Zhu Di stared at Cheng Yuan expectantly.

Just when Cheng Yuan was organizing his own language, Zhu Chupang, who was standing next to him silently, was excited in his heart at the moment.

As his own teacher, Zhu Gaochi understands that this is the title of the Yongle New Dynasty, but the teacher he recognizes most in his heart is still Cheng Yuan.

Even if Cheng Yuan is his same generation and is his brother-in-law, Yuan Rong and Li Rang are optimistic about Gao Xu and Gao Sui, and dislike themselves for being fat, only Cheng Yuan has never.

Seeing that the person he trusted was so relied on by his father, he should humbly ask Cheng Yuan for advice in the future.

At this moment, Cheng Yuan seemed to have thought about how to answer, and said: "Your Majesty, the banknotes of the Song Dynasty and the Yuan Dynasty have merits. First of all, we should go back to the origin of treasure money, copper coins, and silver. ”

"What is the Origin Problem?" When Zhu Di heard Cheng Yuan's words, his face looked unusually calm, but in fact, he already had expectations in his heart.

I look forward to whether Cheng Yuan can come up with something to help him improve the treasure banknotes, and let the treasure banknotes continue to circulate.

Wenyuan Pavilion scholars have said that Cheng Yuan is only a military general, but has no civil official ability, and the evaluations of Jin Youzi and Hu Guang are vivid.

"Treasure money is the currency of the country, and this currency has five functions for people's livelihood: value scale, means of circulation, means of storage, means of payment and world currency.

Among them, the most basic functions are the value scale and the means of circulation, what is the value scale, the means of circulation, the minister has explained in detail, are all in the song. Your Majesty can take a look at it when the time comes. ”

"To reform the currency, it is more necessary for the coercive means of the imperial court. In the early days, the Ming Dynasty passed the treasure banknote to the issuance experience of the Yuan banknote. That is, paper money is printed purely with the credit of the imperial court as a guarantee, and then paper money is forced to replace other metal currencies in the market.

Your Majesty, is it true that what the minister said is wrong? ”

Regarding Cheng Yuan's question, Zhu Di's attitude was a little vague, neither opposing nor answering positively.

Just when Zhu Gaochi guessed what his father was thinking, Cheng Yuan began to say his thoughts again.

"Therefore, there is a mistake in the banknotes of the Yuan and the Ming Dynasty, the issuance is one-way, that is to say, the imperial court only sends but does not receive.

The value of a banknote is based on its face value, and a banknote of 100 wen is worth 100 copper coins. However, if the people want to exchange the face value of the paper money for copper coins, it is not allowed.

This sounds like the bandit theory! If you don't consider the policies of the people, you will be blocked by the people in the end, just as Li Shimin, Taizong of the Tang Dynasty, said, the people are like water, the Son of Heaven is like a boat, and the water can carry a boat or overturn a boat. Your Majesty should know this better than I do. ”

In ancient times, when the financial system and the country's financial system were not sound, there was a great risk in doing so.

"If, the denomination of treasure banknotes, the court says how much, then when the court lacks money and difficulties, it is difficult to control the impulse to issue unlimited excess banknotes.

For example, His Majesty couldn't help but print a lot of treasure money, but the people and officials resisted. After such a long time, the people no longer trust the court, and naturally do not use treasure money.

The credit of the imperial court plummeted among the people.

The Song Dynasty issued paper money with three divisions, which was very prudent, the imperial court had sufficient reserves, and after the paper money was issued for a period of time, the three divisions would recycle all of it and then issue new coins again. ”

"Your Majesty, the Ming treasure banknotes can be used, but you must borrow the experience of the Song Dynasty to prepare reserves.

The imperial court must change the issue of only sending but not receiving, not just one-way circulation, so that the people can trust the treasure money.

This is the same as His Majesty employing people, those who doubt will not use it, and the same is true for the people. ”

At this moment, Zhu Di continued to speak:

"Do you have any other ideas or countermeasures?"

Maybe Zhu Di didn't find anything from the method that Cheng Yuan said, so he asked again.

Maybe Zhu Di still wants to dig deeper.

Cheng Yuan didn't care what Zhu Di thought.

Still said seriously: "These days, the minister has thought of other methods, but after thinking about it, I feel that some are useless, so I didn't say much." ”

"But it doesn't hurt to say it."

Cheng Yuan said: "When the minister saw that the treasure money began to have problems, he was thinking. Regarding banknotes, Daming is not the first case.

The earliest was the Song Dynasty. Why did the paper money of the Song Dynasty circulate without major problems, but the paper money of the Yuan Dynasty was in chaos, there must be something inappropriate in this.

It wasn't until the minister studied the treasure banknotes that he found that there were too many similarities between the Ming treasure banknotes and the ancient Yuan banknotes, and there was no limit to the reserves.

It can be seen that in addition to the interference of the imperial court, the most important thing in the practice of treasure banknotes is the reserves, and they cannot be printed as they want......"

Listening to Cheng Yuan's words, Zhu Di touched his beard and nodded, "Go on!" ”

"The minister thought that since the treasure banknote was created by Emperor Taizu, it must have its advantages, and now it is not used to change its system.

Not only can His Majesty not violate the law of the ancestors, but also let the people accept the treasure money, the emphasis is on reform. Reserves, bondage printing, face values, and special yamen can all be used as a starting point. ”

Zhu Di's eyes lit up, he didn't completely agree with Cheng Yuan's reform, but heard Cheng Yuan say that he would reform the system without moving the treasure banknote, which would not only ensure his orthodox inheritance, but also solve the trouble of the treasure banknote.

The theory of restructuring treasure banknotes is the first time Zhu Di has heard it.

However, Zhu Di did not interrupt, but continued to ask: "If you were me and let you do it, what would you do?" ”

"There are two ways to fight bravely, the first is what I just said to Your Majesty.

The second is to change the face value of the treasure banknote, one wen, five wen, ten wen, twenty wen, fifty wen, one hundred wen, and five hundred wen.

In this way, the most printed in one and five texts were opened, and the people could use them to open them, and the patterns were printed on the treasure banknotes, so that the carpenters could carve the sun and moon, mountains, rivers, stars, palaces, and the Fengtian Temple on the five hundred texts.

Secondly, the ministers will set up institutions called banks, that is, money banks.

Every time, banknotes are circulated through these banks. It can replace old banknotes and damage banknotes for the people free of charge.

Reserve funds, while gold, silver, and copper coins can be exchanged for treasure notes in both directions.

The people save money in the bank, and the bank gives them the highest profit of the people, so that the people can get the sweetness of saving money.

They will have a bank passbook that can withdraw money from the same money bank in each province, and they will also give them a lot of profits. ”

After Zhu Di heard the high profits, he was a little worried: "This will cost you." ”

"Your Majesty, at the beginning, we let the people save their savings and property with one mouth, and naturally we need to give profits first, otherwise no one will save them.

It will take three, five, or even ten years for this kind of trust to be popularized in Daming, and even longer, and it will have to face the doubts of the people and the resistance of some private banks. So it's going to be tough. ”

Zhu Di said: "If you want to build the bank you said, then every government must have it." ”

Cheng Yuan nodded: "Yes, just like the branch of Qianzhuang, it only needs the imperial court as the main force, and each bank needs elite guards to transfer money, otherwise there are too many thieves on the road and it is easy to be robbed." ”

Suddenly, Zhu Di seemed to think of something, and said, "Then what will happen if you are robbed by the snitch?" ”

Cheng Yuan said: "Naturally, the imperial court will compensate according to the original savings. ”

"This ......"

After Cheng Yuan finished speaking, Zhu Di was secretly a little shocked in his heart.

He thought that Cheng Yuan would fool himself again this time.

I didn't expect him to have such a big idea.

It really opened his eyes.

Originally, he didn't think that Cheng Yuan would really solve the problem of treasure money, after all, he was born as a bitter child.

But he never thought that Cheng Yuan really thought about it for the Ming Dynasty, and said a set of methods that sounded like they could be implemented.

Zhu Di couldn't help but snicker in his heart.

Just when Zhu Di was thinking about it.

Cheng Yuan and Zhu Gaochi were waiting for his attitude.

Or rather, reactions.

Either way, always give a review.

"Ahem. I actually think that what you said is good, although the cost is unimaginable.

And the bank you mentioned sounds a bit illusory, but I'm still moving it as a good strategy. ”

Hearing this, Cheng Yuan also nodded.

Zhu Gaochi couldn't help but look at Cheng Yuan differently.

Cheng Yuan said: "Back to Your Majesty, the reason why the minister finally said this bank law is also to consider that it takes too long and consumes a lot of manpower, material and financial resources, so he didn't mention it." ”

Zhu Di had a smile on his face: "Present your recital, I want to take a good look." ”

"Yes."

Zhu Di said again: "I can see that you have good intentions for the treasure banknote, which is worthy of praise, and I will discuss it with the household department in a few days."

It's this restructuring, I can only say that it will take three or four years at the earliest, and it won't work out if it's changed in the short term, so don't say that I didn't use your first method. ”

Cheng Yuan said: "The minister doesn't dare." ”

Zhu Di said: "There is nothing to dare or not, you are selected by me, you can't be wrong...... By the way, when I heard your words today, I suddenly became very curious about your Cheng Clan.

Stop grinding and prepare. ”

Cheng Yuan bowed: "The main hall of Da Bao'en Temple is arranged with craftsmen, and the ministers are busy with Cheng's learning?" ”

Zhu Di nodded: "According to you, by the way, you two also go to Kunning Palace to see the queen, she hasn't seen you children recently." ”

The two nodded, and then retreated.

Zhu Di said: "Zheng He, immediately Xuanhu Shangshu Xia Yuanji, university scholars Yang Rong, Hu Guang, Yang Shiqi and Xie Jin went to the imperial study, I want to discuss the matter of treasure money." ”

Hearing Zhu Di's words, the eunuch on duty immediately went out to deliver the decree.