"Your Majesty!"

The president of the Banque de France, Count Argoo, addressed Jérôme Bonaparte with a serious expression, and then tactfully dissuaded: "The role of the Banque de France is to cover up other banks when they go bankrupt." Lending money to the market could plunge the French market into a temporary boom. When the tide recedes, the French market may face an even greater threat. ”

Although Count Argour did not have a systematic understanding of Keynesian theory, based on his keen financial instincts cultivated over the years in charge of the Banque de France, he felt that the use of financial means to stimulate industry as mentioned by His Excellency the President was like injecting opium into a weak person, and the patient would become hyperactive due to the effects of opium in a short time, and after the opium stimulant had passed, the originally sick person would become sicker and sicker.

"Count Argu, in the long run, people are going to die!" Jérôme. Bonaparte sneered, and he used the most classic metaphor of Keynesian theory to refute the conservative Count Argouse: "It's like a sick man who doesn't prescribe medicine to him." Instead, he told him that people are going to die! The side effects of drugs may lead to danger for patients later on, so should we give up treating patients because of the dangerous properties of the drugs themselves? Do we pray that the patient's body is strong enough to survive? ”

Jérôme. Bonaparte's series of questions caused the Count of Argoult to fall into deep thought, not only of Count Argoo, but also of Arcel. The brothers Fulder, Magne, and Perel were also in trouble.

In particular, Ahir, who embraced Saint-Simonism. The brothers Fuld and Perrell felt that the theory of the President had many similarities with the theory of Saint-Simon, but also some differences.

"Your Majesty, please believe in France!" Count of Argourne against Jérôme. Bonaparte pleaded: "A little fluctuation will not bring down the French market, and France can resist it by its own adjustment mechanism!" ”

"Mr. Algu!" Jérôme. Bonaparte did not give the president of the Banque de France honorific title, but said coldly: "Tell me, what was the disaster of a year ago?" And where is the French self-regulating mechanism you are talking about! All I saw was that banks were going bankrupt on a large scale, and factories were closing down on a large scale. ”

Count Argou was silent, he could not refute Jérôme. Bonaparte's remarks, the change a year ago, have scared the directors of the Banque de France even now.

The large-scale collapse of the bank brought about a large area of bad debts, coupled with the fact that the Bank of France itself did not intend to bail out the market, led to more enterprises facing bankruptcy, under the double blow of bank failure and corporate bankruptcy, the entire Paris stock exchange was completely in chaos, and all kinds of bonds plummeted wildly, and the large-scale collapse of bonds directly affected the overall operation of the Bank of France, and the Bank of France had to sell a number of reserves in an attempt to save the world. But what about the Banque de France, which missed the best time to save it, the opponent of the entire Parisian financial trend, the tragedy of the Banque de France, which had scattered one-third of the reserves, found that the Paris stock exchange did not stop the downward trend at all, but swept towards France at a faster speed.

For the purpose of self-preservation, the Banque de France could only announce that it would stop converting, and the angry citizens of Paris wanted to storm the Banque de France to get back their property.

Had it not been for the government's consideration that the collapse of the Banque de France would bring greater disaster to the whole of France, the Banque de France would have been reduced to ruins in the torrent.

It was precisely because Lamartine and others used administrative means to force the Banque de France to stop converting the bank, so that while the Banque de France was relieved, it also had the spare strength to spread the influence of receiving a number of bankrupt banks to the Banque de France to the secondary cities of France.

"Your Majesty, the previous year was due to the turmoil caused by the combination of political and economic problems!" Count of Argourne against Jérôme. Bonaparte boasted: "I believe, under your leadership!" France will not be in such a situation! ”

The touting of the Count of Argou did not make Jérôme. Bonaparte felt the slightest hint of pleasure, and he thought that the Count of Argours was merely responding to him with avoidance.

Medieval financial thought has always been tightly entangled with France, and under conservative finance, France will only invest all their money in more profitable places.

"Your Majesty, the Banque de France can't conjure money out of thin air!" Achill on the side. Fuld also said euphemistically: "Even if we put our money into the market, the market will face the possibility of a run because it can't bear it!" ”

"Minister Fuld, haven't you thought about this?" Jérôme. Bonaparte pulled out a 1,000-franc Banque de France note: "If we could lower the bar and issue 50 francs, or even 10 francs, through the Banque de France, then we would have more means to stabilize the market and halt the run." The weakness of the economy is only temporary, and we only need to stabilize employment when the economy is weak, so that there will be no large-scale unemployment. When the economy recovers, the currency we issue will be offset by the economic recovery. ”

The experience of history tells Jérôme. The Bonaparte Industrial Revolution was able to offset some of the crises caused by the over-issuance of money.

After World War II, the capitalist world had to provide its citizens with a system of high welfare in order to compete with the Soviet Union, and this high welfare system brought with obvious shortcomings, that is, the capitalist world had to start the printing press to plunder the world's wealth on a large scale.

With the joint efforts of all the countries of the capitalist world, Keynesianism lasted for more than 30 years before it produced marginal benefits.

Both the capitalist powers and the Soviet Union weakened, and the consequences of over-issuing money were partially alleviated after the collapse of the Soviet Union, and then the third information revolution also eliminated some of the consequences of Keynesianism.

Keynesianism continued for more than 30 years, all the way to Jérôme. In Bonaparte's previous life, Keynesianism was still beating the drum and passing the flowers.

The problem of currency issuance caused by the first industrial revolution can be partially solved by the second industrial revolution, not to mention that there are still many undeveloped areas in the world.

The consequences of Keynesianism can be solved entirely by the Third World.

Of course, Achill. Fuld waited and did not know Jérôme. Bonaparte's intentions, they could not have imagined that the world would develop faster than they could have imagined.

The productive forces that have erupted in more than 200 years have surpassed the sum of the previous thousands of years, and the bourgeoisie, with its tremendous productivity and vitality, has crushed the shackles of the aristocracy and pushed the world to a new height.

In Algu's view, Jérôme. Bonaparte's set was nothing more than a plundering of the "nation", and what was worse was that the plunder was given the name of the "state".

"Your Majesty, if you do this, I'm afraid it will cause prices to rise!" Count Argyu did not dare to rebuke Jérôme for plundering the people, he could only carefully dissuade Jérôme. Bonaparte gave up the thought in his heart: "Every price fluctuation in Paris leads to a revolution!" ”

"Then just use administrative means to keep Paris from raising prices!" Jérôme. Bonaparte said nonchalantly.

The history of France is a history of distribution according to noise, and not letting prices rise in Paris does not mean that other cities are not allowed to rise.

It is only necessary to let other cities suffer instead of Paris.

"Mr. Algu, compared to the rise in prices. I think unemployment is even more deadly! "Jérôme. Bonaparte replied to the Count of Argou.

"Your Majesty, this will cause panic among the people of the exchange, and more people will sell their bonds!" Count of Argourne against Jérôme. Bonaparte responded.

"If necessary, some means can be used to maintain stability!" Jérôme. Bonaparte said nakedly to the Count of Argour.

Everyone present knew Jérôme. Bonaparte's subtext, normal trading methods are not enough, guns are a good way.

In the opinion of the Count of Argour, Jérôme. Bonaparte's theory no longer belongs to the traditional financial category, and this theory is entirely based on looking at the executive directive as a guide to reverse the will of the entire financial level of Paris.

The Count of Argour's mind reappeared with the image of Emperor Napoleon, and he smiled wryly.

"Of course, I mean when necessary! We can take a closed approach! "Jérôme. Bonaparte reassured the Count of Argour, who did not want the president of the Banque de France to be by his words.

"Your Majesty, if you have to do this, then please remove me!" The last killer move was made by Count Argoo, who was a conservative thinker, and he could not imagine that he had carried out Jérôme. What kind of impact will Bonaparte have on France after that.

Although he remained nostalgic for the job of president of the Banque de France, he was even more reluctant to execute the Jérôme Écolemen. Bonaparte's near-suicidal approach.

According to the Constitution of the French Republic, the President has the power to nominate the President of the Banque de France.

However, one of the requirements to become president of the Banque de France is to be one of the French board of directors.

Jérôme. The only banker in Bonaparte's hands was Arshier. Fuld was a member of the board of directors, but as finance minister, he could not also be president of the Banque de France.

Rashly choose a Jérôme. The impression created by the coming to power of a guy unknown to Bonaparte is unknown.

Rather than facing a central bank governor whose pros and cons are unknown, it is better to choose the Count of Argu.

At least in Jérôme. Until Bonaparte completely usurped the throne, he could not have caused much turmoil at the Banque de France.

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