When the prime ministers of the two governments sorted out Zhang Yue and Lu Huiqing, Zeng Bu had different opinions.
Zhang Yue opposed Zeng Bu's private casting and supported Lu Huiqing's official casting.
At the same time, he opposed Lu Huiqing's discount of 20% to 30% to 50 cents, and instead used Chu coins (paper money) as official money. Zhang Yue also cited an example, that is, the price of currency is determined by the private sector rather than by the government.
This is not about trying to get both sides, but that you are all good at it, and I am the only one who can see the difference.
Lu Huiqing was dissatisfied when he heard this, and he expressed his dissatisfaction: "Your Majesty, since the imperial court has been responsible for Jiaozi, Jiaozi has been divided into three years, and each circle has issued one million two hundred and fifty-six thousand three hundred and four." Ten guans, prepare a capital of 360,000 guans, and issue them according to the new and old methods."
"After the Qingli War, the number far exceeded 1.25 million. During the Xining period, Wang Shao also requested that the Yizhou Jiaozi Service be located in Xihe, so that the Qingtang Qiang and Dangxiang people could be lured to buy horses. But with little success.”
"The people of Xihe would rather use salt banknotes than cross-quote, let alone the people of Shaanxi. Nowadays, the value of a regular cross-citation among the people is only more than a hundred yuan. There is no other way except printing salt banknotes."
Guan Jiaozi is basically done.
After the civilian jiaozi was converted into an official jiaozi, it was relatively restrained at first, printing 1.25 million jiaozi every year, and waiting for three years to collect and reprint them all to prevent anyone from making fake ones.
But after that, the people continued to forge, and the imperial court issued them indiscriminately, and the credibility of the officials was ruined.
In the history of another time and space, Wang Shao felt that he could treat the Qingtang Qiang and Dangxiang people as fools, so he used Jiaozi to trade with them. In fact, they were not fooled.
And this time and space salt banknote replaced Guan Jiaozi.
Lu Huiqing said that it would definitely not work if government officials continued to issue salt banknotes indiscriminately, and the only solution was to print salt banknotes.
Zeng preached: "This won't work either. Nowadays, salt banknotes are based on Jieyan and Zhangyan. Once they are distributed indiscriminately, where will they be used as the basis?"
What Zeng Bu meant was that the annual output of Xie Yan (Shaanxi Road) and Zhang Salt (Xihe Road) had quotas. Once the quotas were exceeded and banknotes were issued indiscriminately, the salt system would also be corrupted.
Zhang Yue said: "Lv Gong, Zeng Gong, please listen to me. Jiaozi is worth money, and salt banknotes are worth salt. That's why people trust..."
The official interrupted at this time and said: "Yes, I think this Jiaoyin and Yanyin all need a copy at the beginning, and then I can take it with me after receiving the letter.
As long as the cashier makes the people believe in it, the foundation will not be lost. "
The reason why the official Jiaozi and Yanqiao are trusted by the common people is because of the reserve system. The reserve of Jiaozi is 360,000 guan of iron money, and the Yanqiao is Jieyan and Zhangyan.
But as long as the people trust the court, the reserve fund is actually not too important.
Lu Huiqing and Zeng Bu met the official family. This was a clear support for Zhang Yue. They were openly supporting Zhang Yue.
Zhang Yue reciprocated the favor and said: "Your Majesty is right, as long as you have money, you will dare to know how to make money. If you don't have money, no one will know how to make money."
"It's good that if a person has money, everyone is willing to lend you money. If a person has no money, no one will dare to lend you money. I saw it in Jiaoyin's shop in Beijing. That’s what it means to have a mountain of gold and a mountain of money.”
"I have three strategies to offer to Your Majesty, which can solve the problem of money shortage among the people and regain the trust of the imperial court!"
Three strategies?
The prime ministers of both houses looked at Zhang Yue, and his tone was quite serious. But it seems that we still need to save Jiaoyin.
The official was overjoyed and said to Zhang Yue with confidence: "Qing Zhang, please tell me!"
Zhang Yue said: "My first strategy is to rebuild the currency letter. Nowadays, the consistent quotation is not worth two hundred words. The reason is that the currency letter has been shaken. In recent years, Jiaoziwu has been indiscriminately issuing quotations, which has caused it to last for several days. As the price increases, the price will also decrease day by day. The more money there is, the cheaper it will be. Finally, it will be depreciated (depreciated). If you want to re-raise (stabilize the price), you should focus on rebuilding the trust of the currency."
Officials couldn't help but think that Jiaozi had almost no credibility among the people. Is there any way to rebuild the currency's trust?
Zhang Yue thought to himself that he often heard people comment that paper money could not appear in feudal society. In fact, this is wrong, and the answer is completely fine.
Why?
Because although Jiaozi in the Northern Song Dynasty failed, Huizi in the Southern Song Dynasty succeeded.
Huizi was implemented from Emperor Gaozong of the Song Dynasty until Jia Sidao became prime minister.
The money shortage in the Southern Song Dynasty was more serious than that in the Northern Song Dynasty. The amount of coins minted by the Southern Song Dynasty court was only one-twentieth of the Northern Song Dynasty. However, the economy of the Southern Song Dynasty was more developed than that of the Northern Song Dynasty, so it was Huizi who saved the economy of the Northern Song Dynasty and completely eliminated money. shortage.
What is the circulation volume of Huizi?
Taking Duanping into Luo as an example, the total number of huizi issued in the fifth year of Shaoding was 133.55 million guan. In the first year of Duanping, the Southern Song Dynasty launched a war to recapture the three capitals. The number of huizi printed in the year had reached 420 million yuan. Of course, this indiscriminate issuance caused severe inflation.
It can only be measured by the circulation of 130 million salt notes in the five years of Shaoding. It is completely different from the two million salt notes and more than one million salt notes a year in the Xining period.
Therefore, before the first year of Duanping, Huizi was very successful.
Some people say that paper currency was a precocious system for the Song Dynasty, but in fact it was not precocious at all. The most important thing is that the issuer can control it. If he cannot control it, even the beautiful sword will collapse.
Money shortage (deflation) is more terrifying than inflation. When business development does not match currency, it will seriously restrict the economy.
The money shortage lasted from the middle of the Tang Dynasty to the end of the Northern Song Dynasty, and was not solved until the emergence of Huizi. By the end of the Southern Song Dynasty, the problem was caused by the excessive inflation caused by Huizi.
Zhang Yue said: "In order to rebuild the trust of coins, I suggest that the method of withdrawing money should be implemented. First, allow the people to withdraw money from the currency with taxes, so as to ease the congestion. Secondly, mint coins should be minted. The imperial court should purchase and withdraw money from the people with real gold and silver. The third step is to withdraw money from the currency. After the introduction, coins will be minted as needed to avoid the practice of small buckets coming in and big buckets coming out."
A very important point for the success of Huizi is that Huizi is not only used as a discount for officials' salaries, but also can be used by ordinary people up to 60% when paying taxes.
But cross-citation means that the official can only give it to the people. When the people return it to the official, they will not recognize it.
When the prime ministers heard about Zhang Yue's return, he adopted a three-pronged approach.
As the saying goes, experts can tell whether this method is feasible or not as soon as they take action. Can't the political veterans here hear it? Even Lu Huiqing didn't object in court, but her chest kept rising and falling for some reason.
After hearing this, the officials almost cheered and rebuilt the currency letter. It was so right, a letter is worth thousands of gold.
"The second policy is to impose severe punishments. Anyone who dares to forge a citation must be severely punished. The imperial court should make it clear to the world that those who dare to falsify a citation will be sent into the army and exiled, and in the most severe case, executed. From the officials to the common people, anyone who dares to touch Those who commit this crime will never be tolerated and punished without mercy."
What Chu coins are most afraid of is counterfeiting. There are many counterfeiters of official coins, and most of them are rich and powerful, because the private sector does not have such superb counterfeiting technology. Therefore, even though there is a system of recycling and citing once every three years and destroying and rebuilding everything, it still cannot be eliminated.
"Because of the strict production methods and strict management methods of Jiaozi, I think that we can set up Jiaoziwu in Huizhou, and use the Pu trees here as wood to make paper that is better than Sichuan paper..."
In the temple, Zhang Yue talked about these three strategies. From Yao Chong and Song Jing in the Tang Dynasty to Lu Huiqing and Cai Jing, this was an endless detour with many prime ministers. However, as the three strategies were promoted, , seems to have opened a new path
