"My Commissioner Lin, you really don't treat money as money."

When Academician She saw Pan Yongnan leaving, he went to inquire about the situation, and when he heard that Xinyuan was going to invest in a big project again, his heart suddenly burst.

It's not a secret that the Academy of Sciences is engaged in chips in space, and it has hit him before.

Of course, the first department of the space agency is not very interested in this kind of ultra-high investment plan, and it is nothing to send some scientific research equipment, but it will not support it if it does not give enough reasons to engage in space construction.

Academician She was so harassed by the Academy of Sciences that he simply drove them to Lin Ju, and according to his understanding, Xinyuan might give a little support.

But Lin Ju's decisiveness was still beyond imagination, not only accepting to make adjustments in the preparation stage, but also promising an investment of 100 billion.

Although it is not to take out so much money at once, just to see the progress of the project, but this courage is amazing enough.

What is the situation of Xinyuan's main business is not a secret in the central government, even if it is a huge loss to increase taxes and subsidies every year, but it is very prosperous to engage in side business.

Academician She's concern Lin Ju didn't take it to heart at all, but jokingly put his hand on his shoulder:

"Money is printed paper, but what we spend in space is a real industry, and money is nothing in the era of credit money."

However, Academician She frowned, and looked at him as if he had re-acquainted himself:

"Do you believe in MMT?"

"Isn't that all there is now?"

MMT stands for Modern Monetary Theory, and its growth has been mainly since the beginning of the new century, and the central idea is very simple:

Hasn't the modern state abandoned the gold standard and the silver standard to endorse the currency, and the banknotes printed are all credit money? Then these banknotes can be regarded as worthless in themselves, and the reason why people accept them is only the coercive effect of the government.

MMT believes that in this case, it is good to print money directly when the country needs to regulate the economy, and more bluntly, it can be regarded as "printing when there is a shortage of money", and the larger the government's fiscal deficit, the more it means that wealth flows into the market, which is better for the economy.

The ultimate purpose of MMT is to make full use of idle resources and productive forces in society by printing money, for example, if someone is unemployed, spend money to provide him with a job, and spend money to create demand if there is no demand for raw materials.

In MMT's view, printing money (in fact, the over-issuance of modern national currencies directly adjusts bank figures) has no cost, but it can bring real production benefits, so the government should use money unscrupulously to meet all needs and achieve the peak of productivity.

The most important point of MMT is that the printed money can be spent and converted into actual productivity, and the conversion into productivity requires a certain threshold of productivity.

Who is productive enough? Of course, it is a large industrial country with a considerable manufacturing scale.

The denomination of banknotes in industrial countries is relatively stable, and the reason why they will not fall and increase sharply is that they rely on their own manufacturing capacity, and other countries can only buy the industrial products they need with their currency, and they have to pinch their noses and continue to use them no matter how much they print.

Lin Ju clearly remembers how the Fed of the original world line was crazy about releasing water, and their approach was almost to practice MMT, and the negative effects brought about by it were silently transferred to other buyers who were forced to accept the dollar under its strong productivity.

So Lin Ju believes in MMT more, because he can do it himself, and he ...... Ahem, practical experience is not impossible.

Even if the domestic aerospace industry continues to run wild with amazing losses, it doesn't matter, as long as it is connected with the official, it can be stabilized when it is needed.

Even if there are all kinds of side effects, it doesn't matter, because he knows that the Fed will eventually have to release a lot of water, and the country will inevitably follow suit, and since the general trend is irreversible, then this is just following the trend of history.

The space industry invested in water release can still be regarded as an absolute good asset, the spacecraft will not disappear, the lunar base will not disappear, and the high-end industrial chain cultivated in the process has not disappeared.

As for the depreciation of currencies and the shrinking of wealth in other affected regions, it can only be said that the same is true of the release of the US dollar, just like bad money driving out good money, and if it cannot be stopped, it will inevitably join.

Lin Ju's righteousness made Academician She a little silent, although he didn't understand the economy, but there was still a little guess how much the budget for so many big projects was drawn from last year's financial revenue and how much was released.

After saying that, he was even a little more relaxed, the full development of the joint mining construction operation has always made him a little worried, and now he is a lot more relieved after thinking that it should be others who are worried.

Dead friends do not die poor, although it sounds a little irresponsible, but it is an objective truth for thousands of years.

After being silent for a while, Academician She suddenly spoke:

"If you don't just become the chairman of the committee, I think the career you have made with aerospace may be beyond imagination."

"I can't do it, but I can't do it, but ...... You mean you can continue to increase the budget next year? ”

“……”

……

December 1.

Hatoji Nakayama, who has been pretending to be sick for a month and a half, finally appeared in public again, but he still looked weak under the camera, and even needed the support of two bodyguards to stand firmly, and his face was pale as if he had just recovered.

When he was in the hospital, Hatoji Nakayama desperately submitted his resignation, but what he didn't expect was that the parliament was shut down and his resignation could not be approved.

The reason for the shutdown is also simple: more than a third of parliamentarians are absent.

More than half of them were also "sick from heavy work", and the thin-skinned ones hid abroad or simply closed their doors.

Now the authorities of the island country are almost paralyzed, and the grassroots are still functioning well, but the top leaders are like evaporating from the world.

Of course, the IAEA could see what kind of trick this was, and Obia immediately thought of the Gandhi who was shouting about non-violent non-cooperation, and also expressed his dissatisfaction and non-cooperation through this extremely negative swing.

If you think about it, the best way for them to deal with it now is really like this, the IAEA that has reached an agreement can run rampant in any corner of the world, confrontation is definitely a dead end, and if you don't confront, you will have to bear some civil pressure, and it is shameful but effective to escape.

However, the IAEA's actions did not stop for a moment, and when the two H-6s, which were converted into radiation monitoring aircraft, legally flew through the Tsushima Strait and plunged directly into the territory of Mishima, all the preparatory work was basically in place.

Nakayama Hatoji couldn't pretend to be dead at this time, and if he stayed in the hospital again, the IAEA asked a doctor to treat him.

However, he still insisted on his stubbornness in public appearances, and the first stop was the Spiritualist Society, to be precise, there is only a charred ruin here.

In the aftermath of the fire, the authorities approved a rescue and reconstruction plan, but it appears that the debris has not yet been cleared.

(End of chapter)