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Chen Xu looked at Feng Che and Meng Yao, his eyes full of disbelief. The second child is just that, he was originally two, but now he has become four at most - except for two or two - Chen Xu couldn't imagine that Meng Yao would also commit this kind of confusion.

Gold and silver can be used as currency, but I have never heard of copper lumps that can buy things, and even copper coins issued by the imperial court are not easy to sell after excessive wear.

"Xianggong, I... Am I not right? ”

Meng Yao paid attention to Chen Xu's expression, and seeing that he was not as excited as she imagined, she was suddenly a little unsure.

"How troublesome is it to mint copper coins? Why don't you print silver tickets? Chen Xu asked rhetorically.

"That's right." Feng Che slapped his thigh in high spirits, silver tickets of one hundred taels and one thousand taels abound, printing a piece of paper is much more convenient than casting copper, "Why didn't I think of this method?" ”

"Second child, I'm really impressed with you."

"What does that mean? That's a great idea, you think. ”

Feng Che was rarely modest, but Chen Xu felt a little hot, "Second brother, if you are responsible for this matter, how many silver tickets are you going to print?" ”

"If the Warat soldiers are in the city, how much money will we need to drive them away?" Feng Che really thought that Chen Xu was humbly asking for advice, and he wanted to give him a satisfactory answer as much as possible.

"That's not good, but one thing I can be sure of is that five or even ten years after the war, the nation's tax revenue will not make up for the fiscal deficit caused by the war."

Feng Che didn't think about it so much, he waved his hand proudly, "I will print as many silver tickets as I need." ”

Meng Yao faintly felt that something was wrong. She couldn't say what was wrong. I heard Chen Xu say that the country's ten years of tax revenue is not enough to pay for the wear and tear of a big war. She finally understood a little bit why the Tobe Jin Shangshu picked the door to that kind of Cheng dù.

"Talent, you are really talented."

Chen Xu sighed, and Feng Che asked with some uncertainty, "Are you really praising me?" ”

"It's useless for me to praise you, just wait for the people to remember your great kindness," Feng Che's appetite was satisfied, and Chen Xu's words suddenly turned sharply, "They mentioned that you probably have to grit your teeth, and you will be stinky for 10,000 years." ”

Feng Che's eyes widened, he was very kind just now. This stinks for 10,000 years in the blink of an eye?

What is a 10,000-year-old stench? Feng Che didn't know much, but he also remembered that there was a guy named Qin Hui hundreds of years ago, who brought disaster to the country and the people and did all kinds of bad things. After his death, the people even made a kneeling statue for him, and anyone who saw it had to spit on it. Feng Che thought of this possibility, and he couldn't help but shudder, this was simply terrifying.

"The third child, why can't you print silver tickets and make copper coins? Wasn't this issued by the imperial court? ”

Meng Yao also looked at Chen Xu with a blank eye, someone sells and someone buys, and if there is a transaction, there is the circulation of silver money, she has never delved into this problem before. Now that I think about it, there's a lot of learning here.

Meng Yao could realize that this was not simple, she would never have imagined that a few hundred years later would derive an independent discipline - finance. A currency war is a war without gunpowder. The turbulent waves it can set off are even more powerful than the army, which controls the lifeblood of a country.

When it comes to the financial industry, it is by no means clear in a few words, and Chen Xu is only scratching the surface. After thinking for a moment, Chen Xu grabbed four teacups and put them in front of him, and he took out another silver ticket and put it not far from the teacup.

"If these four teacups are all the wealth of Dayan," after a pause, Chen Xu added, "The wealth I am talking about is not money, but the value created by the subjects of the whole country, such as agricultural products and handmade products." Just like our soap and folding umbrellas, they are all wealth. ”

Meng Yao was the first to understand, and Feng Che then nodded, simply put, wealth is the income of labor.

"This silver ticket is all the silver money that Dayan has in circulation." said. Chen Xu picked up the brush and drew an equal sign between the silver ticket and the teacup, "I can consider them to be equivalent." This silver ticket will buy these four cups. ”

"That's true."

Hearing Feng Che's words, Chen Xu smiled slightly, and he took out another silver ticket from his body.

"This is a silver ticket printed according to your words. Two silver tickets, four cups, which means that one silver ticket can only be exchanged for two cups. ”

Hearing this, Meng Yao's eyes lit up.

"Xianggong, originally one silver ticket could buy four cups, but now that more silver tickets are printed, one can only be exchanged for two cups. The cup has not changed, which can only be said that the silver ticket is worthless. ”

"Why aren't silver tickets worthless?" Feng Che asked in a bit of confusion.

"Because you printed more silver tickets, but you didn't make the same number of cups."

Hearing Meng Yao's words, Chen Xu smiled and said to Feng Che, "Second brother, my daughter-in-law's IQ is absolutely first-class. Meng Yao was a little embarrassed by Chen Xu's praise, and lowered her head, she couldn't help but think that Xianggong was the real power.

Feng Che nodded in agreement, and he suddenly said, "Then even if my IQ is not first-class, it can always be second-rate, right?" ”

"I think it's a bit hanging!"

Feng Che: "......"

Getting back to business, Chen Xu continued to tell the story of the silver ticket and the cup.

"If you print three more silver tickets, it means that you can only buy one cup with the same denomination; If you print 3,999 more silver tickets in one go, it means that every 1,000 silver tickets of the same denomination can buy one cup. In the same way, if the imperial treasury is empty, copper coins and silver bills are printed, and inflation is artificially created, can you imagine what kind of situation will be created?

"What's the situation?"

"In the morning you carry a sack of radishes in exchange for a silver ticket, and in the evening you will find that a sack of silver tickets cannot be exchanged for a single radish."

Meng Yao sighed, and Feng Che asked rhetorically, "What will be the consequences of that?" ”

"All the silver tickets can be circulated because of the backing of the imperial court, and it is the imperial court that gives the silver tickets the same value as gold and silver. If the imperial court makes money uncontrollably, it will be followed by the collapse of credibility, and once the credibility collapses, the silver ticket is a pile of waste paper, which cannot be bought or exchanged for gold and silver. ”

"At that time, the subjects of the whole country trusted only real money, but not all of them had gold and silver reserves. How do you let those who have no gold or silver survive? The people live on food, and if they can't eat, they will die. In order to survive, people can easily eat, let alone burn, kill and loot? There are strong enemies on the outside, and rebels on the inside, what kind of tragedy can you imagine? ”

Meng Yao's face turned pale, Feng Che was sweating profusely, he really didn't realize that printing silver tickets could cause such unpredictable consequences. Once the situation has developed to this point, don't say that the emperor will not spare him, and he himself will not be able to forgive himself.

Feng Che originally thought that if there were loyal ministers in the literature and fierce generals in the military, the country would be able to maintain long-term peace and stability, but now it seems that it is far from being so simple, and if the people in power make a slight mistake, the court will even be doomed. Thinking of this, he couldn't help but glance at Chen Xu, the seventeen-year-old secretary of the military department, who oversees the military and political power, and his status is second only to the emperor, but who can know the hard work behind this eminence? (To be continued......)

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