scholarly family, they will be raised in the deep boudoir, and the women of poor families have to work to help supplement the family. Although there are also people who say gossip behind their backs, but under the pressure of survival, who cares about any gossip? So even if she is a beautiful woman like Zhou Zhiruo, walking on the streets of Chang'an City, at most she only attracts the attention of passers-by, and no one will say anything, it is commonplace.

Just as Lu Chengqi sighed, Zhou Zhiruo asked again: "Then what is this monetary policy?" ”

Lu Chengqi was asked again, in ancient times, there was no interest rate, but there were private usury, but the imperial court let go of such a lucrative project as lending to the people. Previously, when Xu Chongguang was the secretary of the household department, he cried out vigorously, saying that there was no money left in the treasury, and a copper coin had to be broken in half to spend. In fact, it is not that Dashun's economy is not good, but that the tax policy, which is mainly based on agricultural taxes, restricts the revenue of the state treasury. Even if salt, iron, wine, and tea are all sold, they are not enough to make ends meet. Until Lu Chengqi proposed to levy commercial taxes, he not only safeguarded the interests of merchants and avoided other harsh taxes and miscellaneous taxes, but also directly filled the treasury and encouraged commercial development, which can be described as killing three birds with one stone.

In monetary policy, in addition to interest rates and credit, there is also a foreign exchange, which is also not needed in this era. In the economic circle radiating from Dashun, the copper coin of Dashun is the strongest currency, and its status is equivalent to that of the US dollar in later generations. In addition, Dashun's foreign trade has been in a trade surplus, and the foreign exchange policy seems to be useless.

In addition to these three aspects, how to explain to Zhou Zhiruo what monetary policy is? Lu Chengqi was anxious, and his brain teaser was in a hurry. Suddenly, a flash of inspiration finally found a topic that Zhou Zhiruo could understand: "Zitong, you should know that there is a shortage of money in my Dashun Jingzhao Mansion and other places, right?" ”

Zhou Zhiruo nodded, she had been in the Huangzhuang for so long, so she naturally knew what the money shortage was: "Your Majesty, isn't this money shortage solved by Your Majesty's silver coins, gold coins, and the Royal Bank?" ”

Lu Chengqi smiled bitterly: "How can there be a thing in this world once and for all, how did the money shortage cause it?" It was because the price of copper coins was depreciating more and more, and the gentry did not want to use it. Zitong also knows that if it is enough to exchange the consistent copper coins, it is enough to have a thousand words. But now there are 800 texts, and they are all counted. This is the face value of copper coins, which is far less than the actual value. This is because when the economy is developing more and more, there are more and more commodities, coupled with the progress of coinage technology, it is reasonable that copper coins are worthless. However, the copper coins of Dashun are far greater than the value of the domestic ones in Liao, Goryeo and Japan. In Jingzhao Mansion, a copper coin may not be able to buy a meat bun. But in the neighboring countries, a copper coin in Dashun can buy much more goods than in Dashun. These official gentry would rather go to Japan to use copper coins than use them in Dashun, which is why there is a shortage of money......"

Originally, Zhou Zhiruo also knew everything about how the money shortage came about. Now after listening to Lu Chengqi's explanation, he suddenly realized: "Then Your Majesty used silver coins of higher value to exchange them at a loss to the gentry, just to replace the copper coins in the gentry's treasury?" ”

Lu Chengqi was no longer surprised by Zhou Zhiruo's economic talent, nodded and said, "That's right, it seems that I have suffered a loss, but in fact, it is not." There was a lot of silver in the treasury, and not all the silver coins were minted in silver. It can be exchanged for copper coins with large circulation, and it is still profitable. In this way, the value of copper coins will rise a lot, and the value of silver coins will also be slightly reduced because of the large number of people entering the market, and in general, it will be worthwhile to maintain the currency in a benchmark amount and stabilize the money shortage. Monetary policy, to put it like this, when money is scarce, we have to increase the minting of silver coins, so that the value of copper coins will increase; When there are more copper coins in the market, then reduce the inflow of silver coins, so that the price of goods is stable in a range. As I said earlier, there is no one-size-fits-all solution, and the economy is always in flux. Coupled with the profit-seeking of businessmen, the development of the economy will certainly not be very healthy. Therefore, monetary policy and the imperial court's regulation and control of the economy are very necessary. ”

Zhou Zhiruo was silent, lowering her head to digest this knowledge. Seeing her like this, Lu Chengqi didn't bother with words, letting Zhou Zhiruo digest this knowledge quietly.

After a long time, Zhou Zhiruo suddenly asked: "Your Majesty, even if we know this truth, but the other ministers don't know, what should we do?" If you ......" Speaking of this, Zhou Zhiruo stopped. In ancient times, it was taboo to talk about things after death, and Zhou Zhiruo knew that her words were inappropriate, so she quickly stopped talking.

Lu Chengqi said with a smile: "In Dashun, there are still such things as books. When I have cleared my mind, I will compile a book of "Capital" and publish it all over the world, so that all businessmen in the world will be alert, and all ministers will understand my approach. By the way, the Royal Bank has branches in almost every province, and my plans for the next phase will be implemented soon. ”

Zhou Zhiruo asked, "What is Your Majesty's plan?" No, if the concubine should not talk about political affairs, please punish His Majesty. ”

"How can I be willing to punish my little Zhiruo? Haha, this plan is related to the Royal Bank, and it is nothing for Zitong to know. I feel that the excessive usury of the people has caused many peasant households to look down on the sick when they are sick, and as a result, they have lost their only land when they borrow money to see a doctor. Land annexation is the root cause of the fall of a dynasty, and if I want to put an end to land annexation, I must first provide low-interest loans to give the people of the world time to recuperate. For low-interest loans, Royal Bank is the most suitable. It's just that this plan can only be implemented in conjunction with the household registration system of the Ministry of Households, and it takes a long time to prepare. ”

Zhou Zhiruo immediately reacted: "If Your Majesty's plan can be implemented smoothly, the people of the world will definitely be grateful for Your Majesty's holy grace." At that time, the treasury will be free of money......"

Lu Chengqi smiled bitterly: "Where is it so simple, involving money and silver, it is most likely to breed corruption." If the supervision is not strict, the moths raised by the Royal Bank are more serious than the corruption of the household department. ”

Zhou Zhiruo was born in a family of eunuchs, this truth is very simple, and she can understand it. Lu Chengqi was very happy and continued: "In my vision, the Royal Bank is the leader, in charge of coinage. In addition to minting coins, it also has a deposit and withdrawal business, well, that is, like those money banks attract money with money. There is also a lending business, an investment business, and so on. If my vision can be implemented, this Royal Bank will be the most profitable, after all, it makes money from money......"

These words were beyond Zhou Zhiruo's understanding, and she persevered in asking, and finally understood what the access business and investment business were. Understanding the meaning, Zhou Zhiruo gasped: "Your Majesty, are you going to pocket all the money in the world?" (To be continued.) )