"Godfather, godfather, what are you painting?" The little one stood on tiptoe and leaned up with his head held high.

Li Qing picked him up and put him on his lap, unconsciously showed a kind look, and said softly: "Godfather designed the copper coin, do you recognize the four words on it?" ”

"Yes." Xiao Li Hong pointed to one word and said, "I don't know the others." ”

"This thought is 'unity', this thought is 'tong', and the rest of this thought is 'treasure'." Li Qing was very patient, chatting with the little guy while drawing.

Children lack knowledge of the world, are curious about everything, and are simply possessed by '100,000 whys'.

Li Qing was very patient and didn't feel annoyed at all.

"Godfather, don't you have copper coins, why do you have to do it again?"

"In the past, most of them used treasure money, and there were relatively few copper coins." Li Qing said, "As for the redesign, it is for anti-counterfeiting, in case someone makes a fake." ”

The little guy nodded as if he didn't understand: "Is there a fake treasure banknote?" ”

"At first there were, and then there weren't."

"Why?"

"Because if you want to kill your head if you want to make counterfeit money, your family will be killed." Li Qing said patiently: "Also because, our Ming banknote anti-counterfeiting is very good, the paper of the treasure banknote is specially made, in addition, graphics, letters, ink, numbering and other aspects, anti-counterfeiting measures have been made;

For example, the same treasure banknote, if there is no Ming treasure banknote seal, treasure banknote lifting department seal, printing treasure banknote bureau seal...... The seals are invalid;

In these seals, there are secret marks, including ink, ink and ink composition...... In short, counterfeit banknotes are difficult. ”

Actually, there is another reason why Li Qing didn't say it.

That is, due to the flood of treasure banknotes, the purchasing power is getting lower and lower, and the cost performance of counterfeit banknotes is too low.

"That's it." The little guy nodded, "If it's so difficult, why do you have to redesign the copper coin?" ”

Li Qing touched his head and said with a smile: "Because ...... Treasure money is not easy to keep. ”

Li Qing lied, political matters, you can't tell the little guy.

"It's also because our Daming's treasure banknote is so big, there is enough space for anti-counterfeiting, but the copper coin is not good, and there is no way to stamp and draw on it."

"Oh~ I kind of understand." The little one nodded cutely.

Li Qing smiled: "Go to a nap, wake up and your godfather will take you to the street." ”

"yes, okay."

…

Li Qing deceived Zhu Qizhen.

Because once a large number of copper coins flow into the market, there will definitely be a large number of people holding treasure money to exchange, this way, the future of the small denomination circulation of the people, will be dominated by copper coins.

Treasure banknotes, on the other hand, will further reduce the credit value.

On the face of it, this is not only a loss-making deal, but it will also push the treasure money into a desperate situation.

But in reality, this is not the case.

What Li Qing really wants to save is not the Ming treasure banknote, but the currency of the Ming Dynasty.

He said that the purpose of saving the treasure money was to make Zhu Qi feel that the temptation of printing money was too great, and as an emperor, he would never sit back and watch the treasure money lose its credit.

Judging from the current situation, industrialization is somewhat wishful thinking, but semi-industrialization can still be expected, as the maritime trade continues, the handicraft industry of the Ming Dynasty will be better and better, the sprout of capital has begun to appear, and the future can be expected.

But the premise of economic prosperity is to stabilize the currency, if the currency loses its credit value, let alone prosperity, the Ming Dynasty will be in chaos.

Having said that, in the long run, paper money is actually the best choice.

Because the imperial court can regulate the economy by printing and collecting Ming treasure banknotes.

But the problem is that the Daming treasure banknotes are only printed, not collected, and the emperor's printing is quite vigorous, resulting in a continuous decline in purchasing power.

That's it, Li Qing dissuaded him many times, if he hadn't persuaded him, Lao Zhu would have to print him in the dark.

No way, the temptation to print money is too great and the price is too low.

What Li Qing has to do is to raise the cost of minting money, so that the emperor cannot print money unscrupulously.

~

Afternoon.

Li Qingye and the two rode donkeys and wandered around the capital.

The donkey is an adult and carries one large and one small without difficulty.

The little guy snuggled up to Li Qing's chest, holding a sugar gourd in one hand and a stepping ball toy in the other.

It's not that the capital is more prosperous than Jinling, but the little guy is just three years old, and he has almost never been out of the Guogong Mansion before, so he is curious about everything.

After shopping for more than half an hour, Li Qing packed some meals in the restaurant, bought additional appetizers, two small jars of wine, and prepared to drink two glasses with Yu Qian in the evening.

When he got home, Li Qing took down the wine and food, and then led the little guy to Yu Qian's house as a guest.

Yu Qian's grandson is about the same age as Xiao Li Hong, and the two villains quickly played together.

At the beginning, Li Qing's parenting theory was regarded as a golden rule by Yu Qian, and under the teaching of the new model, the child was very lively and cheerful, much more comfortable than his father at the same age.

"Sir, is this your godson?"

"Hmm." Li Qing nodded, "What's wrong?" ”

Yu Qian shook his head and said in his heart: Why don't you give birth to yourself, don't you ......

"What do you think?"

"No, nothing." Yu Qian diverted the topic, "I heard that the emperor wants to mint a large number of copper coins?" ”

"Well, that's right." Li Qing said with a smile, "This money is not spent directly, but let the people exchange it with treasure money, rest assured, it will not cause prices to skyrocket." ”

When Yu Qian heard this, he relaxed, "It's so good, but since then, the people must be enthusiastic about exchanging, and the quantity is ...... Is it enough? ”

"You want to say that you don't suffer from widowhood, but you suffer from unevenness, right?" Li Qing asked with a smile.

Yu Qian's expression was solemn: "It's okay if everyone doesn't change, but if it's ...... Some have been replaced, and some have not been replaced, and they must be dissatisfied. ”

"First mint, wait until a certain amount is accumulated and then gradually open up the exchange, starting from the Beijing Division, radiating outward from place to place." Li Qingdao said, "Don't worry, I have planned this a long time ago." ”

Yu Qian nodded: "There is one more question." ”

"What?"

"The cost is so great that even... The big one is unbearable. Yu Qian frowned, "From the eighth year of Hongwu to the present, I don't know how many treasure banknotes have been issued, if I exchange them...... Ten copper mines is not enough! ”

"Thinking too much." Li Qing shook his head and said, "It must not be exchanged according to the original standard, in that case, the copper coin will not be valuable." ”

"How do you change that?" Yu Qian asked.

"Traditionally, the banknote is only exchanged for 100 wen, and there is no more." Li Qing smiled, "Even so, there will still be people rushing to change it." ”

"That's right." Yu Qian felt relaxed and muttered: "Shrinking ten times all of a sudden, the imperial court can still bear it, but does the emperor agree?" ”

In his impression, the little emperor is not a generous person.

~

"I don't agree, I don't agree."

In the Qianqing Palace, Zhu Qizhen was emotional, and his head shook like a rattle, "Limit, there must be a limit, if all the treasure banknotes can be exchanged, how much will it cost?" ”

"Your Majesty, don't get excited, listen to me......" ωWω.GoNЬ.οrG

"I don't listen." Zhu Qizhen covered his ears.

Li Qing and Yu Qian were speechless.

Zhu Qizhen was so angry, he had reason to be angry.

Why?

I didn't print the treasure money alone, so why should I pay for it alone?

How many have I printed!

He is not convinced, he is not angry.

Yu Qian looked at Li Qing helplessly: Sir, look, I'll just say it, the emperor won't agree.

Li Qing scratched his head: "Your Majesty, as the old saying goes, it is only right that the father pays off the debt of the son!" ”

“…… OK, OK, OK. Zhu Qizhen said with a dark face: "I also recognized the seal of the first emperor, right?" ”

Li Qing frowned: "What does the emperor mean by this...... The banknotes printed by Renzong, Taizong, and Taizu, and the emperor didn't recognize it? ”

In fact, there are really not many little fat seals, his reign is very short, and compared with several other emperors, it is only a drop in the bucket.

But Zhu Yuanzhang and Zhu Di, the two fathers and sons, have really printed a lot, especially Zhu Yuanzhang.

Before the theory of the 'five oranges' came out, he was a happy one.

Although the national strength was on the rise at that time, it did not cause inflation, but it should be said that the purchasing power of Daming Bao banknotes has declined sharply, and he has an unshirkable responsibility.

Zhu Di also printed less, just the large-scale printing of money that Li Qing had an impression of, there were tens of millions.

It is true that a lot of money was made from maritime trade, but the cycle of going to the West once was too long.

Although it has brought huge benefits every time, Zhu Di can't stand it too much.

The southern expedition to Jiaozhi, the five expeditions to the north of the desert, the Tongshun River, the construction of a new capital, and the compilation of the Yongle Canon.

These expenses were so large that he could not meet them by sea trade alone, so he had no choice but to print money.

However, although Zhu Di is the emperor who spends the most money in history, his money is not spent on his own pleasure, it is all for the construction of the Ming Dynasty.

Li Qing glanced at Zhu Qizhen and pouted with disdain.

It's like an ancestor who built a house, and the descendants of the future generations lived in peace, but ignored the craftsmen who came to the door to ask for the wages they owed.

"Your Majesty, you can't deny this account!"