"You look at it and say, with you, the more you learn, the more you find out what you don't know."

The chief looked out the window, blinking his eyes, and was about to doubt his life.

When I first learned from Hanhan, I found that there were still so many bright windows open, and I was hungry to learn.

Then the level went up, and the window became a door, and it was possible to chat with His Majesty and the ministers, and also give ideas, and be self-satisfied.

It doesn't matter what it is now, where is the door? It's open, all eyes are blank, insist on living, be tenacious, didn't starve yourself to death when you were a child, and now ...... It's better to die than to live...... Zhu Yichang, you can do it, come on! I will go to the crying hall again for the Chinese New Year this year, no, I will cry during Qingming.

How did Zhu Wentian know that Li Chang had so many mental activities? He is more patient.

"Captain, let's talk about a relatively negative interest rate first, keep your money in the bank, and give you consistent interest for a hundred yuan a year.

When you save it, you have a pound of indica rice for a penny, and when you save it, the price of indica rice will rise, and the price of everything else will follow.

A year later, indica rice costs two pennies a catty, and everything else doubles.

If you didn't keep your money in the bank at that time, but bought Indica rice, and you sold the Indica rice, 100 guan became 200 kan.

That is, the bank interest rate has not outrun inflation, which is called a relatively negative interest rate, and I am here, and the Ming Dynasty does not allow such a situation. ”

The lieutenant nodded again and again: "I know, I know, the food is getting more and more expensive, and I can't afford to eat, so it's ...... Don't be ordinary, you don't talk about all the disasters, this is the case in Shandong, Hebei, Henan, and Beiping. You continue. ”

"The absolute negative interest rate of commercial banks is the same as the previous gold and silver shops, you save 100 yuan, and when the time comes, you have to give me the same money, and you have 99 yuan left.

Theoretically, this situation does not exist in commercial banks, otherwise banks will not be able to lend without deposits, so what is it still commercial? Employees are not paid.

But there are special circumstances, such as if you use the money that should have been deposited in the bank to make a transaction, and your profit is 10%.

Then our Daming's treasure money is worth a lot of money, and the purchasing power is twice as much as before, even if you give me one percent of the money, you still get ninety-eight percent of the profit, which is eighty-eight percent higher than when you do business.

It's internal, it's external! Youyi people also want to keep their money in our bank, and they can see that we have developed well, and they can buy more things with treasure money.

I don't agree, I'm not short of money, why should I let you take the money and make it? Then I will charge you more, for example, if you save 100 yuan, I will charge you 50 yuan.

You either lose money or don't get involved, I refuse you and don't give you a chance to share the benefits. This is called an absolute negative interest rate. ”

Zhu Wentian talked about both internal and external situations, and the measures taken in different periods are of course different in different periods.

"Then if I don't invest my money, I just want to keep the cash at home, and when the interest rate is negative, won't I make money?" The lieutenant expressed the doubts in his heart.

"Yes, this is the problem encountered before the Ming Dynasty, or when it has not changed, everyone does not spend money, and the currency in circulation is insufficient, so it can only issue treasure banknotes without collateral, and enforce them through administrative means.

When the physical object as the carrier of circulating money is insufficient, deflation begins, and the country enters the mode of economic stagflation, which is very harmful, then inflation can only be artificially created.

The ban on non-governmental foreign and overseas trade, the cancellation of the official overseas trade department, and the restriction of internal road introductions, are a backwater.

The issuance of that kind of treasure banknote is to continue to inject water in a pool of stagnant water, which looks diluted, but there is evaporation, and productivity cannot be improved, what is the use of water injection?

Pigs don't grow fat, you fill the pigs with water, and then sell pork, can the people who eat them grow fat? There is no shortage of oil and water?

Your money is not spent, you keep it, you earn? People don't want your money anymore, let you pay treasure money when you pay the field endowment, pay treasure money when you pay taxes, what is the use of your money? ”

"Oh my God! Alas? Hanhan, if it weren't for us, wouldn't it be ......?"

"It's already there, don't think about what you don't have, it's good now.

Let me give you a brief explanation of the negative interest rate of the central bank, first of all, we must understand the active negative interest rate or the passive negative interest rate, and there is a big difference between the two.

The purpose of the central bank's active negative interest rate is to let the lower-level commercial banks spend their money, and generally as long as the central bank adopts negative interest rate measures, the commercial banks will cut the reserve ratio, reduce the reserve ratio, lower the deposit interest rate, and lower the loan interest rate.

Ask your commercial banks or financial structures not to keep their money and release it quickly, this is proactive.

There is also a passive type, the Ming treasure banknote is valuable, the most important time to the outside world, others are willing to take the Ming treasure banknote, just like the previous Wa Kingdom, Goryeo and other copper coins of our previous dynasty as currency.

When this appreciation reaches a certain level, it is the time when passive negative interest rates begin, and the faster the appreciation, the greater the appreciation.

The more negative interest rates there are, the faster they are, and then the inflation will either you believe it or not? Because if you raise interest rates, you are artificially making money more profitable.

The interest rate hike is to curb the circulation of money, but the interest rate raised will still be released in the end.

Then when our Daming treasure banknote becomes the currency of more countries, we need to adjust it by raising interest rates and reducing interest rates.

The deflation and inflation of the central bank's interest rate hike depend on the degree of domestic economic development.

I'm not quite right, but the simplest truth, you haven't eaten meat for a year, and I suddenly make you a big pot of braised pork, the fragrant kind, what do you think? ”

"I want to take some antidiarrheal medicine." The lieutenant understood this time: "Monetary policy is in line with economic policy, including domestic and foreign, depending on how you choose." Although ginseng is good, it can save lives, but it can also kill people. ”

He understands a general idea, that is, he understands what is going on, as for the specific operation......

"Shall we go get hot pot stuff now? Hanhan, I'm a little tinnitus, is it on fire? ”

Sato closed his eyes and opened them immediately, feeling that the world was spinning when he was closed.

Zhu Wentian got up and came to the back of the chief, and rubbed his hands on the neck and head behind the ears, this posture is very simple, and he can do it himself.

It is the posture of holding the chin with both hands, and then putting the hands back, putting them behind the ears, and pushing them from the neck to the back of the ears to the top of the head, and a lot of tinnitus will be cured.

Even if you don't feel your tinnitus, push it a few times like this, and feel it again, and you find it comfortable.

"That's it!" Zhu Wentian also said the same, let go of his hands, ready to wash his hands, and his skin was oily.

"No more buzzing, oops! At that time, there were actually four children, and we don't know why, we didn't go to the place of the three children at all, so we went directly to you and brought you back, God opened his eyes! ”

The chief sighed that there were so many choices before, so he chose this one and brought it back to raise.

Then at the age of fifteen, the age at which the hair should be tied became what it is now.

Tinnitus to find a doctor to check the pulse, Hanhan just come over and rub it.

Get! This year's Qingming should be ...... well

(End of chapter)