Ship the copper coins to the Wa Kingdom!?

Our Great Song Dynasty suffered from a shortage of money, and it was strictly forbidden to outflow copper coins, and King Yan actually wanted to take the initiative to send them out?

After the southern crossing, the annual amount of money that the imperial court could mint was not even one-twentieth of what it used to be, and it usually hovered between tens of thousands and hundreds of thousands.

A million yuan may not be cast in ten years, so it will be sent out in one time, a proper loser!

As the crown prince of the Great Song Dynasty, how could His Royal Highness do such a thing that harms the interests of our dynasty?

But His Highness believes in himself so much, I don't think I should question him.

Zhao Heyun wanted to speak and stopped, with a constipated expression.

Zhao Mengqi glanced at him and couldn't help laughing, "Do you think that you shouldn't give copper coins to foreign countries?"

Zhao Heyun saw that King Yan had been pierced, and he no longer hid it, "My subordinates really think so, Your Highness should also know that I am in trouble with money shortage, why do you have to do this?"

"Haha, it looks like you're still too young." Zhao Mengqi was not annoyed.

Mother, you're a year younger than me!

Zhao Heyun secretly rolled his eyes, and the others present also felt that Yan Wang's appearance of relying on the old man was somewhat funny.

But I heard Zhao Mengqi say, "First of all, let's talk about the essence of money."

Money is money, what else is the essence?

Geng Zhi, Wu Qiong and the others looked confused, but Zhao Heyun, Jiang Wanli and the others were aroused and looked at King Yan very curiously.

"When people are alive, they have all kinds of needs, and when they are not self-sufficient, they will meet their needs by exchanging with others, which is initially a simple barter, but this has great limitations, and they need to complement each other to produce transactions, so people begin to use goods that can meet universal needs as a medium for trading, such as food and cloth, which everyone can use."

"When this kind of goods is used as a medium, its primary function is to circulate, so it can be called currency, and in order to facilitate circulation, currency must not only have a recognized value, but also be easy to carry and durable to preserve, so metal becomes the best choice, and money is born when metal is made into a specific weight shape."

"Some people say that money is everything, because money can be exchanged for any goods, and this is based on the value of the metal itself, so it was calculated by weight at first."

"But people are gradually discovering that in addition to being used for circulation, money does not actually have practicality, nor does it need to be practical, the so-called hunger, thirst, and drink, but as long as everyone recognizes its value, in fact, weight and color will not affect its circulation."

"To achieve this recognized value, it can be consciously recognized by everyone, or the rule-maker can force everyone to admit it, that is, the government can use items with lower actual value to make money, because whether it contains 10% copper, or 30% copper, or iron, or even a piece of paper, when the government makes a penny, their purchasing power is the same."

"Of course, the government must ensure the stability of this recognized value, otherwise people will dislike it and even refuse to use such money."

Next, Zhao Mengqi continued to explain to everyone that there are simple and even many missing and biased copycat versions of monetary theory.

In fact, the people of this era are not unaware of this, but they are not systematically expressed as concepts.

Hearing Zhao Mengqi say this, everyone gradually had a clearer understanding, especially Jiang Wanli, an old official who often comes into contact with the economy, and he felt even more enlightened.

"Your Highness's intention is that when the value or cost of money itself is lower than its face value, it is more liquid, and if it is equal to or higher, it will be withdrawn from circulation, that is, the price of copper is now much higher than the value of money, so no matter how many copper coins are minted by the imperial court, it will never be able to meet the needs of circulation."

Zhao Mengqi nodded, "Yes, if the money in a person's hands has Jiaozi, iron money, and copper money, then he must give priority to spending Jiaozi, and the copper money will be left at the end, which is the phenomenon of bad money chasing good money."

This is easy to understand, because everyone makes this choice in their daily lives, and even in later generations, people like to take out the worn-out ones and use them first.

As the first president of the bank, Zhao Heyun has also done a lot of work on money

"Before Nandu, the imperial court minted nearly seventy percent of the copper, so it was strong and wear-resistant, the shape was regular, the handwriting was clear, the copper was dense, and there were few defects such as sand holes, pores, and shrinkage holes.

"At the beginning of the Nandu, although Gaozong set the rule that the coinage contained 60% of the copper, but in the last years of Shaoxing, the copper coins made contained less than 50% of the copper, and later the quality of the coins became increasingly poor, and even the weight of the coins was reduced, and now the regulations on the weight of the coins and the proportion of alloys have been shelved into nothing, and even more of them are folded into two, three, five, ten, hundred, five hundred and other different denominations."

"In fact, there is not much money minted after the southern crossing, but most of the bad coins on the market today are of this kind, and the good copper coins are either melted into bronze or cellared by the rich family, if it is not for the lure of stock profits, they may not use it until they die."

Immediately, Zhao Mengqi spoke again, "Gold, silver and copper have a high value retention, which can be called hard currency, and for individuals, they definitely prefer to hold hard currency, but for the whole world, this is not a good thing."

"Because from the perspective of supply and demand balance, the economy is in the best state when the total value of the currency in the market is equal to the total value of the goods, but due to the difficulty of mining gold, silver and copper, and the limited stock, when the economy begins to prosper, the production of goods can easily exceed the total value of the currency, and the lack of currency will make the goods unable to circulate and make no profits, so production will be frustrated, and the flame of economic prosperity will have to be extinguished."

"If you use low-cost and easy-to-print banknotes, you can avoid this situation, and you can increase the issuance according to demand to meet the circulation needs and stabilize economic prosperity."

"However, if the printed banknotes exceed the gross value of the goods, then inflation will occur, and the banknotes will depreciate, and there are pros and cons to depreciation, the advantage is to stimulate consumption, thereby driving production, and the disadvantage is that the credibility of the banknotes will decline, and the people will gradually refuse to use it."

"As the issuer of currency, the imperial court uses currency to earn profits, which is actually a disguised tax, and when faced with difficulties such as economic sluggishness, fiscal income and outflow, natural disasters, wars, etc., it can be solved by issuing additional currency, and then shared by all currency holders."

"Therefore, the issuance of banknotes such as Jiaozi Huizi in the DPRK is in line with the economic situation, and it is also the most advantageous choice, but the hidden tax is also a tax, which must be controlled within a reasonable range, so the additional issuance of banknotes must be moderate."

According to the theory of money flow, if prices are too low and the purchasing power of the people is not high, an economic depression will lead to an economic crisis.

And at the right time, the government has adopted a slight inflation policy, and rising prices are not a bad thing.

However, when inflation becomes vicious, paper money depreciates, and prices soar sharply, the monetary system is disordered or even destroyed, which will eventually lead to economic collapse.

This was one of the main reasons for the demise of the Southern Song Dynasty, and Zhao Mengqi naturally had to find a way to reverse this problem.

After listening to what Zhao Mengqi said, Jiang Wanli was very emotional, "The imperial court actually understands this, and it was also very cautious at the beginning, and I didn't say it before Nandu, from the thirty-first year of Shaoxing, the Huizi was issued with a reserve of 100,000 yuan, and then Xiaozong made a rule in the four years of the main road, and re-issued it every three years, exchanging the old for the new, so that the banknote value was relatively stable for a long time, and it could have eighty or ninety percent of the face value, which lasted until the sixth session, when there was a shortage of money in the market, so that the banknote value of the Huizi exceeded the face value. Then Xiaozong decided to solve the problem of lack of money in the seventh session, from then on the meeting began to depreciate out of control, and then later, there was no additional issuance, that is, the new was issued, the old was not withdrawn, and the use was postponed, first postponed for three years, and then developed to ten or twenty years, in fact, this is the same as the additional issuance, and the additional issuance is more than the additional issuance, and now, the eighteenth session has issued a total of 115 million yuan, which has been used for fifteen years, and the banknote value is only fifty percent of the face value......

Perhaps this is a boiled frog in warm water, and the gradually deteriorating monetary system is also gradually deteriorating with the economy, and it is gradually collapsing.

Zhao Mengqi couldn't help but shake his head, "The imperial court is both a rule-maker and a regulator, and after tasting the sweetness of using additional issuance to solve financial problems, even if you know that it is to quench your thirst, you can't control yourself at all, so I think a third party should issue banknotes, and the imperial court is responsible for supervision, so it is in the midst of checks and balances."

, perhaps to maintain the healthy development of the banknote system."

Jiang Wanli thought for a while, and thought of the equity structure of the three companies, "Does Your Highness mean that in the future, the currency issuance rights of the Great Song Dynasty will be handed over to the Royal Bank?"

"Yes, and I plan to introduce a regulator that is mainly private at the right time."

"This seems to be a safe strategy, but I think that the matter is serious, so we should take it slowly." Jiang Wanli looked cautious.

Zhao Mengqi replied, "Shi Yu is right, now the first thing is to establish the credibility of the Royal Bank, now the Royal Bank has more than 90 million guan capital, with the most cautious attitude, it can also issue 10,000 new banknotes, in fact, it cannot be said to be new banknotes, it can only be regarded as an exchange volume, after all, we must be able to exchange other currencies at market prices one to one at any time, so as to slowly collect the messy currency on the market, and finally even if the real new banknotes are issued, they will be endorsed by goods such as gold and silver, refined salt and snow sugar to ensure the value of the new banknotes."

Issuing banknotes in this way is simply turning back the clock in history, back to the beginning of the birth of Jiaozi, but who let the national credit of the Great Song Dynasty have been played rotten, he had to start anew and reshape his credit.

At this time, Zhao Heyun was thoughtful, "Is Your Highness planning to let the copper coin completely withdraw?"

"That's right, the price of copper is high today, because most of the copper is used to mint money, as long as the copper is withdrawn from circulation, the copper price will return to normal."

To be precise, Zhao Mengqi intends to withdraw all metal currencies from circulation and completely replace them with paper money, and gold and silver are only used to endorse paper money, not to be used for circulation.

The reason for the price of copper was that he found that if he wanted to make firearms, it was the most appropriate to use copper until the quality and output of steel could not meet the requirements.

According to his estimates, a copper cannon capable of firing ten catties of cannonballs would cost at least two thousand catties, and if the price of copper at this time was at rate, the materials would be at least three or four thousand catties.

Who the fuck can afford this......

"I see." Zhao Heyun had some realization, "If the Royal Bank issues exchange coupons, then copper coins, like gold and silver, are actually just ballast goods, and shipping them overseas will not affect the currency volume of the Great Song Dynasty, which is equivalent to one money being used as two copies?"

Zhao Mengqi smiled with relief, "The children can be taught, but this is only one of the reasons, and the other is that the reason why overseas countries are willing to use the copper coins of the Great Song Dynasty, in addition to quality reasons, is because of the huge economic volume of the Great Song Dynasty to endorse these copper coins, if our Great Song Dynasty itself does not use copper coins, then what do you say they should do?"

Zhao Heyun was stunned for a moment, "If you can't use copper coins to buy Great Song Dynasty goods, then it is very likely that the Song money of overseas countries will depreciate significantly, and even the Wa Kingdom, which mainly relies on Song money, will be seriously affected......

"In terms of the current situation of the Wa Kingdom, it is unlikely, after all, the main purpose of their use of Song money is for their own domestic circulation, even if they can't buy our goods, it doesn't matter much, but if we take the initiative to increase the circulation of Song money in their market, it will be different."

After the copper coins withdrew from the circulation of the Great Song Dynasty, the good quality could be melted into copper materials, and some inferior coins with low copper content were actually much better than those cast by the Japanese people themselves.

"But that's not my main purpose." Zhao Mengqi sat up straight and glanced around at everyone. "If you want to take it, you must first take it."

"Our trade with the Japanese was once very prosperous, but now it has continued, but the volume of trade has been declining year by year, and one of the more important reasons is the imbalance in trade."

"The commodities that we sold to the Wa Kingdom the most were spices, porcelain, silk brocade, tea, and dyes, and in addition to minerals such as sand, gold, mercury, and sulfur, most of the rest were handicrafts such as fans, screens, etc."

"Among them, the spices are not native to our dynasty, and now the Quanzhou City Bo Division is not as good as before, the spices are getting less and less, we are in short supply, and there are not many to sell, and then the silk weaving industry of the country itself also has a certain scale, although the quality is still lacking, but it has also alleviated the demand in this regard, as for the others, although the demand is still there, but because of the increase in the city tax and production costs, after the price rises, the market will naturally shrink, and the copper money has become

It is the greatest demand of the Japanese country."

"If we want to solve this problem, in addition to reducing the market tax and improving the trade policy, it is more important to come up with goods that are attractive to the Japanese people, which we are already working on, that is, snow sugar, refined salt, loose tea, new porcelain, etc., which is expected to reach a certain output within a year."

"But in this way, the goods of the Japanese country cannot meet the demand for trade, after all, in my opinion, except for minerals, those handicrafts are dispensable, so we should also inspire and guide them to produce the goods we need."

"It takes time to adjust the industrial layout, in order to shorten this process and let the mining industry of the Japanese country meet our needs as soon as possible, the most effective and fast way is to throw money and use their favorite Song money to arouse their enthusiasm."

Zhao Mengqi's intention is not complicated, he just wants to exchange high value-added commodities such as snow sugar for the minerals of the Japanese people, and he is not willing to wait for the Japanese people to adjust slowly, so he uses this method to give birth.

In the final analysis, what he wants is not to destroy the Wa Kingdom, but to treat the Wa Kingdom as the blood bag of the Great Song Dynasty.