Chapter 1038: Overlord
"Prime Minister, if the paper money you are talking about is simply a substitute for those metal coins, I always find it difficult for other people to accept it. ”
Black Dragon Pukasto is obviously not very interested in paper money: "In my opinion, gold and silver coins are more realistic, you say give me a paper money, I always feel that it is as worthless as a newspaper..."
This is actually the opinion of most people, but several other lords have deep city governments and did not rashly express their opinions.
Speaking of which, the dragons consider themselves "higher creatures" mainly because of their extremely strong bodies - as long as they can live to adulthood, they can basically walk sideways on the continent. In addition to their physical advantages, their inheritance also determines that their minds are as superior to those of humans as their magical attainments... This is not a speculation, but the conclusion of countless challenges from humans and other humanoid races.
However, in recent months, this perception has been gradually shattered within the upper echelons of the dragon clan: the technology that Roddy applied in warfare, and the lessons dictated by the Honorary Elders, clearly outlined the outline of a higher civilization...
Roddy didn't dare to brag about how advanced the Earth civilization was in the 21st century, and he would not despise how backward the magical civilization of this world was. In fact, the knowledge he and Kardashian brought to the table was not only a simple application of thermal weapons technology or railway transportation, but most importantly a promotion of scientific methodology, a logical system that can be applied to everything, and its existence is also important for the exploration of magic.
It is precisely because the dragons are smart that they have a vague sense of awe.
Victor has a very deep understanding of the changes in his daughter, and he is not as casual as he used to be to ignore Roddy's remarks. He spoke up, "Prime Minister, can you answer a question or two for us?"
"Money is a very complex theory, and here I can only briefly say the most realistic point: the previous metal minting system had a large attrition rate, long-distance transportation..."
Luo Di was talking eloquently in front of the lords, and after a while, nearly ten elders gathered around him, and this scene was quickly captured by reporters.
"If you change it to paper money, because it is easy to carry, on average, if the weight of the goods carried by each person is reduced by 10%, then under the excellent road network system, counting the consumption in the process of use and transmission..."
The group of dragons is too small, so the problem of the loss of money in the circulation of a country with a population of one million has not yet been calculated. When the lords heard this, they all thought to themselves—but Iskar, who was standing in the other corner, asked Kardashian in a low voice, "How do I feel that the Prime Minister is just talking about the most superficial things?
Several honorary elders were also dressed in attendance, and the accessories on their bodies were on the same level as the dragon clan elders. Edith, the owner of the Tower, was also chatting here, and both she and Kardashian wore badges representing the top of the Department of Magical Research - this badge was now better than the badge of the Minister of the Interior, and even if ordinary people brought it, the dragons would be polite when they saw it.
Kardashian took a relaxed posture, holding a wine glass in her hand and smiled: "Roddy has a lot of thoughts, of course he likes to hide the most critical things. ”
Black Dragon Rubens was not as impatient as before now, but he still couldn't hold it, blocked his mouth with his hand, and said in a mouth shape: "That... Tell us about it?"
Kardashian knew that the few people in front of her and herself were Roddy's most trusted team, so she glanced at Edith with a calm expression and coughed lightly: "Then I'll explain briefly: you, as the government that issues currency, set an exchange rate in the official face, such as one gold coin is equal to one hundred yuan... Then ordinary people have to exchange paper money at this exchange rate. But as a government, it can print as much as it wants, and as long as it can keep up with the country's economic development and the domestic situation is stable, then this circulation can increase indefinitely. ”
Essien was the first to react: "Wouldn't that be equivalent to overdrawing the country's credit as collateral?
Kardashian didn't speak, but several people were smart heads, and Iskar nodded: "In this way, the prime minister intends to use this method to temporarily 'repay the debt', and then distribute the risk of the debt crisis evenly to the people of the whole country - as long as you use paper money, it is equivalent to taking a part of the debt for the cabinet..."
After saying this, several of them looked at each other, and they all had an unbelievable feeling: the debt crisis was the first big problem that needed to be solved after the end of the war, and they all knew that if the money could not be repaid, then the country would definitely have a big problem... Without money, you can't control the army and the nobility, and in the midst of frequent turmoil, Sally I's prestige will inevitably decline rapidly, and if you don't do well, it will become a situation of division again.
They thought that Luo Di would quickly cash out and pay off his debts by vigorously developing science and technology and quickly reselling arms, but as a result... This problem seems to have been easily solved with the invention of paper money?
Just as several honorary elders were trying to digest this astonishing news, there was a heroic voice from Popcasto's side: "Afraid of circulation problems?
When he mentioned this, several lords next to him were also not far behind: "This is a good idea, in fact, listening to the prime minister, we can also circulate such a currency within the dragon clan." Even if the gold coins are not used in large quantities, the convenience of transfer and storage is true - those juniors often make several trips back and forth just to transport those copper and silver coins, hey, that's stupid to say. ”
So the five lords decided on the spot: not only to develop anti-counterfeiting and durable banknotes, but also to print dragon language and the five dragon clan emblems on the banknotes, and use them themselves, in order to prove the stability of this alliance!
Roddy responded very blandly, still smiling. But when Iskar and the others heard this, they all looked at Kardashian and Edith, the latter had never spoken at the corner of his mouth before, but now he sighed: "I really admire the Prime Minister... He used the state's credit as collateral, which was actually enough to survive the debt crisis. But with the addition of the five dragons..."
She didn't say what the consequences would be, but the honorary elders knew one thing: their research funds would definitely not be lacking in the future.
This currency has not yet been issued, but it has already predetermined the status of the "hegemonic currency" of the entire continent in the future. Compared with the dollar on the earth, Roddy's financial plundering method that came out of nowhere... For the civilizations of the other countries of this continent, and indeed for all other races, the power is far more powerful than the forbidden spell.
But now the dragon lords, who were holding their glasses high and talking and laughing, had no idea what they had created.
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