Zhu Yuanzhang frowned slightly and ordered softly: "Keep the faint money from the Chamber of Commerce for now and talk about it later!"
Although Li Wei's actions are reasonable and legal, the current market situation of treasure banknotes is so bad that the phenomenon of banknote dumping must be curbed.
When it comes to national affairs, Zhu Yuanzhang is not picky at all. Even if 70% of the money belongs to him, he will not hesitate to stop it.
"I obey the decree."
When Li Wei heard this, he immediately nodded in agreement. Now his goal has been achieved. As long as this can be achieved, he will no longer suppress treasure money in the future, but will instead focus on raising lives and maintaining stability.
Fortunately, he has a lot of goods in his hand. As long as he gives priority to collecting treasure banknotes when selling these goods, he can absorb a large amount of old banknotes into his hands.
As for the fact that these old banknotes cannot be exchanged for the time being, it doesn't matter. When he prints out the new banknotes and the bank opens, there is no need to worry about the new and old banknotes. Wealth only requires a number on the bank's books.
Seeing that Li Wei readily agreed, Zhu Yuanzhang nodded slightly. Thinking of the three suggestions he mentioned, he knew that these must be some rules for future generations. He wanted to listen to them in private first, so he specifically warned: "Next court Don’t leave in a hurry, please explain these points to us in detail.”
You can't do it without warning. This kid runs so fast when he gets off the court that Xu Shou, with his old arms and legs, may not be able to catch up.
"Uh, I obey."
Li Wei agreed softly, yes, we all have to work overtime today.
"Okay, step back."
Zhu Yuanzhang asked Li Wei to step back with a pleasant look, then looked at Xu Hui, suddenly changed his face and scolded: "Humph, waste! What use do we need from your household department!"
"I know the crime!"
Xu Hui lowered his head and cursed Li Wei in his heart.
"You should also step back and think about it carefully when you go back!"
"Yes, yes, I obey the order."
Xu Hui humbly bowed and retreated, returning to the courtroom.
There were many other matters waiting to be dealt with later. Zhu Yuanzhang put this matter aside for the time being and prepared to ask Li Wei clearly before making a decision.
An hour later, the morning court finally came to an end with Xu Shou's sharp shout. All officials who had nothing to do could go back to their own yamen. Those who had something to do had to wait for the morning court.
As for Li Wei, although he did not have to go to court in the morning, he was called by Zhu Yuanzhang to the Jinshen Hall at the back for questioning.
"See Your Majesty."
After Li Wei arrived, he first saluted and greeted Zhu Yuanzhang.
Zhu Yuanzhang had just sat down, looked up at him, and said calmly: "Okay, excuse me, don't stand still, Xu Shou, please give me a seat."
After hearing the order, Xu Shou quickly brought a round stool to Li Wei.
"Thank you, Your Majesty."
Li Wei stopped being polite, sat down, gently rubbed his sore legs, and moved a few times before he felt better.
Standing for four or five hours from entering the palace to going to court was a very painful thing for a "pampered" modern man like him.
Zhu Yuanzhang glanced at him lightly and said softly: "You are still so weak. Even after Mu Ying leaves, you have to keep exercising and don't just be lazy all day long!"
Li Wei forced out a smile: "Yes, thank you for your concern, Your Majesty."
Zhu Yuanzhang nodded, and then asked straight to the point: "Have you already thought of a solution for the treasure banknotes?"
Li Wei hesitated for a moment, but did not hide anything, and said directly: "Yes, I have indeed noticed it a long time ago and thought of some countermeasures in private."
"Well, let's talk about it."
Zhu Yuanzhang nodded slightly, quite satisfied with Li Wei's answer without concealing anything.
Li Wei sorted out his thoughts and said: "Your Majesty, there are only two reasons why the banknotes were dumped this time. One is that the banknotes are easy to damage, and the other is that the bank banknotes are not permanent. You must know that the banknotes are not Just like copper coins, it doesn't matter if they are minted and can be used for hundreds of years. Banknotes are paper after all, and they will inevitably be damaged during frequent transactions. However, people have bad banknotes in their hands and have nowhere to replace them. Of course they don't like to use them. ”
"Just like this time, the bank's banknotes were not opened until five years after they were issued. I am afraid that many of the previously issued treasure banknotes have been ruined in the hands of the people. They have suffered losses, and now all the old banknotes are in their hands. Yes, they must be hoping to exchange them for new banknotes in time."
"However, this time the Ministry of Revenue was not prepared enough, resulting in not enough new banknotes for the people to exchange. Naturally, the people would be worried and would rather spend it at a discount than wait for the precious banknotes to rot in their hands."
Zhu Yuanzhang frowned when he heard this, and said solemnly: "According to your opinion, we should cancel banknotes and continue to use copper coins?"
"No, no, banknotes have the advantages of banknotes. They are easy to carry and the issuance cost is much lower. They still have many advantages over copper coins..."
Li Wei quickly waved his hand and listed the benefits of banknotes.
China has always been a copper-poor country, and the minting of copper coins will definitely not keep up with economic development. In its prosperous times, there will often be insufficient currency and deflation, and copper coins are not conducive to circulation. Later, with the development of the commodity economy, paper money came into being during the Song Dynasty, and China became the first country in the world to use paper money.
However, unlike metals such as gold, silver, and copper, paper deteriorates much faster. These dynasties have been using paper money for hundreds of years, but they still have not developed a perfect banknote method. They have always regarded the issuance of paper money as a means to gain wealth. As a result, paper money has never been able to completely replace the status of metal currency. In the end, it allowed the West to catch up.
After listening to Li Wei's description, Zhu Yuanzhang was in a dilemma for a moment, and sighed: "So the banknotes still have to be used, but if it is used by Guangkai Bank as you said, it will increase the burden on the court. ."
"Your Majesty, there is actually no need to open a bank. This matter can be solved in a commercial way, that is, by opening a bank."
Li Wei was secretly happy and revealed his true purpose.
Zhu Yuanzhang's eyes narrowed: "Bank?"
"Yes, it is a commercial store that integrates exchange, deposits, lending, and even the issuance of bonds. When the time comes, the people who have lost money will only need to exchange it for new banknotes at the nearest bank, and the court will only need to print new banknotes regularly. Banknotes, just replace the faint banknotes recovered by these banks, take them back and destroy them."
Li Wei uttered several new terms in one sentence, which made Zhu Yuanzhang confused for a while.
"Is this something from your future generations?"
"Uh, yes."
The plagiarism was exposed on the spot, and Li Wei couldn't help but blush.
Zhu Yuanzhang didn't care, and continued: "Then tell us in detail, what does this bank summary, bonds, etc. mean?"
"Okay, he is like this..."
Li Wei explained in detail the operating model of later banks. In fact, it is not difficult to understand. Let’s talk about exchange. Nowadays, currency exchange is mainly done by the government. People can use gold, silver, and copper coins to exchange for treasures. The banknotes, of course, are not allowed to be exchanged back.
When the banknotes were first issued, the imperial court banned gold, silver and copper coins for a period of time, but soon found that this was not possible and had to let them go again.
After Zhu Yuanzhang heard how the bank was run, especially when he heard that it could still make money, he was immediately moved.
But Li Wei also said some other things, such as absorbing deposits, adjusting the amount of currency by adjusting interest rates, etc., which made him feel dizzy and couldn't understand it for a while.
However, this is not over yet. After Li Wei finished talking about the bank, he brought up the most important thing: "Your Majesty, this treasure cannot be issued indiscriminately. You have to make adjustments based on the Ming Dynasty's products and market usage, and release and receive. OK."
Zhu Yuanzhang frowned and was silent for a moment. Suddenly his heart moved and he raised his head and said: "Xu Shou, go and call the prince."
He couldn't understand it, but his great son read a lot, so he would definitely be able to understand it.
"Yes, slave, go right away."
Xu Shou, who was waiting at the side, responded quickly and left in a hurry.
The Prince's Wenhua Palace was not far away, and he arrived here after a while.
"See Father."
Zhu Biao saluted.
"Sit down, Li Wei, tell Biao'er what you just said again!"
Zhu Yuanzhang stretched out his hand and asked Zhu Biao to sit next to him, and then ordered Li Wei to repeat what he just said.
Li Wei pursed his lips. Thinking of the importance of the bank, he had to endure the dryness of his mouth and repeated what he had just said, and in more detail than before.
Zhu Yuanzhang and Zhu Biao, father and son, both frowned and thought hard, looking exactly the same.
After a while, Zhu Yuanzhang cast a sideways glance at Hao Daer asking: Do you understand?
Zhu Biao understood and responded with the same look: It seems he understands, but he doesn't seem to understand.
Zhu Yuanzhang was immediately unhappy: Listen carefully again!
Zhu Biao: OK.
After pondering for a moment, Zhu Biao asked: "Why can't this treasure note be issued indiscriminately, and how can it be collected and stored?"
Li Wei was silent for a moment. This matter was not easy to understand. He had to give an example.
"Let me give you an example!"
When Zhu Yuanzhang and his son heard that he was going to give an example, they suddenly became interested. The story about the carriage and the child that Li Wei gave last time was quite interesting, and it was easy for people to understand the essence of the matter.
"Suppose there are a hundred pigs raised in a village..." Li Wei opened his mouth to attack.
The father and son, who had been looking forward to it, looked startled. Zhu Yuanzhang frowned and interrupted directly:
"Change your hypothesis!"
He thinks this kid did it on purpose!
"Okay." Li Wei agreed happily, and then replaced the pigs with grain.
"Suppose a village can produce 10,000 shi of grain a year. At this time, the village chief takes out 10,000 guan of treasure notes and stipulates that one guan note can buy one shi of grain and other things at the same time. The price of grain is used as a reference. Since he is Village Chief, everyone must listen, but now there is a question, how will the Village Chief spend these treasures?"
Li Wei turned his attention to the village chief Zhu Yuanzhang.
Zhu Yuanzhang immediately understood what Li Wei meant and replied without hesitation: "Of course, go directly to buy food!"
"Then you bought all the villagers' food. What do the villagers eat?" Li Wei asked.
Zhu Yuanzhang's expression froze, he thought for a moment and said, "Then spend a thousand guans first!"
At this time, he has realized that the money printed out of thin air is equivalent to a kind of tax, and he is quite kind to the people. The current land tax tax rate in the Ming Dynasty is generally only about 5% to 10%, and it is charged according to the number of people. .
I’ll post one chapter first, and I’ll code the rest after dinner. On the last day of the month, please give me a monthly pass, okay?
(End of chapter)
