According to the budget of the Ministry of Finance, this year's land tax can increase by almost six or seven percent, and after the cancellation of the real grain tax, the total land tax of this year's tax department is almost nearly 20 million taels!"

Zhu Houzhao felt that the elder brother was showing off in front of him, and he was extremely shameless.

"Does my brother think that my brother has a lot of money?"

"Isn't it?"

Zhu Houwei shook his head and said: "I told my brother before that the country is poor and the people are not rich, the country is rich and the people are not rich, the country is rich and the people are rich, and the people are rich...... Otherwise, the wealth under the world will be collected after a few years or more than ten years, and the money will go to the warehouse, even if it is really a mountain of gold and silver, what is the use, the people have no silver, and the people will barter? ”

"Daming Bank doesn't issue banknotes?"

Zhu Houwei was speechless, my brother is a typical ancient thinking, a complete economic idiot.

"The issuance of banknotes is quantitative, and this amount is directly linked to precious metals such as gold and silver. It's because of the bankruptcy of credit caused by inflation. ”

"It's too esoteric to understand ......"

Zhu Houwei said depressedly: "It's very simple, the credit of the treasure banknote was strong at the beginning, so the people believe in the value of the treasure banknote, and the face value of the treasure money can also buy items of corresponding value, but with the financial deficit of the national treasury, in order to make up for the financial deficit, the household department thinks that as long as the printing volume is increased, it can make up for it, but in fact?

The value of the treasure banknote is artificially given, it is equivalent to gold and silver, and it does not have value in itself, when the total amount of treasure money on the market is too much, it will have an impact on the value of the commodity, and the people believe and are willing to use paper money is the trust of the imperial court, thinking that the treasure money of one or two silver and one or two silver can buy something of equal value.

It takes a long time to mine and refine precious metals such as silver and copper coins, and the slow growth rate of precious metals will not have much impact on the market, but paper money is different, paper money is printed on paper, theoretically speaking, you can print as much as you want, and you can print as much as you want.

And finally? Treasure banknotes are overflowing, one or two face value treasure banknotes can only buy half a tael of silver goods, that means depreciation, the more printed, the faster the depreciation, the faster the rate of inflation, and eventually credit bankruptcy, one or two silver treasure banknotes can not even buy a penny of silver goods, what is the difference between treasure banknotes and waste paper?

Nowadays, the bank issues paper money, relying on the forced purchase and sale of goods to establish credit, if it is not for the younger brother who has so much business, and forcibly uses paper money to settle, it is estimated that it is impossible to pull back this credit without dozens or even hundreds of years of effort!

This is the sequelae of the bankruptcy of the credit of the treasure banknote, and then for example, it is said that it is easy to sit on the country, and the paper money is actually the same, the credit is established as if a dynasty was laid, so how to make the dynasty never die, and how to make the credit of the banknote not bankrupt is a truth.

To make the depreciation rate of paper money and the original depreciation rate of gold and silver linked, such as the annual depreciation of 0.30.4 percentage points, the people will not feel anything, or even feel the change, then the credit of paper money will always be strong! ”

"How to control it?" Zhu Houzhao is still confused.

"Macro control."

"Macro-control? What is macro-control? ”

Zhu Houwei said helplessly: "To put it simply, it is to maintain the balance of economic aggregates, curb inflation, promote the optimization of major economic structures, and achieve stable economic growth, and ...... economic means such as prices, taxes, credits, and exchange rates."

"I didn't understand ......"

"Okay, I won't be able to tell for a while, is the imperial brother planning to open a bank in Dawu?"

Zhu Houzhao said with a smile: "It's still safe to put the silver by your side, since you can print banknotes to recover gold and silver, of course the Wu Dynasty wants to do it."

Zhu Houwei sighed and said: "If the imperial brother thinks so, it is better to dispel the idea of opening a bank as soon as possible, otherwise Dawu's banknotes will inevitably become the second treasure banknote, and it will be accompanied by Dawu's credit bankruptcy, and the typical gains outweigh the losses."

Zhu Houzhao was a little unconvinced.

"Zaizhen's nephew is also a scholar at Yan University, and he has dabbled in law and economics, he should know more than the imperial brother, if the imperial brother really plans to open the royal bank in Dawu, the younger brother will send the imperial brother a batch of economic talents, but the younger brother has only one request."

"What do you want?"

"Brother Huang, don't point fingers......"

Zhu Houzhao: "......"

"What my brother said is true, paper money is the embodiment of royal credit, paper money credit is gone, and the royal reputation is gone, then it will be accompanied by the bankruptcy of hundreds of people, there is no difference between the bankruptcy of the people and the loss of land, the royal brother should know what the consequences will be."

Zhu Houzhao seemed to be convinced, and nodded very cautiously.

Unconsciously, the two brothers returned to the imperial study, and soon Zhu Houzhao's eyes were completely attracted by the two maps on the wall of the imperial study.

Two maps, one is a world map with small pennants of various colors, and the other is a geographical map of mountains and rivers in China!

Zhu Houzhao is not too interested in world maps, because the same maps are also in Dawu, and he has long been tired of reading them, and he is interested in the Chinese territory.

"What is this?"

Zhu Houwei looked at the place pointed by Zhu Houzhao and said with a smile: "Bridge, Nanjing Yangtze River Bridge."

"You want to build a bridge over the Yangtze River? Let the moat become a thoroughfare? ”

Zhu Houwei hummed and said: "There is nothing strange, the Nanjing Yangtze River Bridge and the Wuhan Yangtze River Bridge, as well as the Yellow River Bridge, the Longyangxia Dam and Gezhouba, the Great Nullah, the Tibet Highway, and the Western Regions Highway...... These are all Daming's super projects, which may not be completed before I die, but they are enough to look forward to. ”

Zhu Houzhao's mouth was very unimaged, this is too exaggerated, exaggerated to subvert the limit of his imagination!

"Tell the truth." Zhu Houwei said with a wry smile: "It's okay to say that this canal and road repair is good, but this bridge and dam repair is too difficult, and there are too many technical problems to overcome, but you can try, even if you fail, you can accumulate valuable experience."

Zhu Houzhao said speechlessly: "I feel that you don't want to become a fat man in one bite, you want to kill yourself in one bite, and in this way, you are not afraid of excessive consumption of people's power?"

"Draining people's power?" Zhu Houwei laughed and said: "Daming has no forced labor now, the people have money to work, and no one forces you to work with a knife rack around your neck, where is the consumption of people's labor?"

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