When Fiat and the others left, Rand soon met his real opponent: Frank Douglas, a familiar secretary of the Imperial Capital Treasury and a legendary lawyer, who came to visit Rand with a group of Magisters from the Treasury Department, and said a little unceremoniously as soon as they met:

"Duke Rand, His Majesty the Emperor will determine the status of your realm in his speech at the end of the month, and there is no doubt that only if your attitude is highly consistent with that of the empire, can the realm become more independent."

In response to the legend's words, Rand asked with some skepticism, "Sir Frank?" If all the policies in my realm are in line with the Empire, then why don't I annex my territory directly to the Empire? ”

The legend didn't expect that his first sentence would be scolded, so he quickly explained: "Eh...... I mean, you should stand on the level of the empire as a whole, and deeply understand His Majesty's requirements from a magical and philosophical point of view, such as the thirst for money from the empire and the royal family. ”

For such a blatant statement, Rand asked angrily: "This is the reason why you opened the whole magic furnace under my banner?" ”

"Your Excellency!" The legend hurriedly said: "The magic furnace coupon is imperative, the future empire's demand for the magic furnace will only increase, a new magic furnace will bring millions of new currency, hundreds of magic furnaces can bring more gold coins, will exceed the total number of existing gold coins in the empire, can you accept that each family and institution can make their own gold coins?" ”

Frank pays lip service to the Empire, but in fact he can't stand his ground, and Rand laughs and says:

"Sir Frank, to be honest, I am not an expert in economics or finance, but I have consulted Her Majesty, the Goddess of Wealth, on the issue of magic furnaces and money."

According to the practice of the Goblin Empire tens of thousands of years ago, after a new magic furnace is installed, even in a forest, desert, that is, without high-level use of magic, the production of magic products to create new value can only increase year by year, and it will take about decades for the accumulated wealth to reach a relatively flat and saturated state.

And once the magic is relatively barren, such as large cities and areas with a high density of magic furnaces, the new magic furnace can play more of a role in magic regulation than creating new value, which is why although dozens of new magic furnaces have been installed in the imperial capital, only those in the Salt and Iron Division Demon Furnace Hall can really be used as a basis for currency issuance, because only those magic furnaces have developed the magic power in the underground magma of the furnace hall and created new value.

To put it simply, the demand for money created by the magic furnace is not created out of thin air, but is generated in the transformation of the form of magic power, because the magic stored in the leylines is "transported" to the ground, and gold coins are needed as the embodiment of magic circulation.

The Magic Furnace Coupon sounds similar to a loan, using tomorrow's currency to invest in today's Magic Furnace, but the family that has the money to buy the Magic Furnace Coupon from the Finance Department has no leylines to mine underground after installing the Magic Furnace at home, so there is no new demand for currency.

And where there are leylines, such as the Galloping Horse Plain, the Hindukr or the Southeast Kingdom, there are usually no gold coins to buy magic furnace tickets, and if they want to install a magic furnace, they can only take out loans with the family in the imperial capital, and cede a large amount of future profits to the big family and the Ministry of Finance.

Seeing Frank's face getting more and more ugly, Rand could only say: "The more magic furnaces are built and installed, the stronger the regulating effect of magic power, the weaker the ability to create, and the less demand for new money will be generated."

Therefore, the currency required for each new magic furnace needs to be tracked for decades to be calculated, and the existing magic furnace does not need to rush to mint new coins, and the future magic furnace should also be cautious, you say? ”

"Ah......h

"Duke, I think Sir Frank's point just now is that we all want you to have more autonomy," Gordon Campbell hurried up, "but Your Majesty, you will never allow their assistant treasurer to have a completely independent kingdom, so we suggest that you leave some of the cost aspects of the Magic Furnace to the Imperial Commander, which of course does not involve any decision-making power over the Magic Net and the Magic Furnace." ”

"Yes, Duke, that's what I mean!" Frank finally figured it out and hurriedly said, "The Treasury Department does not want to interfere with your responsibilities to His Majesty Willy as the Forger of the Magic Furnace, but a brand new Magic Furnace will more or less inevitably create new currency demand, and if the Night Qicheng Finance Department presides over the issuance of these new coins, it will never be possible for the Empire to keep your territory independent." ”

Of course, it was Rand's idea to let the imperial institutions issue currency, so he nodded: "Of course, in fact I have already suggested to Your Majesty that a special agency be set up to deal with these things,"

"You? ...... to Your Majesty"

Rand continued: "Yes, I propose that the royal family set up a special fund for the magic furnace, which will be financed from the Temple of Fortune specifically for the casting and installation of the magic furnace, and all the value created by the new magic furnace in the next 30 years will also be purchased by the fund, so that all newly issued gold coins will be absolutely magically productive, and there will be no risk of over-issuance or deflation."

In order to balance the stability of the currency in the Plains and the Empire, tokens will be used to settle internal circulation in the Plains, and gold coins will be used for import and export products. ”

"This is too ......" Frank wanted to describe it as whimsical, he never thought that the royal family would bypass the Treasury Department and directly collude with the Temple of Wealth, once the royal family can issue currency independently, then the Treasury Department will not even have the meaning of existence?

"My lord, I have to say, once your idea is announced, I'm afraid no one will agree to the restoration of the Galloping Horse Kingdom!" There was a hint of complaint and threat in Frank's words.

"Who said I'm going to build a galloping kingdom?" Rand stared at Frank and asked with a smile, "Now there are no 20,000 people on the Galloping Horse Plain, which is much worse than a duke." ”

The "Could it be ......" legend is a little unconvinced that Rand would make his plains a Dominion.

Rand continued: "I have reported to Your Majesty that the name of the steppe khanate on the Galloping Horse Plain will be restored and named the Galloping Horse Khanate!" ”

"What?"

"Now all the members of the Running Horse family who have returned from the Hindukr on the plain, about 100,000 people, the original barbarians on the steppe, about 100,000, and the orcs and half-orcs who remained on the steppe, a total of about 20,000, and about 50,000 people of the Running Horse River Finless Porpoise Tribe, and the Falling Moon Lake Sea Beast Tribe, will become the subjects of the Running Horse Khanate.

The Galloping Horse Khanate is honored as the god of the barbarians, that is, His Majesty the God Emperor, and worships the god of March, the goddess of life, the goddess of wealth, the goddess of abundance, and the god of the sky, and the capital of the kingdom is set up in the city north of the night unicorn city. ”

"Gong ...... Your Excellency, Lord Duke, ...... Can't ......" no one in the Finance Department thought that there would really be people who call themselves barbarians.

However, there was no hint of joke in Rant's eyes: "By the way, the Galloping Horse Khanate is currently tentatively bartering, there are no plans to issue gold coins, and all relevant applications have been submitted to the Emperor for graduation and His Majesty the God Emperor." ”