Calling these people back is actually to take a break and make them firm in their beliefs, as for the specific situation, they don't really care, they just know that they have food and money in their hands, and they can fight this year.

The heated discussion that Yang Chao was expecting did not happen.

Only Huang Fengfu was worried, thinking that Yang Chao's fiscal policy was too aggressive.

"My lord, are you going to issue bonds this year?"

"Send at least 20 million, and if 20 million is not enough, send 30 million."

Huang Fengfu said: "Last year's 10 million should be returned this year, I predict it, this year's income will be at most 20 million, Zhejiang, Jiangxi and Shandong all had wars last year, my lord, you said that you want to be tax-free for a year." If the military and the government continue to spend as usual this year, I am afraid that they will not be able to repay the money, so how can they dare to borrow? ”

Yang Chao said: "It's because I can't pay it yet, so I want to borrow it." ”

Huang Fengfu exclaimed: "Isn't this tearing down the east wall to make up the west wall, this is profitable, when will it be paid off?" ”

Yang Chao said: "Who said that the governor plans to pay it off." If you don't pay it back, as long as the government's credit is not bankrupt, you can always borrow money, and it is always more cost-effective to repay the interest than to repay the principal. ”

The British Empire in later generations owed the Dutch hundreds of millions of guilders, with an annual interest of more than 20 million yuan and more than 200 tons of silver, but they did not repay the principal for 300 years, absolutely not because they could not afford to pay it back, but because they thought it was more cost-effective to repay the interest.

As long as the government's credit is not bankrupt, it will always be able to borrow more money, which is why later governments often indebted more than the gross national product, but only the government can play this game, and other entities generally do not have such strong credit.

The Ming Dynasty is bad in the nonsense of finance, there are the world's largest number of people, the largest economy, it is because there is no money to die of poverty, if Chongzhen has 50 million finances a year, to the northwest a year to allocate 10 million tons of grain, as long as the starvation does not die, the ghost will rebel.

Huang Fengfu didn't agree at all when he heard Yang Chao's determination to carry the debt of Hades to the end. But it's hard to object, anyway, the government, if you don't have money, it's a big deal to pay the bills, who would dare to rebel.

"Fengfu. You can think of it that way. One by one, the rich landowners buried their silver in the ground, and let them all take it out and turn it into bonds, and we are spending the money, so that many people will have a livelihood, which is a blessing to the people. ”

Huang Fengfu sighed: "For the benefit of the people." But you have to do what you can. Last year, 10 million taels of silver, three cents of monthly interest, a year is three dollars and six, which is 3.6 million taels. It was spent in vain. ”

Yang Chao said: "This is not expensive. Who let the Ming government have no credit, and those who lent money to the government last year were all patriots, and there were not a few rich people, most of them were ordinary people, how could this work? After taking out all the money in the hands of the people, how do they buy and sell? How to add looms to expand production, we still have to let the rich people support us. The rich man of the land recognizes money but not people. ”

Huang Fengfu nodded.

Yang Chao said again: "If the gentry have lent us money, do you think he still dares not to support us?" ”

This sentence made Huang Fengfu's eyes light up, he felt that this was Yang Chao's purpose, it was so deeply hidden, no wonder he had never seen Yang Chao have any love for the people in the past, even to build houses for the people affected by the disaster, he lent money to them, and he had to charge interest, and the government in the past definitely allocated bricks and timber directly.

It turns out that Yang Chao's plan is here. If you owe the money to the gentry, the gentry will not dare to cause trouble for the government, otherwise no one will pay back the money, high. It's really high.

"So we're still three cents this year? Isn't it too high? ”

Huang Fengfu still felt that the three-point monthly interest rate was too high, and it would be good if it could be reduced to one cent, but if it was reduced to one point, he was afraid that no one would buy it.

Yang Chao said: "The monthly interest rate will not be reduced, but the term can be extended, and we will issue a three-year period this year." ”

Bonds with a longer maturity in later generations. The higher the interest rate, just like deposits, the interest rate on three-year fixed deposits is definitely higher than the interest rate on demand and one-year deposits, and the longer the bond issuance, which means that the repayment period is longer, and the cost of borrowing is actually greatly reduced.

But for investors who don't have any investment and only eat interest, they don't care, anyway, the spare money is buried in the ground and can't make money, so they lend it to the government and get three dollars and six dollars a year interest, which is a lot of income. Of course, the premise is that they fully trust that the government will pay back.

"So this report can be sent to the newspaper, and at the same time, add some content, and add the figure of last year's interest payment. I found out that we lent out 10 million taels, but only 6 million taels of bonds received interest on time, and many people did not plan to collect interest. This is fully in favor of the government. It's a good discipline, but it's not the right thing to do. We can't let the patriotic people who support the government suffer. Call on everyone to come to get interest, don't be afraid that the government can't pay back the money, the government has money. ”

Let everyone see, under the rule of Yang Chao, you can collect nearly 20 million taxes and silver every year, and you are willing to pay interest, this credit will definitely rise sharply, if you can really pry out the silver buried in the landlord's house, it is countless times more than the silver scraped from Japan every year, after the silver ticket becomes currency, the Ming Dynasty may not be short of currency all of a sudden.

Experts in later generations estimated that in the entire Ming Dynasty, the amount of silver flowing into China was 100 million to 200 million, and most of it was hidden, and only about 60 million taels circulated in the market, which was obviously not enough, so there was a large number of private money.

And in Chinese history, there is not only the Ming Dynasty flowing into silver, since the Tang and Song dynasties, but the early stage is less after all, but ancient China itself also excavated gold and silver, thousands of history into a river will definitely not be less than one or two billion, and the precious metals excavated by the dynasties will not disappear, and it is impossible for the emperor to take them into the coffin.

If there are 200 million taels of silver accumulated in the past dynasties, 200 million taels from the Tang and Song dynasties to the Ming Dynasty, and another 200 million taels in the Ming Dynasty, this is 600 million taels of silver, which will only be less than more, and if all this silver can be deposited in the bank as capital, it will become 600 million taels of silver bills, or even more, because the money-making model agreed between Yang Chao and Nassau includes a method for banks to purchase government bonds.

The bonds of the government can also be issued as the principal of paper money, paper money through the purchase of bonds into the treasury of the government, and then spent out, which released a large amount of currency to the market, basically achieved the purpose of controlling the amount of currency issued, so that the economy of the Ming Dynasty will not be constrained by the lack of currency.

"So 30 million taels of bonds were issued, and the people subscribed for the rest, and Jiangnan Bank underwrote it. Don't worry about running out of money to spend. This year, it will be up to 30 million taels, and next year it will be expanded to 50 million taels of silver. Believe me, in ten years, you won't give out one or two hundred million taels of silver. You're embarrassed to meet people. ”

Yang Chao was kind to Huangfeng Mansion.

Huangfeng Mansion was completely stunned, 100 million taels of silver, the interest alone is more than 30 million, if Chongzhen is alive. Knowing that he owes so much money, it is estimated that he would rather not be an emperor.

"Your task this year is to completely eliminate the malpractices of the government, which is a very sensitive place and the government is unstable. The people will not be stable, so they must cut through the chaos quickly, and the political situation must be stabilized within a year. I want you to set up a government that prohibits and prohibits like the army, and the decrees issued from Nanking will be implemented in every county under my rule within ten days. Do you have a chance? ”

Huang Fengfu said fiercely: "If you pass the test, peel the skin and fill the grass!" ”

He is going to adopt a strict punishment method, using the examination method formulated by Zhang Juzheng, and the officials who fail to complete the task will directly use Zhu Yuanzhang's method to peel the skin.

"It's too much, it's too much. The Governor wants to advocate for it. Light punishment, strict law enforcement! Only when you enforce the law strictly, no one will break the law, as for whether your punishment is a board or a direct beheading, in fact, the effect is the same. As long as you know that you will be caught if you stretch out your hand, no one will stretch out your hand. If you don't enforce the law, even if you set the law on the nine clans, it doesn't make sense. ”

"What do you mean by that adult, you don't have to take the Fa test?"

"It must be used, but the punishment can be according to the law of the Ming Dynasty. Before the Governor changed the law, the Great Ming Law was in effect, and everyone had to obey the law. ”

Zhu Yuanzhang's Daming Law punishes corruption. It is probably the strictest in the world, but the officials of the Ming Dynasty are the most corrupt, because the formation of the law is civil officials, and the corrupt are also civilian officials.

"It is also necessary to improve the inspection system, and the army has to draw 300 scholars to me. I want to set up a secret patrol team to secretly patrol various places all year round. ”

"Jin Yiwei?"

Huang Fengfu was taken aback.

"What Jinyiwei, this is called the Independent Commission Against Corruption, which is only responsible to the supreme power, and has the power to detain any official for two days without any evidence, including you!"

Huang Fengfu couldn't help but feel a chill in his heart, thinking that Yang Chao was planning to rule the country with the military, is this the same as Zhu Yuanzhang in the early Ming Dynasty.

The only difference is: "Strictly control corruption and improve the treatment of officials." At the county order level this year, the monthly salary is 100 taels, and a three-month bonus will be issued at the end of the year, and if there is a small mistake, the bonus will be deducted. A county magistrate who does not make mistakes can get 1,500 taels a year, which is enough to live a good life. ”

Huang Fengfu said: "But they do it casually, three years of Qing Governor's Mansion 100,000 snowflakes of silver, and the county order of 10,000 tons of silver can also be fished." ”

Yang Chao said: "That's why there must be a strict supervision agency?" ”

After the Chinese New Year, the vigorous hair ** movement began.

Last year, the officials selected by the imperial examination in the army were also assigned to various localities, and although they were law enforcement officers, grain supervisors, and military training officers, they were regarded as supervisors in all localities.

Isn't it true that the supervisors are being selected in the army?

Three hundred literate soldiers, who could read the ledger and often helped with the passage of food and grass in the army, were called.

The backgrounds of these people have been verified one by one, and they are basically from the poorest families, and they are all from displaced people.

Obviously, this kind of person's hatred for the government is monstrous, which family does not have a history of blood and tears forced by the government to go bankrupt.

Let these people supervise the officials, even if there are no wrong officials, they are like thieves in their eyes.

"You're all from a hard background. They were all forced by corrupt officials to ruin their homes and have to flee in all directions. Like you, this governor hates corrupt officials the most. So now let everyone come, it is to supervise corrupt officials. But to monitor corrupt officials, we ourselves must lead by example. Corrupt officials are not guilty of death for their crimes, but if any of you take a tael of silver, you will have to be martial. You're all clear, right? Remember, you are not monitoring yourselves, but the rulers of the whole world. You have a great deal of power, and so do your responsibilities. Whether the people of the world can live and work in peace and contentment, and whether the way of heaven can be manifested, depends on you. ”

Yang Chao tried his best to arouse these sense of mission, just like when the Hong Kong government set up the Independent Commission Against Corruption, it used all young college students, because these people have the most sense of mission.

Decrees were promulgated at the beginning of the new year, including raising the salaries of all officials, and officials at the prefect level could receive 3,000 taels of silver per year, the governor was 10,000 taels, and the highest salary of Yang Chao was 100,000 taels of silver.

At the same time, a strict anti-corruption law was promulgated, and an attitude of no tolerance was adopted towards corruption.

As long as you take one or two pieces of silver, even if you are a family fortune, take it all away, and put an end to those dead pigs who would rather go to jail for the sake of their families and are not afraid of boiling water. Yang Chao believes that people who are greedy for money must love money, and instead of risking their property being confiscated, it is better to start being honest from now on, so that they can keep the wealth they embezzled before, and the most important thing is that the power class is respected by the society, and this taste of power is the most fascinating.

At the same time, a ** prosecutor was quietly dispatched, these people all took Yang Chao's secret order, and whenever they found a problem in a place, they immediately found a training officer with troops, arrested the officials, and began to strictly check the account books of the government.

In three months, more than 100 officials were investigated and prosecuted, creating a wave of terror in Jiangnan, and the officials reined in a lot.

"One year is enough time for me to purge the officials, and the 500,000-strong army should also have combat effectiveness. I hope that this year, when I put the government in order, there will not be much war. ”

Yang Chao has always put the rectification of the government paralysis in the first place, so after the military and economy, the last official government paralysis is precisely because he saw that this year's situation should not be too much war, so he dared to do this, if the Qing army was like last year, it may attack Jiangnan at any time, Yang Chao did not dare to do this, in case of this, as soon as the Qing army arrived, officials from all over the country opened the city and surrendered, it was still a very troublesome thing.

Since the fourth month, there have been fewer criminal officers in Jiangnan, but all those who have been convicted will immediately be topped by scholars who have passed the military assessment.

However, there are far fewer scholars in the army, and there is a tendency to return to the illiterate army of the past.

The good thing of scholars making trouble and then being confiscated into the army is unavoidable, and now the scholars in Jiangnan have learned to be obedient, and they know that it doesn't matter if they scold Yang Chao twice, and it will be miserable to make trouble, so no one makes trouble, and there is no reasonable means to arrest people.

Yang Chao could only publish the newspaper to recruit scholars to join the army. (To be continued.) )