Zhu Ying didn't pay attention to everyone's expressions, but added Daming treasure bills to the table one by one.

The original one Daming treasure banknote became two, two became four, four became eight, and soon there were hundreds of Daming treasure banknotes on the table.

However, the number of cards on the table has not changed.

Zhu Ying increased the Ming Bao banknote and asked everyone, what is the purchasing power of the Ming Bao banknote now?

"Three!"

"Two!"

"One!"

"Half a sheet!"

“......”

At the beginning, everyone remembered that Zhu Ying was the eldest grandson of the Ming Emperor, and Zhu Yuanzhang and the crown prince were also present, and they also cooperated with the answer.

But soon, as the number of Daming treasure banknotes increased, the words of the people became less and less.

In the end, only Lan Yu was still counting on his fingers.

When the number of Daming treasure banknotes exceeded 100, even Lan Yu chose to shut up with a sluggish face.

In an instant, the entire manor was silent.

"Now, do you know why I said that the Ming treasure banknote is a drawback?"

After Zhu Ying took out all the Daming treasure banknotes in his hand, he lightly swept around the crowd, and then asked lightly.

Of all the people at the scene, only Lan Yu had a question mark on his face, and the rest of the people had a melancholy face.

Especially Zhu Yuanzhang, his brows have been wrinkled into a Sichuan shape at this time.

"According to what you say, our Da Ming treasure banknotes are really worthless?"

"What the hell is going on?"

Li Shanchang was the first to ask.

According to this algorithm, Daming treasure banknotes are indeed too hard to wipe their buttocks!

Anyway, it was also issued by the imperial court, how could this be?

If it weren't for the emperor's eldest grandson to say it, I'm afraid that by the time we found out about this problem, it would have already become a mess of porridge.

"The core reason is that His Majesty does not understand the economy, and blindly prints and distributes Daming treasure banknotes, which leads to the overissuance of Daming treasure banknotes, which will naturally depreciate all the way."

Zhu Ying sighed.

Zhu Yuanzhang's original intention was good, but when the household department printed and distributed the Daming treasure banknotes, they didn't realize that printing too many copies would lead to the depreciation of the Daming treasure banknotes.

By the time this problem was discovered, there was no way to recover and I had no choice but to let it go.

"Hurry up and talk about it, how to avoid it?"

Wu Lin also frowned and stood up.

"Okay!"

Looking at everyone's puzzled expressions, Zhu Ying nodded.

"You must have also discovered that the value of the Daming Treasure Banknote is not the amount of silver it can exchange, but the amount of goods it can buy!"

"Daming treasure banknotes have purchasing power, we can call it banknote ability."

"Therefore, there is no problem for the imperial court to print and distribute the Ming treasure banknotes, but the problem is that the number of Ming treasure banknotes should be proportional to the total amount of goods on the market."

"If there are more goods in the market, then you can print a little more Ming Bao banknotes, once there are more goods and less Ming Bao banknotes, it will cause another serious problem, which we can call deflation."

"On the contrary, if there are fewer goods in the market, then it is necessary to print less Daming treasure banknotes, once the goods are less and the Ming treasure banknotes are more, it will also cause a problem, which we can call inflation."

Zhu Ying said as she wrote these eight key words on the wall.

Li Shanchang and Wu Lin were unprepared, so they could only keep it in their hearts silently.

Only Zhu Biao, who is really not here to eat, drink and play cards, but to learn.

Therefore, I took out the small notebook I had prepared and wrote it down word for word.

"What is deflation? What is inflation? What is the impact of this thing? What's the connection? ”

Zhu Biao asked while remembering.

"The so-called deflation is very easy to understand, that is, there are a lot of goods in the market, but we do not have Daming treasure money, in this case, people can only choose to barter transactions, and the market will not prosper."

Zhu Ying explained slowly.

"That's not a big deal, is it?"

"That's right, at most, it's just a little troublesome when collecting taxes, what's the problem?"

"So that's all there is to deflation?"

......

Zhu Ying's voice landed, and everyone immediately began to talk about it.

The Ming Dynasty naturally cannot be compared with the 21st century, the current business is not developed, the main body is still a small peasant economy, so most of the people are staring at their own acres of land.

In fact, in many places among the people, not to mention that the Daming treasure banknotes are not in circulation, even real money and silver are rare, and there is still a barter way to trade.

Therefore, deflation is a big problem for the 21st century, but for the Ming Dynasty, the influence is indeed like that.

"The impact is really limited, but the impact of inflation should not be underestimated."

"This is also very understandable, the core reason is that the imperial court is not restrained, blindly printing and distributing Daming treasure banknotes, resulting in the continuous depreciation of Daming treasure banknotes!"

Zhu Yuanzhang doesn't understand the economy, let alone finance, in Zhu Yuanzhang's concept, how much we print this Ming treasure banknote, then the court can distribute as much as possible, and the more it is printed, the richer the court will be.

"As you just understood, the quantity of goods on the market remains the same, but the quantity of Daming treasure banknotes continues to increase, which leads to the continuous reduction of the purchasing power of Daming treasure banknotes."

"For example, a Daming treasure banknote can buy ten catties of rice at the beginning, and in the end, a hundred Daming treasure banknotes can buy one catty of rice."

When everyone heard this, they all nodded their heads to indicate that they understood.

After Zhu Ying's demonstration and example just now, they really understood.

When Zhu Yuanzhang heard this, his face was also red.

It seems that I think too simply!

"How terrifying is this inflation?"

"Why didn't I understand?"

Lan Yu had a question mark on her face, and finally couldn't help but ask.

What the hell is this little bunny talking about?

What's the tightness, what's the expansion?

Why did the rest of the people have the same expressions as if they couldn't pull out after listening to it?

It can't be more terrifying than us cutting people on the prairie, right?

"It's to be expected that you don't understand."

Zhu Ying smiled.

In the 21st century, many people are unclear about the connection between the two, let alone the ancients of the Ming Dynasty.

"In short, once the inflation is over, the Daming treasure banknote in your hand will be reduced to a piece of waste paper, and you can't buy anyone's things, now you know how terrifying it is, right?"

"Can't buy anything?"

"That's terrifying!"

Except for Zhu Yuanzhang and Zhu Biao, the rest of the people in this group had to receive the court's money, and the court's money to officials during the Hongwu period was issued with Ming treasure banknotes.

Once the Daming treasure banknote is reduced to a piece of waste paper, nothing can be bought, and the impact on them is naturally the greatest.

After all, the people of the people basically do not have any Ming treasure money in their hands, and even if they do, there are only a handful.

When the time comes, just work for Lao Zhu Jiabai, the key is that he is a young family, what do you eat and drink?