Jin Lian continued: "In fact, there are a large number of private salt fields in Liangzhe, Lianghuai, Fujian, Guangzhou and other areas. They hire local people to act as stove salt workers and fry salt every day, which is extremely large."

"The salt intake of the Ming Dynasty can be accepted in the official salt field, and it can also be accepted in the private salt field."

"So, the imperial court issued so many salt citations, which did not cause any disturbances. Instead, the prefectures and counties in various places always hoped to have more salt citations."

When Zhu Qiyu was a teacher, she actually had a question.

The earliest paper currency in the world appeared in the Song Dynasty. Textbooks at that time wrote about the earliest credit currency.

Later, when it came to the Yuan Dynasty, it was the Zhiyuanbao Note, and when it arrived in the Ming Dynasty, it was the Daming Bao Note.

But these paper currencies soon became cheaper than toilet paper because of over-issuance and inflation.

So what is the basis for the emergence of these paper currencies? Why did they become a pile of waste paper?

The reason for the appearance of paper money is very simple, because it lacks currency to complete private trade transactions.

The Ming Dynasty produced more than 100,000 taels of silver a year, and Zhu Yuanzhang's ancestral teachings, in order to promote the use of the Ming Dynasty treasure banknote, the people are not allowed to trade gold and silver.

The infringement of the Daming Baochao Bank has begun in the Hongwu period. The flood of the Daming Baochao Bank has been a disaster, from the initial exchange of a banknote, to the waste paper that no one wants for a banknote now.

But another paper currency, which relies on grain and salt, appeared, that is, salt.

The salt turf of the Ming Dynasty can be accepted at the salt field. Even if it cannot be accepted at the official salt field, the private salt field can also be accepted. These salt turfs become substantial currencies.

When there was no large amount of silver input in the Ming Dynasty, it assumed the function of currency.

Therefore, the third year of Zhengtong, six year of Zhengtong, nine year of Zhengtong, and fourteen years of Zhengtong, indeed the court owed the merchants salt, but the merchants didn't care much. Even if they couldn't accept it in your official salt field, I would

You can go to a private salt farm to accept it and exchange it for water supply merchants, and you can also make a profit.

Because the Ming Dynasty was strong enough, the population was growing, and the demand for salt and food was growing. Only when salt and food were used as the credible currency could it be so unimpeded in the Ming Dynasty.

It is precisely because the Ming Dynasty is strong enough that the Ming Dynasty's financial affairs can be in a sustainable state of collapse without collapse and have extremely powerful adaptive adjustment capabilities.

Zhu Qiyu sat upright and said, "We should not be secretly happy about the occurrence of this phenomenon. Although it seems that the court has made great profits, we must always keep in mind the lessons of the Ming Baochao."

"Inflicting excessive hair and excessive hair will inevitably lead to a complete collapse of salt classes."

Jin Lian agreed and said: "Your Majesty is right. In fact, the excessive salt induction last year caused a run in the official salt field and the private salt field, which was overcrowded."

"In September, a small salt turtle is only worth three dou and five hu of grain. Calculated according to the price of grain in Jiangnan, a small salt turtle is only worth one cent, seven cents, five milli and four cents."

"The official salt farm is crowded and people are ruthless. The private salt farm is closed and the salt has no way to make a living. The salt price and grain price soar."

Zhu Qiyu calculated it a little, which was about 0.1754 taels of silver.

Jin Lian changed his tone and said, "But with the battle of the capital, the victory was greatly relieved."

"The salt farms started to fry salt again, and the run-ups immediately decreased. The price of salt grain slowly dropped, and the salt induced slowly rose and returned to a price of one or two cents."

"What I mean by silver is not cash silver, but the reference price after the price of grain and salt is converted."

Chen Xun was stunned for a long time and said in confusion: "No, why is this? The price of salt and grain is expensive, and salt intake should be expensive. Why is it a low price?"

"Salt grain is expensive, but salt grain is cheaper, salt grain is cheaper, salt grain is cheaper, but salt grain is expensive? This..."

"Your Majesty, I am stupid."

Chen Xun is a Grand Secretary. Since he was ranked first in Yongle in the 13th year, he has been an official in Beijing. He is good at chanting scriptures, collecting ancient emperors' actions, and writing "The Essential Documents of Diligence and Administration" to advise the emperor to work diligently. Chen Xun has always been very good at this.

Positive effect.

However, it is normal for him to be an official in Beijing for a long time to be unable to understand the world and to be separated from the people.

Zhu Qiyu tried to explain this and said to Chen Xun: "The market uses salt to attract money more often. The Tumu Fort was defeated, the salt to attract the run, the private salt field was closed, and the official salt field was injected more and less salt, the salt price soared, and the price plummeted.

, because people don’t know if they can replace the salt.”

"When the capital wins, there will be no more runs. The salt turbulence continues to be used as a large amount of transactions, and no longer runs. Then the salt turbulence will be balanced in the official salt field, and the price turbulence will be restored."

"Sir Chen, can you understand what I am talking about?"

Chen Xun shook his head dumbly and said blankly: "One salt yin is equal to one stone of rice in Datong Mansion, and is equal to two hundred kilograms of salt in Jianghuai. The price of salt is expensive, and salt yin is also considered expensive."

In fact, not only Chen Xun, but also many people were scratching their heads among the Censorate, the Secretary of the Six Departments, the Minister of the Six Departments, and the Superintendents.

Yu Qian can understand, and Shi Pu, Jin Lian, and Wang Zhi can understand.

It is easy to understand that salt is a gold dollar bond from the Republic of China period. After defeat, inflation began, and gold dollar bonds depreciated immediately, which is the situation where salt caused a plunge in September of the 14th year of Zhengtong.

Zhu Qiyu took a piece of white paper, drew three circles, picked it up and said, "My dear Ming, please see, this is the value of salt yin. The value of salt yin is divided into two parts, part of which is the value of use and part of which is the value of exchange."

"The value of use and exchange value are the value of salt, that is, the value of currency."

"User value is salt and grain that can be accepted, while exchange value acts as a medium of exchange in trade."

"If the country and the people are defeated, the exchange value will plummet, which will far exceed the growth of the use value, so it will plummet."

"The country won the victory, people's hearts were stable, production recovered, and although the use value dropped slightly, the exchange value was restored, so the price attraction was restored."

Chen Xun then suddenly realized and said, "I understand."

He immediately realized when he looked at the picture, so that's it!

Salt indices not only represent salt, but also the same money issued by the Ming Dynasty that is similar to the Daming Baochao.

When the State Dynasty was defeated, it was naturally useless if the salt was drawn. When the State Dynasty won, the salt was drawn or the salt was drawn, and everyone was as usual.

Zhu Qiyu finally breathed a sigh of relief. What he said was not complicated, but actually the simplest and most basic function of the currency.

Chen Xun was very successful in politics, especially in the act of emperors, and in the field of documents, but in the economic field, he was just a blind eye.

Yu Qian looked at the emperor instead, his eyes flashed.

Logically speaking, when Your Majesty was the King of Psychology, he would not learn these things. How did Your Majesty so thoroughly and clearly understand the role of salt quotations in the market? This turmoil in September last year

What is the value of this currency?

At this time, Yu Qian became more convinced that there was a master behind His Majesty! That was ninety-nine feet high!

As for whether Your Majesty was the reincarnation of Emperor Zhenwu, Yu Qian did not believe it. He believed that he was the master behind Your Majesty, similar to Emperor Yao Guangxiao and Emperor Taizong Wen.

But Yu Qian thought about it, but he still couldn't figure out who the master was.

Jin Lian carefully wrote down the notes. His Majesty's part about exchange value and use value was enough to make him suddenly realize.

After thinking about it, Jin Lian still felt that silver is the most suitable currency for the Ming Dynasty. Why can silver be used as currency?

Because silver has no use value, but it has extremely high transaction value.

Gold is also OK, but there is too little gold, so silver is more reliable.

Zhu Qiyu sat on the stool and looked at Jin Lian's reaction, feeling that it was necessary to write a version of the Ming Dynasty "The Wealth of the Kingdom".

The financial affairs of the Ming Dynasty were simply a mess!

Wealth is power.

Without a healthy and stable financial system, how could the Ming Dynasty travel thousands of miles and whip the territory?

Compared with "The Wealth of Nations", Zhu Qiyu actually prefers "Das Kapital", but writing "Das Kapital" in the Ming Dynasty was too out of the ordinary...

Jin Lian has already sat down, and he is still thinking about where to make money. I heard that there are many in Japan. Can we use bulk commerce to obtain a large amount of stable currency?

The salt inclination is really unstable, and it is concerned about the daily life of the Ming Dynasty. This thing as currency is really a concern, and it will affect the whole body.

Gold and silver are stable, but the Ming Dynasty produces more than 100,000 taels of silver a year, which is simply a drop in the bucket.

According to Jin Lian's estimate of the accounting of the Ministry of Revenue, at least more than five million taels of silver inflows a year in the Ming Dynasty, in order to allow silver to act as a currency in full.

Zhu Qiyu continued: "I said before that the eunuch who settled the accounts and the head of the Ministry of Revenue Branch will set up a provincial plan, which will be temporarily placed under the name of Shijing Factory. It will calculate that Shijing Factory produces every year and occasionally serve me.

Calculate the account."

Emperor Jiajing was also known as the Minister of Revenue of the Ming Dynasty. He had completely controlled his money bags and was unable to attend court for twenty years and did not take matters, but he could still make arbitrary decisions on the court.

Zhu Qiyu didn't plan to do Jin Lian's work. Jin Lian did a good job, but the economic account of the Ming Dynasty could not be so confused.

"If you have any objections, you can raise them now, or write them into memorials to submit them to Wenyuan Pavilion. As long as it makes sense in the four major directions, such as phenomena, problems, reasons, and plans, I will read them carefully." Zhu Qiyu never refused to allow it.

The court officials participated in politics and made decisions, but Zhu Qiyu opposed the general and nonsense of empty talk and fallacy.

This is what the court officials do when participating in politics and making decisions!

The imperial examinations of the Ming Dynasty selected them from the vast crowd, wasn’t they just to let them participate in politics and make decisions?

But some people, in front of him, even lost their three-point human appearance, leaving only seven-point animal appearance, if it were the beast on the tonic on the chest.

"Your Majesty, I think the salt administration is very important, and I need to send another capable official to Liangzhe to inspect the salt. I will investigate the matter clearly and make a decision. There is no investigation. Instead, it is just empty talk." Wang Zhi was in Fengtian Palace.

He was dozing off, but he didn't have it today. He kept listening attentively and actively giving advice.

Taking the decision as a decision, translation means that there is no right to speak without investigation.

After multiple investigations, combined with the memorials of the prefectures and counties of the prefectures and counties, and the ministers of His Majesty, they went to the local area for inspection and then made a decision.

"Can anyone choose?" Zhu Qiyu nodded and asked.

As the Minister of Personnel, it was his duty to recommend talents. He bowed his head and said, "Li Xian, a scholar from the Hanlin Academy, is quite talented. I think he can go to Liangzhe, Lianghuai, Fujian, Guangzhou and other places to inspect.

The sun is coming.”

"Did Li Xian escape by chance in the transformation of Tumu Fort?" Zhu Qiyu remembered this person. Yu Qian had previously defeated the Oirat Pioneer Army outside the Zhangyi Gate and captured many people, including Li Xian who escaped by chance.
To be continued...