"We didn't have a solution to this problem at that time."

Yang Feng posed as a national teacher and said.

His Majesty the Emperor is really called to come......

Of course, the main reason is that Zhu Yuanzhang attaches too much importance to this issue.

Therefore, after Zhang Xianzong went to report, His Majesty the Emperor immediately came in a small suit, and then squeezed into the tent with Yang Feng like a pair of conspirators, closed the door, and blocked it with a circle of brocade guards around him.

"As long as it is such a national credit currency, it is impossible to solve this problem, and we can only find ways to pass on this problem.

First, use force to force other countries to take over.

I print money, and the state spends money through the treasury, and then it flows into the people, but I force other countries to use my money, force them to accept the waste paper I print, and then encourage trade with them, so that through trade, all kinds of materials from their country are sent to my country, and my country has abundant materials, and the price will naturally not go up, so at least in my country, the people will not feel the serious depreciation of the currency.

Commodities and currencies correspond, and it's okay for you to issue more banknotes, but you also have to add more goods to make the value of banknotes stable.

You just issue money, but the goods don't increase, of course, they have to depreciate.

On the contrary, if the increase in goods exceeds the speed at which you can print money, then your banknotes will definitely appreciate in value.

This method can be called dilution, just like ink dripping into water, the more water, the less obvious the ink color, the more countries where your treasure money circulates, the less harmful you print more money, in this case, you can print money to the maximum extent to ensure the stability of your country's currency. ”

Yang Feng said.

"This ......"

His Majesty the Emperor smiled and knocked on the table.

"It's very agreeable."

He said.

Yang Feng looked at him expectantly.

"But at least for now, that is, it is feasible for North Korea, and it just so happens that Lee Sung-gye is also printing money at the moment, so I can decree that he will not need to print it.

In the future, North Korea will also use treasure money according to the big rules!

It just so happened that I had been buying horses from him with cloth in recent years, and later changed to buying with treasure money, and allowed him to buy cloth from Daming with treasure money, but he needed to give him some benefits, after all, if the cloth was discounted to him, it would not give him much treasure money, and 10,000 horses would be 20,000 yuan, and he had to come to Daming to buy cloth again, so he could only give him more discounts, otherwise he would not want to use this treasure money. ”

His Majesty the Emperor said.

Therefore, His Majesty the Emperor meant to make Li Chenggui feel that he had made a bargain first, and coaxed him to use treasure money instead of printing money himself.

But Yang Feng is still very curious, how much cloth does Zhu Yuanzhang exchange for a horse?

"How much cloth do you exchange for a horse for him?"

"Two horses."

"How much does your cloth cost?"

"It doesn't have to be consistent."

"Are you buying a horse or humiliating someone?"

Yang Feng said very frankly.

So he just bought a horse for 500 yuan?

Even if Yang Feng didn't know much about the price of horses in this era, he knew that buying a horse for 500 yuan was really an insult.

It's not just the price of killing and eating meat!

"I have seen him obedient all these years, so he was allowed to exchange horses for cloth, a few years ago I sent him directly, gold, silver, horses, cloth, what I wanted, he had to send, in the sixteenth year of Hongwu, I asked him to offer five thousand horses, five hundred catties of gold, fifty thousand taels of silver, and fifty thousand horses of cloth, and I traded with him to give him grace, and he had to exchange as much cloth as he wanted."

Zhu Yuanzhang said with a sneer.

"Thunder, rain and dew are all graces?"

Yang Feng said.

Give you grace and trade with you, don't give you grace and give it away for nothing.

"You're not ignorant."

Zhu Yuanzhang said with satisfaction.

"The bad guy is also a king of Joseon, so you're about to catch up with him as a slave."

Yang Feng sighed.

So he first asked Li Chengguibai for 50,000 pieces of cloth, and then maybe the warehouse was not changed, and then he used the cloth sent by Li Chengguibai to exchange for Li Chenggui's horse.

(Li Chenggui teary-eyed: His Majesty the Emperor is too merciful, he can obviously take the cloth and the horse for nothing, but he returned the cloth to me.) ）

"The King of Joseon? Who crowned him the king of Joseon? He only knows the state affairs of North Korea, how did he become the king of North Korea? ”

Zhu Yuanzhang said with a glaring eye.

"Well, the right knows the state affairs of Korea, and the king of a country can also be the right?"

Yang Feng was stunned for a moment.

So this Lee Sung-gye is now a well-informed state minister of North Korea?

A temporary worker?

"I let him know the state affairs of Korea, he can only know the state affairs of Korea, I named him the king of Korea, then he is the king of Korea, if he does this well, I might as well give him this title, and he is on the left and right side of Korea, and he has been indeed obedient over the years, as for North Korea, Ryukyu is the most deferential, but its country is too small, as you said, it can't be diluted too much."

Zhu Yuanzhang said.

"No, no, we have to let them use it.

You have to know that the Ryukyus are a second-class dealer, they are obedient to the Ming Dynasty, in order to get those goods from the Ming Dynasty, and then resell them to the Wa Kingdom and the South Seas, they are a few small islands, there is very little land, but you can fish, but if you want to make money, you have to be this second-class dealer. And the Ming Dynasty is the largest trading place, and it happens that you are forbidden to the sea, so it will naturally give them convenience, and you will want them to use treasure money, so they must find ways to get those things that the Ming Dynasty needs to send to sell, in exchange for treasure money.

What they can bring is spices, what they have in the South Seas, and we are still valuable here, sulfur, you must like this, but there is really nothing to exchange for money, and they go to Luzon to pull a boatload of rice, and they have to exchange this treasure money.

Of course, if you open the sea ban, it doesn't matter, they are of little use.

But it's not completely useless, after all, they can still sail.

In short, what you have to do is to force others to use treasure money as much as possible, even if they get the treasure money and then spend it in Daming, you have to ask them to use treasure money.

What I want is for them to import supplies.

But in this case, you have to prevent the coastal gentry from colluding with these people to smuggle.

Your descendants are bothered by this question. ”

Yang Feng said.

"Just kill, peeling the skin and grass is not enough to kill the whole family, killing the whole family is not enough to punish the three clans, and then not enough to punish the nine clans."

Zhu Yuanzhang said indifferently.

"I just like your attitude."

Yang Feng said.

I have to say that he and Lao Zhu have more and more common language.

"But you also have to understand that this can only be delayed, and you can't change the fact that the treasure money is waste paper, you also have to give the treasure money a cabinet, so that the people can put some of the treasure money in their hands in this cabinet, instead of taking it out and spending it. You issue banknotes, people get banknotes, and then put part of them in this cabinet, which means that there is no such part of the banknotes on the market, and the circulation in the market is not as much as you send, but only a part of it is in circulation.

In this way, the part of your hair will not depreciate.

What we did at that time was to set up a bank, so that people could deposit their money in the bank, save it for a few years, and then get interest when they took it out.

If you send too much, then raise the interest rate to make people more willing to save.

The banks used these treasures to lend money, including to the imperial court, which was repaid with taxes plus interest. ”

Yang Feng continued to bewitch Zhu Yuanzhang.

"Yin eats food? My left hand to my right hand? ”

Zhu Yuanzhang immediately understood.

"You can also eat Chen's grain, Chen's food, as long as there is always food, it doesn't matter, the left hand to the right hand, that is also your left hand to your right hand, you are the master."

Yang Feng said.

"How do I think, you were just forcibly seized and abducted at that time!"

Zhu Yuanzhang said.

He doesn't need to die, which means that his anger has disappeared.

"What you said was called economics, and it was a science at our time, and a large number of people ate this mouthful, although what you said was not wrong by your standards at this time."

Yang Feng said.

"But after all, we can't always be rootless duckweed, this bet is on the people's hearts, if it can't be cleaned up in the end, the people's hearts change, and the country will be unstable."

Zhu Yuanzhang said.

He is a far-sighted person, and he knows that this currency is actually gambling on the hearts of the people.

"So, you also need one thing, which we call a margin.

Let the people believe that your treasure money is not rootless duckweed, but real money.

You have to have a certain amount of gold and silver in your hand, copper coins are not necessary, the most important thing is to cast cannons, and you will need more in the future, you can use gold and silver to mint money and silver coins, and then how many treasure banknotes are exchanged for silver coins or money, and they are allowed to be freely convertible. You can also make this bigger, even if the people have a few banknotes in their hands, they will spend it in a blink of an eye, after all, the people of the Ming Dynasty should be limited to food and clothing, and they have to save a few banknotes in their hands for a hard year, and they have to buy clothes and farm tools, and buy a piece of meat for the New Year.

They won't, and they don't have the time to change, after all, the vast majority of ordinary people don't go out of the countryside for a lifetime, and if you change it in the house, it will be even more impossible to go.

So you only need to prepare a small amount of gold and silver, and maintain a certain amount of free exchange, and then preach it to the people, so that the people can believe that this thing can really be freely converted.

If they are willing to accept the treasure money, then of course it will not depreciate significantly.

The only thing to worry about is the big merchants and gentry who make money, they have the ability to exchange money in large quantities, and they are likely to do so deliberately.

This one is a bit of a hassle. ”

Yang Feng said.

"This isn't a problem."

Zhu Yuanzhang said lightly.

"This, this is really troublesome."

Yang Feng said.

"This is really not a problem!"

His Majesty the Emperor said.

Yang Feng suddenly woke up......

"This is really not a problem for you."

He said.

It is true that it may be troublesome for other emperors, but it is really not for Zhu Yuanzhang.

He can raid the house and destroy the door, His Majesty the Emperor said that it is free exchange, that is the grace of His Majesty the Emperor, but you can't be so ignorant, if you don't want to be ignorant, then you can only say that the thunder and rain are all God's grace, don't regret it when you copy your house.

(Thanks to book friends Benjamin Siegburg, mathilda33, humourson, cracking the Chosen Atrius, and others for their tips.) ）