The next day.

"So this thing has now depreciated severely, and the usual banknotes are exchanged for two hundred and fifty copper coins?"

Yang Feng said with a treasure note with a denomination of 500 Wen.

Most of his demands were met, including the more sensitive iron coupon.

That thing Zhu Yuanzhang sent a lot......

Anyway, he didn't admit it later, all the princes he killed had iron coupons, this thing has been a useless thing since its birth, similar to you and me when you promised to grow old together, and when you look back and are tired of aesthetics, the enchanting vixen is inserted in the middle, why don't you die of a yellow-faced woman? Zhu Yuanzhang is already kind, Li Cunqiao sent it to Zhu Youqian in the first year, and after the New Year, he quickly killed the whole family, and Zhu Youqian's wife directly threw the iron coupon at the feet of the general who copied the family......

"This was given to our family by your emperor last year, and I am a woman who is illiterate and does not know what is written on it!"

It embarrassed the general.

Therefore, those serious people in ancient times generally thought that sending this was telling you to rebel quickly!

"I was suspected of rebelling before issuing iron coupons, I never thought of rebelling but gave me this, is this to force me to rebel?"

This is what a certain person said who really rebelled.

That's why Zhu Yuanzhang doesn't mind giving Yang Feng an iron coupon!

It's just a four-pound iron plate, just give it to him, but it takes some production time, so he can't get it today.

The rest of the carriage and banknotes are all trivial, just like Yang Feng said, they are all printed by himself, what is there to care about?

Zhu Yuanzhang directly gave him 100 ingots, one ingot is 50 guan, that is, 5,000 guan, and the legal value is equal to 5,000 taels of silver, but in fact, one tael of silver cannot be exchanged, because only silver is allowed to exchange for treasure money, but it is not allowed to exchange treasure money for silver.

However, at this time, the treasure money has indeed depreciated significantly.

"Hongwu eight years of money law, banknotes have always been worth a thousand Wen, silver one tael, four through the value of gold one tael, gold and silver are strictly forbidden to the private use, can only exchange treasure money to the imperial court, the people to money parallel, but the actual people are more willing to use money, plus the old and new treasure banknotes are increasing, and counterfeit banknotes are mixed, so the actual day is cheap.

At present, although there are discrepancies in various places, they are generally around 250 yuan for the same amount of money.

Even some remote places would rather barter than use treasure money, and His Majesty has always been troubled by this. ”

Zhang Xianzong said.

At this time, there were already a number of artists gathered behind them.

It is like worshipping a holy relic, drawing a map of Yang Feng's watch, which is enshrined, and the light of the latter is like holy light.

As Xiao Yu said, drawing a big picture of a small thing is just the basic skill of those painters, although the screen of his watch is pitiful, and the map is bigger than a copper coin, but for these painters, it is really easy to draw the outline......

People are professionals.

So now Yang Feng showed them the outlines of the Ming Dynasty, Indochina Peninsula, India, and the Wa Kingdom, all of which have been quickly depicted.

The river and lake section has now been added.

Then the mountains will be added, and the administrative divisions and place names of the Ming Dynasty will be added against the Ming mixed map and other information.

Even Zhu Yuanzhang specially requested that the modern agricultural area be drawn.

Anyway, this is a color map, which is nothing more than painting the agricultural area in a special color.

I have to say that His Majesty the Emperor doesn't care about anything else, he cares about how many places can be farmed.

Each of these painters is in the same frame, and the most accurate one of them will be selected and presented to His Majesty the Emperor.

And after this part is drawn, other parts will continue to be drawn, and finally all the maps drawn will be spliced together, and the whole map of Kunyu Wanguo will be made in the form of a screen, so that Zhu Yuanzhang can be put in the palace, and he will look at it every day and imagine that he will conquer the world, although he will definitely not have this opportunity, after all, he is already in his sixties, but Lao Ji is determined to be thousands of miles away!

It's still okay to fantasize about it.

"If you can't play with paper money, you can honestly engage in metal money, paper money is indeed an advanced idea, we were all paper money at that time, but it was not his way of playing, banknotes are waste paper, you have to have anchors to be valuable, you go and call him, I will tell him about money."

Yang Feng said.

It was as if he was the emperor.

"Your Excellency, who is the Son of Heaven, and you will come and go when you call it?"

"Even if you go, he can't come or not, I can give him a lecture is already in a good mood, and after you go, you literati's mouth, can you still say so ugly, you won't beautify me and make him feel better, although there is really no difference in essence!"

"You better tell me first, I'll hear if it makes sense, otherwise I will rashly go to play Your Majesty, Your Majesty will kill my whole family when he is angry.

What is an anchor? ”

Zhang Xianzong is not so stupid, he went to beautify it because Yang Feng summoned Zhu Yuanzhang.

Could it be that his beautification can make Zhu Yuanzhang ignore this problem?

Yang Feng is a single person, and his head has a scar the size of a bowl, and he has a family and a business like him, but he doesn't have the courage to play with him so exciting.

"First of all, we should understand that this thing is a piece of waste paper, and it is too hard to wipe your butt in the pit, and now it can buy things because it represents the imperial power, and it is His Majesty the Emperor who wants it to be able to buy things, so the common people have to use it to buy things. Theoretically, this is actually true, even very advanced, and the advanced is excessive, because it was not until six hundred years later that this currency became popular, and we called it national credit money, and we did it in all countries at that time.

As for saying that it depreciates, we also have this problem.

And it's no different from the reason for its depreciation, that is, it's too easy to use, and I can't control the desire to print more.

You say my hand, why can't it control it? ”

Yang Feng clapped his hands as if he was possessed by Zhongtang and said.

However, in good conscience, the depreciation of the treasure money is not serious......

Hongwu decided on the banknote law in eight years, and now seventeen years later, it has depreciated by three-quarters, which is much stronger than the dollar.

The decoupling of the dollar and gold is 71 years, 71 plus 17 is 88 years, and the US dollar after the decoupling of gold is essentially anchored crude oil, 71 years of crude oil is less than 2 US dollars a barrel, 88 years of crude oil 20 US dollars a barrel, which is much faster than the depreciation of treasure money.

The crows in the world are really dark!

The festival of the US imperialists is really not as good as Zhu Yuanzhang.

Zhang Xianzong smiled slightly, obviously acquiescing to this.

"Then what did your Imperial Majesty do?"

Yang Feng asked.

"Reward, Your Majesty rewards treasure money to military households every year, those who win the conquest are also rewarded treasure money, and the people who transport military supplies are also rewarded with treasure money, and some remote places encounter famine, when they are given rice and grain relief, they will also reward the victims with treasure money for their use, and in addition, the court buys and creates these things. The more His Majesty rewards, the more he builds, and the more treasure money is released to the people, but there are not many places where the people use treasure money, and the people will not collect treasure money as wealth, and those who have it are eager to use it, and naturally the treasure money on the market is increasing day by day, and it is becoming less and less valuable. ”

"So there is no solution to this problem.

Even if through a temporary reform, banknotes can circulate under the support of his knife, and even copper coins are banned, as long as he still prints money, then he will still have to face the problem of increasing the stock of banknotes and then constantly depreciating.

This is a natural flaw of this currency.

In fact, it's not just this kind of currency, any currency has this kind of problem, but metal currency is limited by natural properties because it is not printed if you want to, but if the amount of this metal suddenly increases, it will also depreciate, such as silver, if the overseas continues to pour in silver, tens of millions of taels every year, you will see that one stone of rice will cost several taels of silver.

It's just that paper money is particularly serious in this problem.

Because it has no restrictions at all, it all depends on the ruler's discipline, and it is too easy to get, after all, there is everything to start the printing press, so the first thing that comes to mind when you encounter trouble is this, now your emperor can still control his desire to print money, but future emperors will rely more and more on this way.

They will print money more uncontrollably, and eventually make the treasure money really become waste paper.

That's when the real currency collapsed.

You better hurry up and call your emperor, there are many things on this question that you shouldn't listen to, and if you listen to it, you are really in danger of killing the whole family. ”

Yang Feng said.

He really couldn't listen to this question.

Because this is related to Zhu Yuanzhang's fundamental power......

Monetary rights.

Theoretically, Zhu Yuanzhang is not wrong, the depreciation of the treasure banknote cannot be counted on his head, and this kind of currency naturally has this kind of problem.

This problem exists with any currency.

The problem of silver depreciation at the end of the Ming Dynasty was also very serious.

In 17 years, it has only depreciated to a quarter, a rate of depreciation that has left the credit currencies of most modern countries humiliated.

The Fed said you are really still too young, the Central Bank of Russia laughed and said nothing, and the ECB said that we went from eight euros a gram of gold to fifty euros a gram of gold, and it was only twenty years.

But his principle is not wrong, that is, the state control of currency, the feudal era I am the country, he is the Ming, the Ming is him, his currency control is the currency control of the Ming Dynasty, and the collapse of the Ming Dynasty is essentially the loss of currency control. The problem he guarded against was later proved by history to be completely necessary, and the state really could not lose control of the currency, so he banned copper coins in the later period, and the reason for banning copper coins was very simple.

The gentry and merchants of Jiangsu and Zhejiang did not use treasure money, so that in the last years of Hongwu, the treasure money in Zhejiang depreciated to the usual exchange of 160 copper coins.

As for the reason, it's simple......

They have money.

As the richest region of the Ming Dynasty, it is inevitable that wealth will converge to them, and as the ruling center of the Southern Song Dynasty in the past, the family has long saved a large amount of copper coins, even gold and silver.

So what is the result of this development......

The result has been a good representation of the history of the Ming Dynasty.

(Thanks to book friend Benjamin Siegburg for the tip)