Chapter 340: Bad money drives out good money

Style: Historical Author: Winter plum blossoms startle the snowWords: 3166Update Time: 24/02/20 16:17:24
There are only stars and no waning moon.

Zhu Yunwen walked in the harem, followed by several chamberlains and attendants.

The urgent report from Han Guan, the capital of Guangxi, was delivered to the capital. He was full of praise for the battle between Yongpingzhai and Hushanling commanded by Zhang Fu, and praised Zhang Fu as a general.

These were within Zhu Yunwen's expectations, but when he saw Zhang Fu crossing the mountains and making a surprise attack on Zhennanguan, Zhu Yunwen fell into uneasiness and hurriedly convened the Ministry of War and the cabinet to discuss matters, but there was no result.

Xie Jin believed that Zhang Fu's move was too risky. If he failed, the Nanning Guard would be almost completely destroyed. Ru Yu also believed that Zhang Fu was too greedy and did not know the heights of the world and insisted on his own way.

It’s not that they don’t understand the strategic value of controlling Zhennanguan, but they think this move is not feasible!

This is exactly what Zhu Yunwen is worried about.

Roads are extremely important in mountainous areas.

Once some roads are blocked by boulders or collapse, it is very likely that no one will be able to get around them.

Not to mention crossing the mountains?

Not to mention this time, those traveling friends from later generations went into the mountains with all kinds of equipment, and some of them were never heard from again, and their lives and deaths are unknown.

Most of the mountains and old forests in this era are primitive mountains and primitive forests. If you get lost or go in the wrong direction, if the logistics cannot keep up, if there is a landslide...

Zhu Yunwen felt very heavy. Looking back on the entire history, there were not many successful cases of daring to cross the mountains and appear behind the enemy to fight, and every time he succeeded, he paid a heavy price.

For example, it is recorded in the Chronicle of the Three Kingdoms:

In the tenth month of winter, Ai traveled more than 700 miles from Yinping Road to uninhabited land, carving mountain passages and building bridges and pavilions. The mountains are high and the valleys are deep, making it extremely difficult and dangerous. Moreover, food transportation is in short supply, so dangers are common. Ai wrapped himself in felt and pushed down. The soldiers all climbed up the wooden edge of the cliff and filed in one after another.

Deng Ai relied on this adventure to destroy Shu.

However, many people cannot understand the hardship and tragedy of this process through the words "extremely difficult and dangerous" and "frequently in danger".

Zhu Yunwen sat in Wuying Palace, staring at the map of Guangxi without moving.

If you want to cross the mountains and reach Zhennanguan, you need the steely will of the Red Army and the will to transcend life and death!

Zhu Yunwen didn't know how strong Zhang Fu's dominance was, and he didn't know if Nanning Guard was a steel master, so he could only wait here anxiously.

According to the time when the military report was sent, Zhang Fu should have arrived at Zhennanguan, and Han Guan should also have arrived in Naliu to fight against Hu Du's army...

The distance of space means the length of time.

At dawn, Zhu Yunwen arranged his court clothes and prepared to go to court.

Shuangxi looked at Zhu Yunwen worriedly. Before he could utter his words of persuasion, he was interrupted by Zhu Yunwen: "Pass it to Liang Chengtong."

Liang Chengtong entered the hall and saluted.

Zhu Yunwen asked: "What's the response from the Heroes Chamber of Commerce?"

Liang Chengtong replied respectfully: "Your Majesty, 30% of the merchants in the capital and 60% of the wealthy merchants associated with the Heroes Chamber of Commerce have unanimously expressed their willingness to contribute to the circulation of the new Ming Dynasty banknotes. Even Shanxi merchants have joined the Chamber of Commerce and are also willing to contribute to the promotion of the new banknotes. "

When Zhu Yunwen heard this, he nodded and said: "In that case, go down and wait for the news. After the court meeting is passed, the new version of the Ming Dynasty's treasure banknotes will be circulated throughout the world."

After all, copper coins are not suitable for big business or large transactions.

To buy something worth a hundred taels, you still have to use a cart to pull a pile of copper coins. Not to mention the tiring of people and horses, how much time does it take just to count them?

Paper money is a necessity and an important factor in unlocking commercial potential.

At the court meeting, Xia Yuanji of the Ministry of Revenue took out the new version of the Ming Dynasty treasure banknotes and said: "The old banknotes have many problems, and their value is no longer as good as their characters. In the final analysis, they are indiscriminate and unfounded. Now we have changed the new version, and Recycling old banknotes according to their private value aims to solve the problems of banknotes. Now that the recycling department has been well prepared, it should be widely promoted to the people."

Zhu Yunwen signaled his chamberlain to issue a new version of Ming Dynasty treasure banknotes to hundreds of officials, saying: "I believe that money is the foundation of the country. If it is issued indiscriminately, there will be a problem of devaluation of treasure banknotes. Therefore, in the future, new versions of Ming Dynasty treasure banknotes will be issued to the people. It must be based on silver and copper. How much silver and copper are issued will be how many banknotes are issued. Indiscriminate issuance will never be allowed. This will be a law and order, and it will be forever fixed in our court."

"According to the order."

Huang Zicheng, the Minister of Household Affairs, agreed.

"Do you still have any questions, Baiguan?"

Zhu Yunwen asked.

Jian Yi, the Minister of the Ministry of Personnel, came out and said: "Your Majesty, I would like to replace the old version with the new version of the Ming Dynasty Treasure Notes. I have no objection. However, there are two things that need to be clarified by the Emperor and the Ministry of Household Affairs."

"Oh, what's the matter?"

Zhu Yunwen valued Jian Yi very much. He was quite capable, but lacked the right to speak. Now that he was sitting at the head of the Six Ministries, it was time for him to shine.

"Eternal God Emperor"

Jian Yi grasped the problem and said bluntly: "Your Majesty, the shortcomings of the old Ming Dynasty banknotes are not only due to excessive use. In my opinion, the real reason why the old banknotes are not as valuable as the original banknotes is that the imperial court does not use the old banknotes."

Zhu Yunwen frowned slightly and said, "The imperial court does not use old banknotes. Where does this come from?"

The Ming Dynasty treasure banknotes were issued by the imperial court, and Zhu Yuanzhang even used them to pay salaries to hundreds of officials. How could he say that the old banknotes were not used?

Jian Yi looked at Hubu Huang Zicheng, Xia Yuanji and others.

Xia Yuanji came out and replied: "Your Majesty, when Jian Shangshu said that the imperial court does not use the old Ming Dynasty treasure banknotes, it should be referring to taxation. Although the prefectures and counties allow the circulation of Ming Dynasty treasure banknotes and recognize their value, when paying taxes, But they will not collect Ming Dynasty treasure notes, but will collect money in kind to offset taxes, or collect copper coins and silver taels."

After Zhu Yunwen heard about it, he understood what Jian Yi meant and said to him: "In this case, we cannot repeat the same mistake. In the future, local tax collectors will not be allowed to refuse the new version of treasure banknotes. In order to prevent local governments from violating the law, a certain proportion must be sent to the capital when ordered to do so. Is this feasible for Jian Aiqing to give her precious money?"

Jian Yi nodded and asked: "When a new version of the treasure banknote is issued, will the old version of the treasure banknote be abandoned, or should it be allowed to continue to exist?"

Zhu Yunwen marveled at Jian Yi's vision and wisdom. He saw the key to the problem.

In fact, the Ministry of Accounts has no unified opinion on whether the new version and the old version of banknotes should coexist.

If the old version of the Ming Dynasty treasure banknotes is discarded, the property in the hands of people and businessmen will shrink, and the Ming Dynasty treasure banknotes will even depreciate rapidly and become like waste paper. The central bank recycles old banknotes based on private currency exchange rates. They become waste paper outside, and they are still waste paper when they are brought to the central bank.

This means killing countless people and businessmen with one blow.

Therefore, the old version of Ming Dynasty banknotes cannot be discarded directly and needs to be allowed to exist.

The coexistence of old banknotes and new banknotes will cause many problems, such as an increase in faint banknotes and devaluation of value. People will not know which is better, the old banknotes, and they may even reject the new banknotes, which will hinder the circulation of new banknotes and thus hinder commerce. .

For example: an old farmer who sells silk insists on old banknotes or copper coins, but a businessman only brings new banknotes when he goes to the countryside. Should he continue the business?

What should businessmen do?

Go back to the city to bring a cart of copper coins, or exchange the new version of the treasure banknotes for the old version of the treasure banknotes?

The businessman explained to the old farmer that this was a new version of Ming Dynasty treasure banknotes, but the old farmer might not believe it.

After all, the new version has changed too much compared to the old version, and the paper has changed from large to small. Since both the new and old are in circulation, he wants larger paper for peace of mind...

In the final analysis, there can only be one version, and the coexistence of two obviously different versions of treasure banknotes is equally harmful.

Compared with these issues raised by the Ministry of Household Affairs, Zhu Yunwen is worried about another issue:

Bad money drives out good money.

This is an economics problem, which means that when two currencies with different actual values ​​but unchanged legal ratios are circulated in a country at the same time, bad currencies with low actual values ​​will flood the market, while good coins with high actual values ​​will flood the market. , but will be gradually expelled.

Give a simple example:

A person has ten-yuan banknotes and ten-yuan coins in his hand. The coins are scattered, heavy, and inconvenient to carry, so the coins are regarded as bad currency. When spending money to buy something, people tend to spend their coins first.

As a result, coins flow into the market, while paper money remains in hand. There are more coins and less paper money in the market, and this means that bad money drives out good money.

In the same way, if the new version of the Ming Dynasty treasure banknotes and the old version of the Ming Dynasty treasure banknotes are circulated at the same time, then because the new version of the Ming Dynasty treasure banknotes are "new" and well-made, people will put them away and save them, and then spend the old version of the Ming Dynasty treasure banknotes first. By that time, the old version of Ming Dynasty banknotes will still be prevalent among the people.

There are two bills in a wallet, one is wrinkled and one is brand new. The one that is spent first and enters the market first is most likely a wrinkled "bad currency".

This is a difficult question.

"From the current point of view, it is not appropriate to directly abolish the old version of the Ming Dynasty banknotes, and it is too harmful to the people. Therefore, let the new version coexist with the old version of the banknotes for the time being. However, after the new version of the Ming Dynasty banknotes is issued, all prefectures and counties must post advertisements to the people. , inform them of the value of the new version of the banknote, guide people and businesses to accept the new version of the banknote, and focus on the new version of the banknote, gradually phasing out the old version of the banknote."

Zhu Yunwen relied on the power of businessmen to break the curse of "bad money drives out good money" and let businessmen become the porters of good money, bringing good money wherever they do business.

Jian Yi saw that Zhu Yunwen and the Ministry of Revenue were well prepared and had a plan to deal with it, so he bowed and stepped aside.

Hundreds of officials supported the implementation of the new version of the Ming Dynasty banknotes. The Ministry of Revenue immediately drafted documents and ordered the new version of the banknotes to be escorted to Suzhou, Hangzhou, Kaifeng, and Peking to pilot the issuance of the new version of the banknotes in June. It spread to the whole country.

The issuance of the new version of Ming Dynasty banknotes provided more support for the development of business. The temporary prosperity of business not only brought countless tax revenues, but also brought extravagance and extravagance.

After handling the affairs of the court, Zhu Yunwen summoned Xie Jin, Ru Jin, Yang Rong and Xu Huizu to discuss the war in Guangxi. When they were arguing, Gu Sanshen suddenly asked to see him.

Zhu Yunwen thought it was an urgent report from Guangxi, so he quickly looked at it, couldn't help but was stunned, and frowned: "A secret message from Li Fangyuan, Lord Jing'an of North Korea?"

How did the letter from North Korea reach the Ming Dynasty?

Gu Sanshen quickly explained: "Your Majesty, Li Fangyuan sent a secret envoy to enter the Ming Dynasty, but the border gate refused to let him go because he did not have the king's edict. Li Fangyuan's people handed it over to the border gate and secretly passed this letter to the court."

Zhu Yunwen was a little surprised. Li Fang was far from the Supreme Emperor Li Chenggui of North Korea, nor was he the current king Li Bangguo. Instead, he secretly delivered the letter behind the king's back. What was his purpose?