Judging from Wang Anshi and Cai Jing's appearances, they have always believed that they have mastered the trick of enriching the country and strengthening the army, and they also have a set of financial theories to support their beliefs.

Due to the strength of the state machine, there are always some people who mistakenly believe that zhèngfu is omnipotent. When confronted with economic problems, they often involuntarily look for solutions at the level of zhèngfu.

This was the case with Wang Anshi's reforms, and the measures he took were to make zhèngfu officials do business, try to increase taxes, strengthen household registration control, and so on.

This theory not only confuses the young and happy emperor, but also fascinates them themselves. Even if the fact that the world has suffered greatly is in front of them, they will still firmly believe that they are the ones who are ahead of the times, and they will not have any regrets.

Comparatively speaking, in ancient China, the development of economic theories that limited the power of zhèngfu was slightly behind. Sima Guang and other Confucians refuted Wang Anshi, Cai Jing and others, and the theoretical weapons used were nothing more than the traditional Confucian ethics of "not competing with the people for profit" and "the law of the ancestors is immutable".

Such a statement was naturally despised and ridiculed by Wang Anshi, Cai Jing and others who thought they had mastered the ancient strange law. In Wang Anshi's view, this is all old-fashioned and inflexible. Wang Anshi even proposed: "The sky is not enough to fear, people are not enough to be compassionate, and the law of the ancestors is not enough to be observed." This famous quote has been repeatedly quoted by later generations.

It's like Bernanke's big money printing in later generations, which is comparable to Cai Jing's ten coins back then. Ordinary people have suffered damage to their property because of the Fed's indiscriminate issuance of currency, but these small grievances of the people are naturally not in Bernanke's eyes.

What he sees is the Fed's battle against "deflation". He firmly believes that the Fed's big money printing is the magic weapon to save the economy from the quagmire. And what supports his conceit is the many theories of intervention that include Keynesian theory.

But almost everyone who came from the later Celestial Empire knew that zhèngfu intervened in the economy. What are the consequences......

Wen Fei silently thought about the information he had just read last night, he was not a student of economics. Although when I used to go to school, it seemed that it might be ...... I've studied a few books of politics and economics, but the content seems to have been returned to the teacher early.

So it was difficult for him to say more, but he vaguely felt that Cai Jing was right to be ten dollars, but there was something wrong with it...... It can be said that a piece of paper in the future can represent money. Even the money placed in the card, which does not even need paper, still plays the role of currency. Therefore. Wen Fei didn't think there was anything wrong with being ten dollars, anyway, people still had three dollars of copper......

"I'll introduce someone to Father Shang, and Zhong Hao will come in!" Cai Jing shouted.

There was a low noise outside. There is a scholar in a green robe. Walk in slowly. Said to Wen Fei and Cai Jingshi: "Meet Father Shang, meet Xianggong!"

"This is ......," Wen Fei asked.

"This is He Huan and He Zhonghao," Cai Jing said with a smile: "Speaking of which, I thought it was your subordinate at first! At that time, he scooped your colored ball to meet me, and he really scared me!"

He Zhonghao knelt on the ground with a puff, but this time he was startled. But I heard He Huan say: "Father Shang is my father-in-law, please accept Zhong Hao's worship!"

Wen Fei hurriedly pulled He Zhonghao back. Asked, "What's going on?" This is not the Qing Dynasty who likes to kneel at every turn, except for the parents of the gods. It's rare to get on your knees like this.

He Huan said honestly: "Zhong Hao was originally just a down-and-out scholar, living in a monk temple, and he was snubbed. Thanks to Shang's father, he sent money and colored balls, so that Zhong Hao was able to get out of his depression and concentrate on his studies......"

Oh, as soon as he said that, Wen Fei understood. This was the kind of behavior that Wen Fei did to buy people's hearts at that time. All the loyal ministers and filial sons in the city of Tokyo, scholars who study hard, and so on. Anyone who inquired about it was given some money, and even colored balls were given to people to go to the Crystal Palace to hear the sermon.

These means are almost the same as the promotional methods of later merchants. However, if it is implemented in another way, the effect is outrageous. After all, the means of merchants, others know that they are to make money. But when it comes to religion, I don't know how many devout followers have been exchanged for Wenfei's Taoism......

Even the He Zhonghao in front of him is a beneficiary, and he said something unpleasant. This He Zhonghao won the official examination after ri, will he be good at reading Wenfei? Will he make it convenient for Taoism after ri? One or two such people seem to have no effect. But it has been carried out over many years. That's incredible!

It's just that Cai Jing called this He Zhonghao for what? Could it be related to the topic they are talking about now?

"At that time, Zhong Hao scooped Shang's father's colored ball to my door to ask to see him, if it weren't for the colored ball, I'm afraid I wouldn't have seen Zhong Hao's talent!"

Wen Fei looked over, but saw He Zhonghao honestly giving Wen Fei a salute again. Then he said: "The boy is arrogant, scooping up the token of his father and acting recklessly. Please don't blame Father Shang!"

I told the matter one by one, and it turned out that when He Zhonghao saw the immortal money. This person is not the kind of person who reads to the death, but the kind of person who really thinks about how to help the world and save the people. After seeing the fairy money, I immediately thought of bustling > in the market

Few-grained Fei deleted the serval and blew the oyster pen h bit and the curtain of the curtain >

He is just a poor scholar, and no one knows whether he can be admitted to the imperial examination in this life. But this is a huge opportunity, and wealth is at stake. So after this He Huan and He Zhonghao listened directly to the sermon in the Crystal Palace, the second ri went to see Wen Fei.

It's a pity that Wen Fei was busy collecting thunder qi at that time. was attacked by Grandma Hu again, and then went to understand the state, and he was very busy. He Huan had no choice, so he simply gritted his teeth and scooped the colored ball to see Cai Jing.

Originally, this colored ball was not a token, after all, there were so many distributions. But He Huan gritted his teeth and fought hard, and he really asked Cai Jing for summons.

"This is not good for ten dollars, the most important thing is that there are too many thieves in the world, and it is impossible to kill. He Huan said: "Second, the people don't believe it. It's like three dollars, but it's like ten dollars. But Zhong Hao looked at it at that time, and this immortal money ......"

As he spoke, he took out a fairy coin from his sleeve, gently placed it on the table, and said, "Although I don't know what it was made of, the weight is only about five yuan." But you can get 15,000 dollars......"

Hearing this, even Wen Fei was surprised: "What? A piece of immortal money can be exchanged for fifteen yuan?" This price was too unexpected for Wen Fei. No wonder everyone who was rewarded just now was so happy......

Speaking of which, Wen Fei originally engaged in the gold leaf, and the last one was copied to about Qianguan. Wen Fei was taken aback, but after all, it was a process limitation, and many people said that it was Shang's father who turned stones into gold and turned ordinary leaves into royalty. Many people want it, and they use it as a magic weapon.

But what Wen Fei didn't expect was that this kind of immortal money cast by Yuan Datou could actually be copied to more than a dozen times. This is not a startled problem, but obviously the jaw is about to fall......

"Recently, when ten dollars has made the people panic, they have to spend the money in their hands, and many people want to exchange it for this immortal money. Now this immortal coin has been copied to fifty times!" Cai Jing said.

Now Wen Fei has nothing to say, no wonder later generations say that what is the easiest business to make money? nǎinǎi's, his own privately issued immortal money, is better than zhèngfu fiat currency, hehe......

Wen Fei suddenly knew what Cai Jing was looking for him. Surprised, he asked, "......What do you mean by Cai Xianggong?"

Cai Jing nodded and said, "As soon as Zhong Hao looked for me at that time, I felt that it was feasible. It's just that Shang's father and nobles are busy, after going to understand the state. I went to the Northwest again...... Speaking of which, I would like to thank Father Shang for helping me rectify the salt pond in Jiezhou. Originally, the income of Xie Zhou was only two or three million a year, but after being taken care of by Shang's father, the annual income has now exceeded 10 million, which greatly eases the financial pressure of the imperial court......"

Wen Fei didn't pay attention to what Cai Jing said later, he was just thinking. Yes, yes. The biggest difference between the currency of later times and this ancient currency is the credit. In fact, Cai Jing's idea of being ten dollars was not wrong, but he used the wrong means.

And most importantly, the currency of the future generations must be backed by credit. It was the storage of precious metals in the treasury, and it was the credit guarantee of a national zhèngfu......

And Cai Jing doesn't have any of these at all, and more importantly. This kind of credit currency cannot be issued at will. There must be strict restrictions, yes, what is it called 1 or 2 in the economics I used to study?

Anyway, there seems to be a simplest formula for calculating that the amount of money issued is equal to the precious metal reserves plus the number of times in circulation. Anything beyond this will depreciate the currency, which will cause inflation......

Wen Fei thought about it for a long time, and suddenly made a decision. It seems that the currencies of the old Britain are all privately issued? The Federal Reserve of the United States is also private?

So is it possible that the currency issuance of the Northern Song Dynasty can actually be in the hands of private individuals?

The currency of the richest country in the world today makes people's blood boil when they think about it. The most important thing is that if the currency finds that the power is in the hands of zhèngfu, then when zhèngfu encounters a fiscal deficit, I am afraid that the first thought that arises is to increase the issuance of currency...... This leads to the emergence of inflation......

This is true in modern countries, let alone the ancient imperial court without knots. Wen Fei can be sure that the issuance of this currency is in the hands of the imperial court. Then these people don't think too much about it at all, and when they have the opportunity, they will desperately find the currency...... The result will only lead to credit bankruptcy......

It's like fiat currency and gold yuan coupons in the Republic of China...... It is said that for 100 fiat, you can buy two cows at the beginning, and you can only buy one chicken in the second year. In the third year, I couldn't even buy eggs, and in the fourth year, it seemed that the money for buying vegetables on the street was ....... )

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