Chapter 306 Currency Circulation
I know that it is not easy to compile the Accounting Record, but when Xu Ping wrote the Accounting Record to the court, its complexity was far beyond the imagination of the court officials. The article was extensive and classified, and it included almost all aspects of social economy and population, and it also had detailed data. It included both a summary of the past and a prospect for the future.
Such an "Account Record", coupled with the memorial of the Three Divisions on the implementation of the fiscal budget by Xu Ping at the end of the year, filled the government affairs at the end of the year. Such a complex content has exceeded the content that the normal court meeting can discuss, so we had to let court officials qualified to discuss participate in the form of memorials, and senior officials gathered to agree on it.
The emperor personally participated in the formal gathering and had not seen it for a long time. This time, Zhao Zhen cheered up and took one or two hours a day to preside over the presidency in Chongzheng Hall. The chief and deputy envoy of the three departments participated in the whole process, and the special yamen such as the Audit Department and the Bridge Road Department arrived in accordance with the imperial edict. Of course, the Privy Council and the Censorate participated. As for other officials, they were ordered.
After a few days of warm-up, it was finally time to discuss in depth today. Xu Ping cheered up and brought three deputy envoys and Zheng Jian to the officers with thick materials and arrived at Chongzheng Hall early.
Shi Quanbin is on duty here today. Because it had been decided that officials from the Third Division could enter the hall in advance. As soon as they saw Xu Ping bringing people, he brought people in. He took the little yellow gate to help arrange various display boards and organize and distribute materials. After a while, Shi Quanbin couldn't help but smile: "Ching, this busyness reminds me of the time when I went to Nanhai City Pearl in Yongzhou. You talked about sugar affairs to me in Yongzhou. At that time, I was wondering, how could an official spend so much effort to distinguish everything clearly, and he would just watch it when he was watching you. Unexpectedly, ten years later, the Chancellor did his best and still did it like this. The officials in the court had this perseverance, but I was afraid that only one of the Chancellors would be the only one who had the courage to do it."
Xu Ping smiled and said, "Why do you say that? Look at the subordinates of the three departments now, who are not doing this? It was not that no one was willing to do this before, but there were no such rules. As long as the rules were set, everyone would naturally do it."
Looking at Zhao He, Wang Weizheng and Zhang Cun, who were nervously directing the officials to arrange the matter, Shi Quanbin had to believe what Xu Ping said. It was fine if Wang Weizheng and Zhang Cun, Zhao He was an old and important official, and his official position was equivalent to Xu Ping, but his position was lower than Xu Ping, and he was not careless when doing things. For them, it was very proud to have the opportunity to participate in the compilation of "Accounting Records" and it was enough to keep it in history.
Just after the arrangement was made, Xu Ping and others had no time to take a sip of tea, Zhao Zhen entered the hall with a group of ministers.
The ministers performed the manners of manners. Zhao Zhen gave the throne to the prime minister and the ministers, served tea, and the gathering began.
Li Di first asked Xu Ping: "A few days ago, you submitted a memorial saying that this year's class income is enough to repay the debt borrowed from the Sansi Bank at the beginning of the year, and there is still a little left. It is said that the three departments spent much more money this year than in previous years, so it is not easy to offset the income. What's even more rare is that the grain departments recently submitted a seal saying that the local government has too much envy this year and asked to submit it to the court as appropriate. Why did you refuse?"
Xu Ping bowed and said, "Reported to my grandfather, the money spent by the three departments is actually from the bank. To be honest, when banks do things, they will actually make money from the local governments to the capital. If they want to envy the local governments, they will do this in a way that they can spend money. In addition, in previous years, local prefectures and counties have been struggling to spend money and owe a lot of debts. This year, they will be more relaxed in money, so they will spend it on the local governments. They should build roads and build bridges and bridges. And after having a bank, in principle, they will not allow local governments to accumulate money, and it is best to let them spend all of them next year. As long as the money is spent on the people, it is a good thing."
Chen Yaozuo couldn't help but frowned: "Natural disasters are unpredictable. If there is no accumulated money and food in the place, what should I do if I encounter a premature disaster? The court's allocation is too late for most of the time. It is necessary to know that human life is at stake, and there is no need tolerate any delay at that time!"
"When I go back to my husband, I have to save grain. There is no way to do this. I will not be able to keep the food in my hands. What they are not allowed to accumulate is money. Now they are banknotes. Only spending it is real money. It is useless for the government to save it in their hands. If there is a natural disaster in the flood and drought, the bank can pay it. In an emergency, you can temporarily borrow money from the local bank and then waive interest."
The court was in charge of printing money. For paper money, the more it costs after printing, the better. Not only can it not be stored in the hands, but the more times it takes in the economic system, the better. The total transaction amount increases, which means that the economy becomes more active, and the taxes received by the Sansi are also rising. This is real money. However, for officials outside the Sansi, it is still difficult to accept this concept, and it takes time for them to adapt slowly. Moreover, in the minds of many officials, they always feel that the money printed with paper is not stable, and once the people do not recognize it, it becomes waste paper, so policies have always tended to be conservative. However, they do not know that if there is such a large group of people in the country, confidence analysis should never be used. How to think of this method of guessing people's thoughts, whether it is the establishment or collapse of confidence, it requires objective facts and policies as basis. This is the scientific concept lacking by current officials.
Money supervision and printing money, banks and governments let this money enter the economic circulation field. Official commercial institutions with Sansipu as the backbone use the made goods to recycle money, completing a rough economic cycle. What will affect the credit of money is Sansipu's ability to use goods to recycle banknotes. As long as Sansipu's business is healthy, banknotes will not depreciate. On the other hand, once the Sansipu cannot buy Sansipu's cheap goods with good quality, even if the government makes a lot of money, the credit of the banknotes cannot be guaranteed.
There was no Sansi shop at the beginning. The government’s method of ensuring the credit of paper money was to use taxation and other means to recover it. However, Xu Ping’s policy in Sansi was to try to spend money outside, collecting money from urban industry and commerce. For rural taxes, the tax was to collect physical goods as much as possible, and even allocate special funds to purchase physical goods such as paper money with paper money. The means of tax collection and recovery of money was greatly reduced.
The rural commodity economy is underdeveloped. In this case, once taxes are monetized, it will greatly increase the burden on farmers, especially the burden on farmers at the bottom and cause social instability. Xu Ping tried his best to avoid social unrest due to the new policy.
This is the advantage of the first-movered person. If a country dominated by mature commodity economy has appeared in the world now, and the international market has a framework, the late-mover will not be so calm. In order to develop industry and gain a relative advantage of existing commodities in the international market, it has to absorb profits from agriculture to subsidize the industry. There are no competitors in the world now, and there is no need to take extreme measures. It is feasible to loosen agriculture while developing industry and commerce. Moreover, as a first-mover, it is started with the light industry that is the easiest to make money. The development of heavy industry uses the accumulation of light industry.
An important goal in compiling the Accounting Record is to express these economic laws. Everyone is smart. As long as you let go of your inherent impression, you will naturally be able to recognize the essence of these economic activities and summarize the laws.
Several prime ministers have actually discovered these clues in the "Account Record". Now they want to find the answers to their doubts through this collective discussion, and truly rise from perceptual knowledge to rational knowledge. So if others have any questions, Xu Ping will answer them patiently. Those who participated in this collective discussion will have a new understanding of the current economic operation and will actively become participants and promoters of the new policy in the future. This is what Xu Ping wants to do and must do.
Chapter completed!