Open the seal and Jiaozi?

When Jiang Fu was stunned when he heard Zhao Buxi say this.

Indeed, opening a seal is indeed a solution to the problem. As long as you open a seal, you can get a large number of seals. Jiaozi is just a piece of paper. The court will not lack paper for printing money.

After the Imperial, you can get a large amount of Jiaozi representing coins, and send them out to alleviate the crisis.

However, this is temporary, and it can even be said to be a poison to quench thirst.

The problem is not Jiaozi itself, but Jiaozi corresponds to the same amount of iron coins.

If the economy wants to run smoothly, it is not a big problem to issue as much iron money as you have, or it is a little over-issued. Appropriate inflation will not lead to a collapse of the economic situation, and will also give people a feeling of economic prosperity.

However, if the court itself has financial difficulties and does not have so many iron coins, but has to print more Jiaozi, so that these Jiaozi cannot exchange for Jiaozi's iron coins with such a large face value, then the problem will arise.

Jiaozi, who cannot exchange iron coins, is just a piece of waste paper. It is meaningless to have a piece of waste paper. Excessively sending Jiaozi will only cause Jiaozi to collapse, the reputation of the court collapses, and the people refuse to accept Jiaozi and only agree with real iron coins.

Then Jiaozi will be useless.

In the past history, due to the chaotic operation of the imperial court, the banknotes of Jiaozi, including Huizi, have depreciated and collapsed many times, so that the people's views on banknotes have never been very good. They think that holding banknotes is unstable in their hands, and only real currency is the most stable.

But if it's only a few...

Maybe it can.

So Jiang Fu was stunned for a moment and felt that he knew Zhao Buxi’s thoughts, so he nodded.

"If it's only tens of thousands of stagnants of money, there is no way. The court can maintain the situation by keeping a little bit, slowly controlling these batches of Jiaozi, and not using them all in one breath. By that time..."

"How can tens of thousands of stagnants be enough? At least 500,000 stags are needed?"

Zhao Buxi interrupted Jiang Fu and immediately spoke, "How can you be short of the amount? What's the use of tens of thousands of guan? Without 500,000 guan, can the court have enough money to overcome the difficulties?"

"ah?"

Jiang Fu was stunned.

Five hundred thousand coins?

Did I hear it wrong or Zhao Buxi say it wrong?

Did he know that in the past, Sichuan and Sichuan minted iron coins only about 100,000 chunks of iron every year?

Five hundred thousand coins?

Jiang Fu spoke tentatively: "Your Majesty, in the past, the iron coins cast in Sichuan and Sichuan were only 100,000 guan every year, and Jiaozi was also printed and distributed in a supporting manner. Jiaozi had 500,000 guan? This... Did Your Majesty say 50,000 guan?"

"Five hundred thousand coins! I said it! Five hundred thousand coins! You heard it right!"

Zhao Buxi frowned and said, "Fifty thousand jins are only enough to deal with the army once. How many more times will it be? The court still has no money? In the current situation, the only reliance of the court is the army. What else can we do if the army is dissatisfied with this?

I feel that even 500,000 yuan of knots is not enough. I may have to print hundreds of thousands of knots in the future. Under the current state of serious corruption among officials, I don’t know if I can put down 100,000 yuan, and tens of thousands of knots can be put into practice."

Jiang Fu was shocked.

The Sichuan-Shu land where only about 100,000 guan of iron coins were cast every year, suddenly, about 500,000 guan of Jiaozi...

this……

Jiaozi wants to be ruined, right?

No one is a fool. At the beginning, these Jiaozi may be useful, but the time is a little longer and the market will react. The market will be very sensitive to discover that Jiaozi is over-the-bill and the number of iron coins has not increased. In this way, Jiaozi's value will decline.

Wait for a while, Jiaozi will collapse. People who have never trusted Jiaozi will immediately exchange Jiaozi for iron coins and directly abandon Jiaozi. This panic action will further break through Jiaozi's value.

Jiaozi has become waste paper. Everyone in the market is collecting coins, and everyone is in danger and does not accept any trading methods other than coins.

By then, the entire Sichuan and Sichuan economy will have a crisis and will directly enter a state of deflation.

On one hand, there is a military crisis and on the other hand, the economic crisis is just a matter of time. As an official who is engaged in economic work, Jiang Fu did not think that Zhao Buxi had no foreseeable expectations.

"Your Majesty, it is not impossible to reward soldiers with seals and Jiaozi. It's fine if 50,000 guan, but if 500,000 guan, the consequences of doing so... Your Majesty must be very clear that this is a means of only this time, and once used, if it is backfired, the court will be very passive and will have no power to fight back in the future."

Zhao Buxi had a gloomy face, pondered for a while, and nodded slowly.

"Of course I know, so I plan to use this last chance to take a gamble and have a big one. As long as we win the bet, we will be another village."

“Big?”

Jiang Fu was stunned and said, "Does Your Majesty mean..."

After a moment of confusion, Jiang Fu suddenly opened his mouth wide and took a breath of air conditioning.

Jiang Fu understood what Zhao Buxi was trying to do.

As a paper currency, Jiaozi was first private pass notes issued by thirteen wealthy merchants in Sichuan and Sichuan during the Northern Song Dynasty. They were born just for the commercial trade in their system. However, later Jiaozi's advantages were too obvious and more and more people were willing to accept them.

When the Northern Song government saw that the banknotes were very interesting, it legislated that Jiaozi would be included in the official issuance, and Jiaozi completed the transformation from a private friend to an official Jiaozi.

However, although Jiaozi's issuance rights have been collected by the official, the exchange business is not completely owned by the official. Although both Song dynasties have set up some official institutions to operate savings and banknote exchange business, the institutions set up by the government alone are obviously not enough to meet the needs of the people.

Therefore, some people with great reputation and reputation in the local area will also open private financial institutions such as deregistration and redeem shops.

The warehouse and the toilet shop are of some private banking nature, and can be regarded as early banks. They are also engaged in financial businesses such as absorbing savings and lending to meet the needs of the people.

Jiang Fu himself is one of the beneficiaries of these private saving institutions.

Jiang Fu lost his father early, and his family was supported by his mother. His mother was hard and tired and could not make enough money. Seeing that he had no money to support him in school, Jiang Fu was about to give up studying and went out to make a living.

At that time, his mother asked the clan for help. A distant uncle from Jiang Fu who had a lot of family business management appreciated Jiang Fu's talents, so he saved a sum of money in a warehouse in Jiang Fu's hometown as the expense of funding Jiang Fu's study.

Later, Jiang Fu's mother took a sum of money from the warehouse every month as Jiang Fu's study expenses. Jiang Fu's family's life became much more abundant, and his mother didn't have to work so hard.

With this funding, Jiang Fu passed the exam and became an official, and then gave generous rewards to the distant uncle who supported him in his studies.

Therefore, these private financial institutions are of some significance. They can also use interest to attract many depositors to save and do a lot of things.

In Jiang Fu's view, Zhao Buxi's idea is very simple, which is to pass on financial risks to the private sector to resolve the treasury and exchange them for shops. The court can obtain a large number of coins in this way and replenish the treasury.

The power of Yinjiaozi is in the hands of the court. The court only needs to open Yinjiaozi and throw Jiaozi out, taking advantage of the prosperity of private exchange business and the cumbersome official exchange business, and using this as an advantage, it will greatly squeeze Jiaozi's exchange currency business to the people, hollow out the savings of private coins, and transfer risks to the court.

Good operation, the court can solve the problem of using money in one go.

But for the people...

That would be a catastrophe.
Chapter completed!