Chapter 328: Currency Issues
Heavy rain has been falling for two or three days in a row, and the whole city of Tokyo is immersed in wet rain, and the result of this collision of cold and warm air has not only brought continuous rain, but also brought cool autumn, such as sycamores, which are more sensitive to autumn coolness, the leaves have fallen, leaving only the sparse branches silent in the rain.
Yang Yi held an oil-paper umbrella and walked into the boundary alley as if he was wandering; Jieshen Lane is not wide, about a mile long, the houses on both sides of the street are majestic, the faΓ§ade is broad, and the view is forested, ordinary people will feel poor like beggars when they walk into Jieshen Lane.
Jieshen Lane is mainly engaged in gold, silver, and color silk transactions, and each transaction is tens of millions, which is appalling.
Because the gold and silver and colored silk have the nature of money, the gold and silver colored silk shop here has the nature of a financial institution, and it can be said that the current Jieshen Lane is equivalent to Wall Street in later generations.
Ever since Han Bier mentioned the signs of money shortage in Gyeonggi and Jiangnan, Yang Yi has found it difficult to understand that if a country wants to develop rapidly, it must be supported by a strong and stable monetary system; Now the Great Song Dynasty is in a thriving stage, if the problem of money shortage cannot be solved, it will definitely cause a heavy blow to the industrial and commercial development of the Great Song Dynasty.
Yang Yi watched and inquired one by one in the gold and silver silk shops in Jieshen Lane, and sometimes even did not hesitate to reveal his identity to achieve his goal.
The gold and silver trading volume in Jieshen Lane is indeed very amazing, but Yang Yi roughly calculated, if it is spread out to the huge economic level of the Great Song Dynasty, it is not enough to see, and the mainstream currencies of the Great Song Dynasty are copper coins and iron coins, and gold and silver only play an auxiliary role.
Unless there is a large inflow of silver, as in the Ming Dynasty, it is possible to make silver the mainstream currency.
Yang Yi finished reading the Boundary Body Alley, and then walked towards the Zhang Mansion.
Zhang Yao has also grown into a big guy, and this year he also participated in Zhao Jie's enthronement to open Enke, but he only won the second grade, and the ranking is still behind, this kid actually learned from his grandfather, and he decided to take the exam again next time, this matter became the headline of tabloids in Tokyo for a while, and the grandparents and grandchildren have a virtue, which is quite interesting.
When they met, Yang Yi patted him on the shoulder and smiled: "Xiao Yaozi, it's good, don't worry, take the exam slowly, and one day I will be lucky enough to get the main exam, and then I will record you as the champion, hahaha......"
Zhang Yao grinned and replied with a bitter face: "Uncle Yang, which pot are you not opening and mentioning, you are such a shocking person."
"What, I can't stand this blow? Thousands of hammers have been tempered out of the deep mountains, and the fire is just waiting for leisure. What's your blow? β
"The little nephew thinks it's nothing, but I'm ....... him, don't mention it, the little nephew is about to be expelled from the portal! Uncle Yang, if it really comes to that time, you can take me in! β
"What's so hard about that? My stables are also spacious, don't you like my mounts? Exactly, hahaha......"
"Uncle Yang, Nong has obeyed you!"
As soon as Zhang Yao said this, Scholar Yang was suddenly scorched and stumbled.
It's still the Zhuxuan Hall, Yang Yi, Zhang Dian, Cai Jing, and Lin Xi are sitting separately, and the girls and rings leave the door lightly after serving good tea.
Cai Jing is the head of the household, and he is also aware of the problem of money shortage, Yang Yi mentioned it, he said directly: "I think it is necessary to increase border inspections, and it is strictly forbidden to leave the country. In the long run, even if I mint more money, it will still be difficult to avoid a shortage of money. β
Due to the low casting technology of the surrounding countries, the quality of the copper coins cast is very poor, and the people of all countries are more willing to accept the casting of exquisite copper coins of the Great Song Dynasty, and at the same time, the cost of casting copper coins is huge, and the cost is quite high, and the surrounding countries would rather obtain copper coins from the Great Song Dynasty, which has caused a large outflow of copper coins from the Great Song Dynasty.
Yang Yi shook his head and said: "The ban is to be banned, but I'm afraid it won't have much effect, the Great Song Dynasty and other countries are like a huge market, the market needs it, it will definitely produce this kind of flow, forcibly banned, maybe it can be for a while, but it will definitely be relaxed after a long time." Moreover, if the Great Song Dynasty wanted to develop commerce and trade with other countries, the problem of the outflow of copper coins would inevitably occur, and the outflow of copper coins was strictly prohibited, which was also a great constraint on the commercial and trade development of the Great Song Dynasty. β
Zhang Dian and several people also knew that what Yang Yi said was the truth, the Great Song Dynasty had always banned copper coins from leaving the country, and only Wang Anshi promulgated a "Xining Compilation" when he was in power, lifting the ban on copper coins leaving the country.
Later Siguang immediately abolished the "Xining Compilation" after taking power, and re-issued a decree prohibiting copper coins from leaving the country, but what was the result?
The copper coins of the Great Song Dynasty are not the same as the continuous outflow.
There is such a demand in the market, how can it be banned by a paper ban?
Lin Xi said: "To solve the problem of money shortage, I think we have to reissue Jiaozi, at present, Jiaozi is only circulated in China, do not have to worry about the problem of outflow, and even if it is outflow, as long as the copper coins are gradually withdrawn as reserves, and the issuance of Jiaozi is increased, it will not be a problem." β
Zhang Dian also tended to start with Jiaozi and rebuild Jiaozi's credibility. The normal circulation of Jiaozi is used to solve the problem of money shortage.
Yang Yi couldn't help but sigh: "When the imperial court first issued Jiaozi, the consistent Jiaozi could be exchanged for consistent copper coins, this is because the people trust the imperial court; However, the imperial court has repeatedly abused its credibility, and in the absence of reserves, out of financial needs, repeatedly indiscriminately issued Jiaozi, which is equivalent to stealing money directly from the people; Nowadays, on the market, Wuguan Jiaozi can't be exchanged for the consistent copper coin, and it is constantly depreciating, and the people have lingering palpitations about Jiaozi, and even refuse to buy and sell with Jiaozi; Credit is a thing, it is difficult to establish, but it is effortless to destroy it, the court itself has ruined its own reputation, and now it is even more difficult to establish it, even if we force it to be printed and distributed now, the people do not accept it, what is the use of this? β
Zhang Duan took a long breath and pondered for a long time before saying: "It seems that we can only take back the current Jiaozi exchange on the market, so as to re-establish the credibility of Jiaozi among the people." β
Cai Jing immediately complained: "Xianggong Zhang, this year, the imperial court has relocated the people in the summer, coupled with the control of the river, the treasury has almost been emptied, if the copper money is fully exchanged, the household department is really powerless!" β
Yang Yi continued: "As the saying goes, once a monarch is a courtier, even if we exchange Jiaozi now and re-establish the reputation of Jiaozi, in the future, when other monarchs ascend the throne, who can guarantee that they will no longer issue Jiaozi indiscriminately?" At that time, I am afraid that it will be another disaster for the people of the Great Song Dynasty. β
Lin Xi asked with some surprise: "So Ren Zhi is against the issuance of Jiaozi?" β
Zhang Dian and Cai Jing also looked at Yang Yi, waiting for his answer, Yang Yi shook his head again and said: "The issuance of Jiaozi is of great benefit to the country and the people, the key is how to ensure credit, to ensure that the imperial court will not issue Jiaozi indiscriminately in the future, if it cannot be guaranteed, it is better not to issue Jiaozi again." β
History has proven time and again that in a monarchical society, credit money simply cannot maintain its credibility for long; The Great Song Dynasty has the rule of not killing scholars, and it can be said that Boss Zhao's reputation is maintained very well, but there is a reason for this, it is scholars who govern the country, and not killing scholars is beneficial to every official, so this ancestral motto has been maintained to this day.
Credit money will not work, when there is a crisis in the country's finances, it is like a person who is dying of thirst, and how easy it is to print paper money! It's like a tempting cup of water in front of him, who can stop him from taking this cup of water and drinking it!
They also knew about this problem, so they didn't know what to say for a while, and there was a long silence in the Xuan hall, only the sound of rain outside the hall was ticking.
Zhang Dian thought for a long time before he continued: "It's right to have this concern, I want to put an end to the indiscriminate issuance of Jiaozi in the future, so I can only write the Jiaozi without reserves into the ancestral motto as an ancestral motto, and set up a monument in Xuande Gate to warn." β
Hearing Zhang Dan's words, Yang Yi couldn't help but think of the iron plate that Zhu Hongwu stood at the palace gate: eunuchs are not allowed to interfere in politics.
It turns out that the iron card is just a joke, if the iron card is Zhu Hongwu's face, then among his children and grandchildren except for the good baby Emperor Jianwen, everyone has spat on Zhu Hongwu's face.
Seeing that Yang Yi disagreed, Zhang Duan stroked his beard and said: "I know what Ren Zhi is worried about, but this worry is a bit redundant, let Zhi think about it, even if we don't rebuild the credibility of Jiaozi, can't the monarchs of later generations forcibly print Jiaozi and plunder the wealth of the people?"
Therefore, I think that since Jiaozi has appeared, it will be difficult for you to get rid of him, all we can do is to ensure that now, rebuild Jiaozi's credibility, so as to promote the current development of the national economy and people's livelihood in the Great Song Dynasty, and try to set some thresholds for future generations, so that they can have concerns when they want to abuse Jiaozi. β
Zhang Dan's gaze is really able to see through history, and Yang Yi can be said to be admired.
That's right, the paper money itself is good, so we should try to improve its mechanism, develop it, and promote the economic and trade exchanges of the Great Song Dynasty.
As for whether future monarchs will be able to resist the temptation to print money, who can guarantee that? Later generations of Lao Mei thought that it was a legal society, and it was not that QE1, QE2, and QE3 were repeatedly introduced.
Therefore, when it comes to the monarchs of later generations, it is inevitable that some people will be choked and wasted. And history also proves that credit currency is an inevitable trend, even if there are some bumps, it will become the mainstream of currency sooner or later, and it is always good to explore in advance in the Great Song Dynasty.
Thinking of this, Yang Yi no longer objected to the issuance of Jiaozi, and the question returned to how to rebuild the credibility of Jiaozi, and the depreciated Jiaozi that are now circulating in the market must be recovered by the imperial court at the market price, otherwise there will be no talk of rebuilding credibility.
Cai Jing thought of having to pay a lot of money, his eyebrows suddenly wrinkled, it takes money to recycle the Jiaozi on the market, and if you want to issue a new Jiaozi without depreciation, you also need a large amount of hard currency as a reserve, which is no wonder Cai Jing, the head of the household, is difficult.
Yang Yi smiled very easily, and Cai Jing couldn't help but look at him, could it be that Yang Yi could give birth to money?
Before they could ask questions, Zhang Yao hurriedly entered the hall, and said urgently after a little salute: "Ah Weng, Puyang is here to report, due to the heavy rain for several days, the water level of the Yellow River has skyrocketed, and the river embankment in the Lingpingsi area has leaked, and it must be strengthened immediately, otherwise I am afraid that the embankment will burst." β
Burst?
These two words were like pouring a stream of ice water into the hearts of the four people, making people's hearts tremble.
The four of them got up together, and no one dared to slack off on this kind of thing involving tens of millions of living beings, so they summoned carriages and horses and rushed to the political hall one after another.
(To be continued)