Anyway, Keynes is now working for the Pacific Empire, and I don't know what the future will be for the time being, but people still have an idea to increase the money supply.

Anyway, it is to print money, then print, this thing does not have much technical content, but to strengthen some anti-counterfeiting, this is actually not very difficult, especially we Chinese, in this printing technology, as well as the related technology of paper money, is not very bad, our paper money history is much longer than Europeans.

So, it's very simple......

"My Pacific Empire will issue a new version of the banknote......"

Immediately, the central bank here began to issue an announcement, and this announcement did not mean that we were printing money, but that we were going to issue a new kind of banknote, anyway, the style was different.

So what exactly is it?

This also has to be announced.,Directly added to the titles of some movies.,It's an advertisement for this year.,And there's also some printed in the newspaper.,And this style......

It's all busts of His Majesty Emperor Li Mengyang!

That one...... First of all, I have to say that there was also an image of Li Mengyang on banknotes in the past, of course, but at that time, Li Mengyang's appearance frequency was not high, and there were some other people's avatars, especially in the United States, that Washington still has them, and there used to be Li Mengyang and his father-in-law Mr. Chase.

And now, let's be unified, completely unified, it's me Li Mengyang...... Well, in fact, the problem of this avatar is not decided by Li Mengyang. It's the central bank's people who think so. That's for the best. Isn't it?

This sycophant kung fu should be learned by the people of the whole country.

But that's it anyway, and this style, the red one, although the paper is white, but suddenly most of it is red...... Hey, Li Mengyang can imagine it, and it won't be long before many people call this kind of banknote 'Red Grandpa Li'......

Never mind. You'll just have to do it anyway, but while this style is eye-catching, the real key is in the denomination!

200！

The face value has reached 200, which is not the same, in the past, in terms of the New Tang Yuan, there was no such a large face value before, of course, as far as the previous dollar is concerned, it was when the war was fought. In the future, the government of the United States issued a larger denomination in the middle, even more than 10,000. But the New Tang Yuan has never appeared here.

So now it's 200, this thing...... Isn't it just printing money?

There's a little trick here, first of all, the Pacific Empire didn't announce that we had increased the amount of currency hairstyles a lot, no.

However, the current situation is that the previous New Tang Yuan is still in the market, so of course it cannot be said that these New Tang Yuan are worthless, but to exchange for new currency, then our money, will slowly be recycled, of course, this is done through the banking system, but this practice ......

There's a process!

Of course, this process is first of all, it is absolutely impossible to be very short, because such a big country, two continents, and such a large Pacific Ocean in the middle, so if you want to say that the first day of issuance of new coins, the second day of the long coins will all disappear, this is absolutely impossible, even if it is impossible to make it disappear in the second year.

So, the operating space in the middle is too big, take your time.

So, isn't this equivalent to an extra new coin, how much more...... It's a secret anyway.

Anyway, the money of the Pacific Empire is needless to say, in a northeastern dialect, that is......

It's hard to build!

And such an increase in money, it is natural, will produce a very normal development, that is, the interest rate of the bank is going down.

In fact, the interest rate of 12% has been going on for many years, and it has basically not changed much since the Civil War, and the reason why this is so is because the overall fluctuation of the money supply is not very large. If the economy grows, then issue money, anyway, according to the previous experience.

As for the previous Pacific Empire, didn't it usher in some inflation, Li Mengyang made some policy plans to deal with it, and then added ......

In the case of inflation, should we raise interest rates?

I don't know, you don't know too well.

It's not because people are stupid, it's because no one has done that before in terms of economic policy.

This actually involves a question that even Li Mengyang doesn't know very well, what is going on with the interest rate.

Because of this interest rate, it's not how much you say it's adjusted, it's how much!

Now the central bank of the Pacific Empire can only give an interest rate that is slightly lower than the interest rate in the market, because in this way it will not be Song Shenzong, this interest rate difference cannot be too large, it must be quite small, less than 1%, and in fact, the interest rate of the central bank itself is a little bit following the market.

That's right, how much interest is in the market, our central bank is a little bit first, and this reference is in the market.

To put it simply, this interest rate itself is not an administrative means to achieve, the counterexample that Li Mengyang knows is the Qingmiao Law of Wang Anshi's reform in the Northern Song Dynasty, the government gave an interest rate of 20, but the private side is 40%, and then the middle 20% has a situation of interest rent-seeking.

This is simply all too normal, because this kind of situation, and the loss of control of the financial market by the government, has simply abounded in ancient history, or rather, the government has never succeeded in controlling the financial market, whether in China or abroad.

Not only the Song Dynasty, but also the previous Tang Dynasty, the emperor was not stupid, when there was a problem in the financial market, they also wanted to control it, and they also tried to find a way, and some directly forced people not to save money, who saved money to copy whom's house, and then the emperor was soon gone...... Some directly stipulate that the interest shall not exceed 1%.

This one percent sounds very cheap, but however, this is a monthly interest, and the monthly interest is not allowed to exceed one percent, but despite this, no one listens to the emperor...... This is the situation in the late Tang Dynasty, how can this not die?

There are too many examples in Europe, but the king over there is more damaged, and he kills the creditor without paying for it, and the Jews are in this sad position.

Just these things, Li Mengyang himself didn't know before, Wang Anshi changed the law he knew, but he didn't know anything else, such as the Tang Dynasty, this was all when he became the emperor later, and he only knew it when he was idle and had nothing to read, after all, there are so many historical materials in the Forbidden City, but the emperor rarely reads it.

However, this doesn't seem right, Li Mengyang clearly remembers that in the era he was in, the central banks of all countries could control the interest rates of various countries, although it was called the basic interest rate, so how did they control it?

Obviously, administrative means, strong intervention by the state, it must be difficult to use, anyway, the countries that did this before are dead, then it must be one, market means to come!

So, what kind of market means?

Li Mengyang doesn't understand, he just understands some financial phenomena, most of which he still knows from history, and how does he know about the operation methods of Wall Street or a country's central bank in the future?

Therefore, he can't control this interest rate at all, and the people in the central bank, such as the big man Bill or something, they don't understand it, because no one has done this before, and everyone used to just know how to send money, bonds, and things depending on how those people on Wall Street buy it.

To put it bluntly, that is a financial commodity, called a commodity, then you are not qualified to meddle in your government, how people buy and sell is someone else's business, besides, the United States of America only issued a large-scale national debt for the first time during the Civil War, and it became a dollar.

Even the best Britons in finance, they haven't done much before, of course, borrowing money or something, of course there is, but if you want to control this interest rate, no one understands, really not many people understand.

And now......

Interest rates have been lowered!

The interest rate in the market has changed and it has started to go down, so the central bank can also lower the interest rate, so as to ......

Hey, it looks like we can control this rate!

Well, in fact, this is not controlled at all, this is that the banks are not fools, everyone looks at these things that your central bank has done, this is a big 200 bill, so we still don't understand that this is to print money?

Banks know that they want to print money, and they need more money, so if they look at money as a commodity, then of course the price of this commodity will fall, and there is an economic theorem in this......

The interest rate is the price of a currency.

If there is more currency, it is more expensive, and if there is more, it will be cheaper, so the price will be lowered, that is, the interest rate.

It's as simple as that, but ...... No one did this before, no one, the concept of the central bank was all made by Li Mengyang.

But let's talk about it...... It seems that the relationship between interest rates and currencies is completely complementary to each other.

But anyway, anyway, the interest rate is low now, and there are more new Tang Yuan, so ......

"Gentlemen! We in Germany will build a 4,000-kilometer-long highway that connects the north and south and connects several important cities! ”

At the Reichstag of Germany, Adolf, the chancellor of the republic, presented a package of economic plans, one of which was particularly exciting, and that was the 4,000-kilometer highway......

Not in all of Europe! Not really!

Then this project is simply not said, as long as it can be completed, it will be absolutely awesome, but......

Where does this money come from?

(PS: Ask for subscription!) Ask for a referral ticket! Thanks a lot! (To be continued.) )

PS: Thank you! Thank you, Brother Feng...... Thanks Amethyst for your ...... Thanks thanks!