Chapter 216 Bad Money

The question of the gold content of gold coins can be said to be a history of economic struggles, and successive rulers wanted to use less gold and mint more gold coins, so as to collect a tax called seigniorage. Pen × fun × Pavilion www. biquge。 info

To put it bluntly, it's robbery.

The ruling class is smart, and the common people are not stupid cattle and sheep, at the mercy of the king, so a famous economic phenomenon has emerged.

Bad money drives out good money.

After understanding that the king was trying to replace the original gold coins with gold coins with less gold content, whether it was merchants or nobles, they would collect as many gold coins as possible, and then spend the gold coins with low gold content to reduce losses.

Under the rational choice, you will be surprised to find that the market is soon full of bad coins, and the good coins with high gold content have disappeared.

This is called bad money driving out good money.

What happens on Earth, economic phenomena, is a little different in this world of swords and magic.

Gold has a wide range of uses, both magicians and alchemists, their thirst for gold is extremely strong, and the yield of gold is no matter how much higher than the magic core, so gold beats other currencies and becomes the mainstream currency.

But it's not so easy to adulterate gold.

Because of the existence of alchemists.

Rather than being a magic apprentice, he gave his hands to the teachers, recording experimental data, writing articles, and researching arcane art.

Alchemists' apprentices often work and study in gold and silver shops.

Most of the apprentices were responsible for studying the gold content of gold coins received by different nobles in different regions and working out the corresponding exchange rates.

For example, what should be the exchange ratio between the gold coins created by the Toposso collar and the gold coins forged by the Lanto collar.

The most important of these is how much you should exchange for Imperial Standard Gold.

The statements they produce each month are sold to the Chamber of Commerce at a high price, which is a must-have for every traveling merchant, who must study different exchange rates to avoid losses.

Like when Lynch and Lawrence met for the first time, the two sides had an in-depth discussion on the exchange rate issue, and Lawrence hoped that the Wyvern Empire would adopt a currency, a unified monetary system, and the merchants would have long been fed up with the changing exchange rate.

At the same time, alchemists profit greatly by making different gold coins, setting standards, and occasionally manipulating the exchange rate of gold coins.

This is an important source of income for the Alchemy Society.

Of course, without the support of His Majesty the Emperor, they would not dare to manipulate the exchange rate of gold coins at will, and some nobles even thought that they were simply doing things for His Majesty the Emperor, and then making money together.

In such a situation, the lanto collar changed the gold content of the gold coin without authorization, causing the gold coin exchange rate to fluctuate, and the beneficiaries may not be the lanto collar, and it is very likely to make wedding dresses for others.

"It's not a good idea to issue bad money. Lynch shook his head and began to come up with ideas for Miss Carol.

"First, the issuance of bad coins will also allow Viscount Orphey to take advantage of the attack, and the reputation is not much better. ”

"Second, the issuance of bad currency will increase profits by less than one percent at most, and do not forget that now that Lanto has been defeated and leads to the northern trade route, tariffs have increased instead of decreasing. ”

"Thirdly, the production cycle is too long, and it will take a long time to recycle the current currency and remake it into bad money, and if it is discovered by the Alchemy Society, there will be almost no profit at all. ”

Making bad money is a method of exchanging reputation for gold coins, minting the original ten gold coins into eleven gold coins, flowing them to the market, and cashing out as much as possible before the exchange rate has changed, such as exchanging them for imperial standard gold coins.

However, this will be severely reprimanded by the Alchemy Society, which will lower the credibility and may result in the merchant refusing to accept the Lanto gold coins.

"Yes, Mr. Lynch, it is for this reason that I have declined the offer. ”

"But within the family, it is better to lose some inconsequential credibility than to mortgage the family's most important gold mine. Speaking of this, Miss Carol couldn't help but feel a little distressed, the people in the family, not to mention the strong in martial arts, there are not even a few smart people.

In the past, the Moley Knight was already a rare person who could do things, no wonder Viscount Lanto would pass on the position of patriarch to Carlo, otherwise he would really be blind.

"This matter has to be solved, both the symptoms and the root cause, and I don't know what kind of outcome Miss Carol wants. Lynch showed an unfathomable expression, if there was a fan in his hand and used to fan it, it would be even more compelling.

"Please also ask Mr. Lynch to teach me. Miss Carol was pleasantly surprised, there was no way to ask Lynch for help, and now Lantoling's condition was as bad as it was.

If it weren't for her tenacity, Miss Carol would have felt like she couldn't hold it on.

Unexpectedly, Lynch didn't seem to take these issues seriously.

How much wisdom is in his head?

"The easiest way is for whoever disobeys Miss Carlo's point of view, and you can 'prove' that person took Viscount Orphey's money. ”

Sweep away all the guys who get in the way, those who can't do things and like to back off, just kill them all.

The waste rebellion has not been successful for ten years, and instead of conniving and appeasing them, it is better to take this opportunity and kill them.

As for the fact that they are from the Lanto family, sorry, Lynch is not related to them.

Miss Carol is a person who knows what to mean by listening to the strings, and how vicious Lynch's plan is, she can hear it when she hears it.

In the face of foreign invasion, and Miss Carol killed her eldest brother with her own hands, then no one dared to oppose her internal purge.

Therefore, the opponent will be completely defeated, splashed with dirty water, killed, so that the opponent will never be able to turn over.

After all, the reason why the wastes dare to object is because they don't think Miss Carol can do that.

Tooth bit her lip lightly, and Miss Carol struggled fiercely inwardly, and finally shook her head.

"No, I can't do that. ”

"They didn't do anything really harmful to the Ranto family, they just raised objections, and even when their father was alive, they didn't punish those who objected. ”

But you have been moved, Lynch said in his heart, before the change, Miss Carol would not even struggle, she would directly refuse, but now she will really consider this method, and it has changed.

"The conditions are no longer the same, the Viscount of Lanto had supreme prestige, and the adoption of democratic measures was only to prevent himself from making wrong decisions, and the cries of flies could not affect his real decision. ”

"What's more, the branches within the family, they also have a lot of wealth, wouldn't it be better to use their wealth to make up for the hole this time. ”

"Wealth should flow to more useful places. ”

And not on a bunch of waste. (To be continued.) )