Chapter 134: Currency Wars
Genius remembers in a second [Aishang Novel Network biquge.info] to provide you with wonderful novels to read.
The blow to the crown prince Zhao Dian was not light, and he was stunned there for a long time, but Zhao Dian immediately realized that he couldn't go on like this, and in front of his father, he had to show himself well, and he couldn't let Zhao Xuan be beautiful.
Since the topic at this time is both a meeting and a copper material, Zhao Dian feels that it is time for him to express himself, seeing that Zhao Dian has earned a lot of impression points during this period of time, Zhao Dian of course refuses to let go of any opportunity to earn impression points:
"Qi Qi father, the son recently read Yuan Xie's "Currency War" article, and felt that it is reasonable, if you want to go on the Northern Expedition, my Great Song Dynasty must first win the currency war with the Jin State, the way to win, the son thinks that you can refer to what Yuan Xie said, scrap copper money, all state capitals pass through the meeting and iron money, so that the copper ban can be lifted, and the people can be encouraged to mine copper and smelt copper and bile water to make copper, within a few months, the copper produced in the world will be doubled, and the copper required by the Special Economic Zone will not be scarce."
Everyone present has read this article published in the "Xin Pao", this Yuan Xie is a disciple of 6 Jiuyuan, good at talking about the study of economics, a few years ago he wrote an article on the disadvantages of money in the dynasty, and now it is good, since the prince recommended him to be the son of the country, the two major newspapers in Lin'an today have become close to the water, Yuan Xie's articles are sometimes published in the "Great Song Jing Bao", and sensitive articles will be published in the "Xin Pao".
Mao Geng originally wanted to move the "New Newspaper" to Taiwan, but Wen Yuan was a little reluctant to "The New Paper", and the two places were too far apart, and Taiwan's readers were limited after all, so he finally made a compromise, and the "New Newspaper" continued to stay in Lin'an, while Taiwan ran another "Special Administrative Region New Newspaper", so today's "New Newspaper" series includes "New Newspaper", "Special Administrative Region New Newspaper", and "New Newspaper Overseas Edition" presided over by Chen Liang.
Liuzheng also read "Currency War", although the text is full of new concepts, but it is still an old thing, think about it, the open and secret struggle between Song and Jin around copper coins is really like that. As soon as this article came out, the controversy around "Currency War" in "Xin Pao" was also very fierce, and anyway, "Xin Pao" did not reject the positive and negative articles.
The prince quoted Yuan Xie's argument and said it reasonably. Not bad! The abolition of copper coins no longer requires the forced lowering of the price of copper in order to mint copper coins as in the previous copper farms. After no need to mint copper coins, the copper ban can be lifted, and the copper price will go with the market, not only removing a big burden of losing money in one fell swoop, but also bringing copper income to the Great Song Dynasty, and it is not a small number.
But Liuzheng did not advocate the abrupt abolition of copper coins, so he said:
"The article "Currency War" is not unreasonable, but when Yuan Xie's proposition is implemented, the risks are really incalculable, and the minister thinks it is better to be cautious."
Different from Liuzheng's conservative attitude, Ge Yi still admires the prince's courageous and enterprising attitude, and he is also very concerned about the controversy between copper coins and currency in the "Xin Pao".
"The officials and ministers agreed with Yuan Xie's statement of "Currency War", but Wu Genmao's "Copper Coins under the People's War" contained in the "Great Song Jingbao" even went to the root. It is true that our Great Song Dynasty and the Jin Kingdom have spared no effort to compete for copper coins in trade, and the Jin people even smuggled a large number of our Great Song Dynasty copper coins through guò by unscrupulous means, and the Jin people have sinister intentions, and have long set up a copper coin isolation zone in the south of the Yellow River. After secretly absorbing my Great Song Dynasty copper coins, they were all transported to the north of the Yellow River, and after crossing the Yellow River, they did not need to pay money, only copper coins. Speaking of which, I set up a copper coin quarantine area in the Great Song Dynasty, but I was really forced by the Jin people and had to do so. The decades-long struggle between Song and Jin over copper coins is actually equivalent to a war. ”
Hearing this, including Zhao Tuan, they couldn't help but smile bitterly, between Song and Jin, this is the situation, not only that, but in other directions, such as Dali and Annan, it is not much better.
In fact, the copper money war, which Yuan Xie called the "currency war", was not original to the Great Song Dynasty, and it has long had historical origins. Before the birth of the Song Dynasty, the various separatist forces of the Five Dynasties and Ten Kingdoms in addition to fighting each other, they also spared no effort to weaken their opponents economically, and the struggle between them was naturally unscrupulous, and it was a bit of a "limited war" flavor, which included limiting the copper coins only to enter and not exit, and each side was strictly guarding its own copper coins, and at the same time doing everything possible to absorb the other party's copper coins. The experience of the five dynasties is that on the one hand, it is forbidden for copper coins to go out of bounds, and on the other hand, it is forbidden to ban copper, lead and tin, the raw materials for casting copper coins.
After the birth of the Song Dynasty, it partially inherited the legacy of the Five Dynasties period, among which Sichuan dedicated iron money, the most exaggerated thing is that there was a period of prohibition of copper money into Sichuan, which is the Great Song version of the thinking of the Five Dynasties. Dali produces copper, as soon as the border trade is opened, a large amount of copper will enter Sichuan, and it will be difficult to avoid private copper coins, which will inevitably disrupt Sichuan's finance, and on the other hand, Tubo may absorb a large number of copper coins from Sichuan. In view of the fact that it was the basic national policy of the Great Song Dynasty for the government to monopolize copper, lead and tin and prohibit copper coins from leaving the border, if it was difficult for the copper industry to monopolize, and copper coins would be lost abroad at any time, this would be detrimental to the interests of the Great Song Dynasty. According to the thinking of the five dynasties, one can not be taken advantage of by Dali and Tubo, and the other can not let the popularity of private copper coins let the people of the Great Song Dynasty take advantage, so the Song court decided that Sichuan should not use copper coins, and thus, a wonderful flower was born - Sichuan became the administrative region of the Great Song Dynasty special iron money, but the disadvantages of iron money also gave birth to paper money - the birth of Jiaozi.
Based on the same thinking, after the establishment of the Western Xia state, in order to prevent the loss of copper coins to the Western Xia, the northwest also began to use iron coins.
After Zhao Yan ascended the throne, in order to prevent the loss of copper coins to the Jin Kingdom, the Lianghuai and Xiangyang regions began to use iron coins, with the purpose of cutting off the flow of copper coins to the Jin Kingdom.
It should be said that the Jin State took the lead in this currency war, they set up a copper coin quarantine area, and forcibly used paper money in the quarantine area, as early as the Jin Hailing King Zhenyuan (AD 1153 ~ 1155) began to do so, and the Great Song Dynasty set up the copper coin quarantine area, which was the main road after Xiaozong was in power, and the Jin people set up the copper coin isolation area for ten years.
Ge Yi smiled bitterly and continued:
Although the Song and Jin countries suffered from the outflow of copper coins, and competed with each other for copper coins in trade, this is what Yuan Xie called the currency war, in fact, the Great Song Dynasty and Dali, Western Xia, Tubo, Goryeo, Japan, and Annam, how could it not be so! However, the dispute between countries over copper coins is really not worth mentioning compared to the sale of copper coins and the smuggling of copper coins by the people. As Wu Genmao said, it was a people's war, and the east side melted a little bit and the west side melted a little, which was simply impossible to prevent, and no severe punishment and strict law could stop this illegal act! In this way, how many copper coins will be melted by the people for profit, okay! Even if it is lost abroad, it is also thanks to the people of the Great Song Dynasty. Not only my Great Song Dynasty, but also the minister Wen Jin Guo was also distressed by this. ”
At this point, Ge Yi sighed and said:
"For the sake of today's plan, only by abolishing copper coins and drawing salaries from the bottom of the kettle can the imperial court win this currency war, otherwise, even if it is not defeated in the hands of the Jin State, it will be defeated in the hands of the people of the Great Song Dynasty."
Ge Yi almost said that the house thief was difficult to prevent.
"Moreover, in recent times, there has been an intensifying trend, and people continue to sell copper coins and then transport copper to the Special Economic Zone in exchange for various in-demand indicators, which is really worrying! Abolishing copper coins seems to be the only option. ”
Zhao Tuan shook his head, when it came to this, of course he understood that it was self-evident that the copper coins were destroyed in the Great Song Dynasty People's War, even if the imperial court gritted its teeth and insisted, there was no hope of victory anyway, and in the end it could only be defeated. This Wu Genmao, hehe, needless to say, must be Mao Geng's pseudonym. Mao Geng, Wu Genmao, alias Wu Genmao, he is not funny! But they have a point.
However, Zhao Tuan guessed wrong this time, Wu Genmao, who contributed to the "Great Song Jingbao", he was Lu Xingzhan. Lv Xingzhan is a senior executive of the timetable, naturally knows all kinds of cats in the copper market, once asked Mao Geng, Mao Geng casually told him the concept of the people's war, Lv Xingzhan was enlightened, this is the article. But Lu Xingzhan knew that it was not his own creativity, so he deliberately drafted a pen name called Wu Genmao.
Liuzheng also thinks that this must be Mao Geng's article, but Liuzheng has always been conservative, so he said:
"Although the words are reasonable, but the copper coin is the legal tender of the Great Song Dynasty, even if it is considered a huizi, it is also based on copper coins, and today it is stipulated that the huizi has always exchanged seven hundred and fifty copper coins, if the copper coins are abolished, the minister is worried that the credit of the huizi may --- collapse overnight."
Zhao Tuan looked at Liuzheng like this, shook his head, and couldn't help but miss Wang Huailai, Wang Huai has been in the court for seven years, and he understands his thoughts the most, especially in the matter of increasing cast iron coins and reducing copper coins.
In order to cast less copper coins, Wang Huai instructed to reduce the supply of iron to the copper field, and the production of bile copper was replaced by iron materials, so the copper production of the copper field declined, and the relevant officials brought the lawsuit to the imperial court, Wang Huai also prevaricated on the grounds that the iron class (the iron class refers to the in-kind tax drawn by the iron smelting industry according to 2o%) was insufficient. Zhao Tuan naturally knew that this was Wang Huai carrying the black pot for himself, and it was really a blessing to have such a prime minister who was practical and responsible, and was willing to carry the black pot.
However, no matter how much Wang Huai can, he can't stop minting copper coins, this is because it is true that as Liuzheng said, copper coins are the standard coins of the Great Song Dynasty, hehe, the word "standard coin" in the newspaper is also appropriate. Huizi can be circulated, this is because the value of Huizi is linked to copper coins, and theoretically the value of Huizi has always been 75o copper coins, but there are Huizi may not necessarily be exchanged for copper coins. But in any case, the copper coin had to be minted. Although under the hands of Wang Huai and these people, the copper coins have repeatedly cut corners, not to mention the lack of copper, the tin in the copper coins has also dropped again and again, and some copper coins are symbolically mixed with a little tin. Alas! Even if you cut corners, it's still a loss-making business.
How much copper coins are minted and how much is lost. But to completely abolish copper coins, to be honest, Zhao Tuan couldn't make up his mind for a while.
But Zhao Dian was anxious to express his appearance, and stood up and said:
"Erchen thinks that it is reasonable to stay worried about adults, but it is not impossible to solve this problem, after the abolition of copper coins, gold can be used as the standard currency, and now one or two gold can be exchanged for 35 copper coins, and it has always been worth 75o Wen, then 47 will be exchanged for one or two gold, if the gold coinage is used as the standard currency, then the credit of the son is safe!"
Zhao Dian listened to Yuan Xie's clamour, and Yuan Xie listened to Wen Yuan's half-understood words, Wen Yuan had this opinion, of course, from Mao Geng. However, Mao Geng just talked casually before, and didn't take things seriously.
Listening to Zhao Dian's words, Zhao Tuan frowned, feeling a little unhappy.
Fortunately, Zhou Bida took over the topic in time and said:
"Qiyu official family, Han Yanxuan has just taken a notebook, and he also built yì scrapped copper coins, and changed to Huizi as the main circulating currency, in addition to silver coins and gold coins, which are also the implementation of the gold standard. In the view of the old minister, Han Yanxuan's meaning is that in view of the trade with overseas countries, a large number of copper coins have been lost. However, the loss of copper money is a huge loss to my Great Song Dynasty, and it is a great profit for other countries. Han Yanxuan thought that the abolition of copper coins was a top priority, and that our Great Song Dynasty could mint gold and silver coins as currency for international trade and circulation. ”
It is said that the Great Song Dynasty copper coins are widely welcomed by the world, but they are not worth boasting about at all, they are completely married to others, and those in power should be ashamed. One loss and one gain, these words were a bit unpleasant, and the faces of those present also felt a little unbearable. But this is the case, the Japanese even did not hesitate to dump goods at low prices in exchange for the Great Song Dynasty copper coins, and in turn they could make a lot of money.
Zhou Bida said this, and then said:
"Yes, the abolition of copper coins and the policy of another currency are all for the sake of the Great Song Dynasty. But in fact, for more than 20 years, this dynasty has been reducing the circulation of copper coins, huizi, cast iron coins, and successively in the second and third years of the main road with silver and silver to recover huizi, and in the early years of Chunxi to recover huizi with gold and silver and copper coins, it can be seen that there is a precedent for linking huizi with gold and silver. Lao Chen thought that it was the general trend to scrap copper coins and use Huizi iron coins as currency internally, and to mint gold and silver coins externally for maritime trade. ”
Just when those present thought that Zhou Bida would also advocate the reform of the currency system, Zhou Bida changed his words:
"However, this matter must not be rushed, otherwise all the copper coins will be melted overnight, I am afraid that there are tens of millions of catties, how can Mao Geng buy such a huge amount of copper materials! The old minister thought that this matter still had to be carried out step by step, and it might as well be implemented gradually for a period of five years. ”
When everyone heard this, their hearts said yes! The first major consequence of abolishing copper coins will release a huge amount of copper materials, and a huge amount of copper coins will be melted, and tens of millions of catties of copper will be produced overnight, and I am afraid that no one will be able to digest it for a while, which is a problem.
"Zhou Aiqing's words are really the words of Lao Cheng to seek the country."