"I understand what Mr. Su means. This Ming Dynasty treasure must be done, and we should do it as soon as possible, right?"
Zhu Ming said excitedly to Su Jing.
Su Jing talked about a series of benefits of banknotes, and everyone could tell that banknotes are good things.
Su Jing smiled and said nothing and did not answer.
"Master Su, banknotes can't have only advantages and no disadvantages."
Zhu Jing said to Su Jing that he had been conducting experiments on pea breeding recently and deeply felt the difficulties in the experimental process.
There is no way to solve all problems.
"Indeed, opposition and unity are the basic attributes of things. No matter how good the paper currency is, there must be disadvantages. This is something that cannot be changed."
Zhu Biao nodded in agreement.
In terms of dialectical materialism, Zhu Biao has felt a lot these days.
Many things can be clearly discovered and solved through the perspective of the unity of opposites.
"Yes, King Wu and the Prince are right. Nothing is perfect in this world. No matter how good a thing is, it must have its bad side. Now I want you to think about the shortcomings of paper money."
Su Jing smiled and said to everyone.
"Bowen, tell me, what are the flaws in these banknotes?"
As soon as Su Jing finished speaking, Zhu Yuanzhang immediately asked Liu Bowen beside him.
Preparatory work for the printing of Ming Dynasty treasure banknotes is now in full swing. If there is a problem, it is now found that it is the best and there is still an opportunity to correct it.
Liu Bowen thought briefly and then replied: "Your Majesty, the most obvious flaw of this banknote is the problem of counterfeiting. Currencies such as gold and silver, even if they are not officially minted, as long as they are gold and silver, they have value and can be used as money." As for banknotes, if there are counterfeiters who use sophisticated methods to make counterfeit goods, the originally useless waste paper can also be turned into money. Once there are too many fake banknotes, the real banknotes will become worthless. After all, no one wants to Cheated."
"Um."
Zhu Yuanzhang nodded: "I have thought about this too, so I have put a lot of effort into the anti-counterfeiting of banknotes. I specially found someone to study the anti-counterfeiting technology of banknotes in the Song and Yuan dynasties, from paper to ink seals. All of them have been specially treated, and it’s not that simple to make counterfeit money.”
As a major national financial matter, Zhu Yuanzhang was really concerned about the Ming Dynasty treasure banknotes.
He personally dealt with all craft issues.
Liu Bowen continued: "Your Majesty has thought carefully and should have already had countermeasures for the damage and exchange of treasure banknotes."
Zhu Yuanzhang smiled and said: "Bo Wen, you still understand me. This treasure banknote is different from gold and silver. No matter how it is made, it is still easy to be damaged. How to exchange broken treasure banknotes? What kind of money can be exchanged and what kind cannot, What kind of parts can be replaced, I have considered all these."
Lao Zhu was very excited and explained to Liu Bowen. To be honest, treasure banknotes began to appear in the Northern Song Dynasty. After hundreds of years of development during the Song and Yuan dynasties, both printing techniques and exchange rules have been developed. A relatively mature system.
It is naturally much easier to improve on the achievements of predecessors.
"Your Majesty is wise!"
Liu Bowen immediately praised: "However, I believe that these are all technical matters, and the real problem of paper money must be on the Tao."
"Skill? Tao?"
Lao Zhu was stunned for a moment, but then he came to his senses and asked, "Bo Wen, what do you think is the biggest problem with banknotes?"
The so-called technique refers to means and methods, while Tao refers to the great road and principles. The means are only auxiliary. Only when the principles are correct can things be successful.
Liu Bowen replied: "Your Majesty, it is not difficult to make banknotes. What is difficult is the exchange in banks. Banknotes are issued by the imperial court, so naturally the imperial court is responsible for the exchange. The exchange rate must be set by the imperial court. It is just the exchange rate set by the imperial court." Ratio, how can it be recognized by the people, gold, silver and treasure banknotes, the people definitely prefer physical gold and silver."
Liu Bowen is Liu Bowen, and he has his own unique understanding of banknotes.
"Bowen, I also have something to do with the exchange..."
Just as Lao Zhu was about to talk to Liu Bowen, the teaching in the study room began to continue again.
"Mr. Su, I know that banknotes are not as stable as gold and silver and are easily damaged. Problems may occur if they are stored for a long time."
Zhu Ping said first.
Before Su Jing could answer, Zhu Fan had already spoken: "Second brother, there are many types of paper now. For example, the treasure banknotes of the Yuan Dynasty were made of high-grade paper 'Chupi', so the banknotes are also called Chu coins or Chu coins." Although money is not as stable and strong as gold and silver, it will not be damaged easily.”
Zhu Xi was stunned. Although he had changed a lot recently and read a lot more, there was still a gap between him and Zhu Fan, who had always studied seriously.
Zhu Di said: "Mr. Su, banknotes are not gold and silver. Even if they are gold and silver, there are still people who make fake banknotes. I am afraid there will be more fake banknotes. This is a major shortcoming of banknotes."
Su Jing nodded and said: "Yes, counterfeiting of banknotes is indeed a big problem, more serious than counterfeiting of gold and silver."
Zhu Biao pondered for a while and said: "Master Su, you just said that the gold and silver cast by the government can be recognized by the people. In addition to the value of the gold and silver itself, it also comes from the trust in the court. Paper currency is not gold and silver, and its value should be It comes entirely from the imperial court. This is an advantage at first glance, but in fact it is also a huge disadvantage. Once the imperial court loses the trust of the people, the banknotes will become useless paper immediately."
"After all, gold and silver can be hoarded and spent at any time, but if paper money cannot be spent, it will be a piece of waste paper no matter how long it is kept."
Zhu Biao's words made several of his brothers stunned. Even Lao Zhu and Liu Bowen outside the door were stunned.
That’s right, the value of banknotes does not come from the currency itself. How much is a piece of paper worth, no matter how good it is? It’s not like there’s some rare and famous painting painted on it.
After all, it was the imperial court that said banknotes were valuable, and banknotes are valuable.
But the fundamental reason why the court can say this is the authority of the court itself, and the authority of the court comes from the people.
"The prince is really smart. This is absolutely correct. The old minister is not as good as the prince."
Liu Bowen admired Zhu Yuanzhang.
Zhu Yuanzhang hummed and said, "Indeed, what Biao'er said makes sense."
Now Lao Zhu couldn't help but think about the necessity of issuing treasure banknotes.
Su Jing looked at Zhu Biao with unstoppable admiration in his eyes. He smiled and said: "The prince said it very well. The value of banknotes does not come from the banknotes themselves. This is why I just said that from minting to banknotes, it is a one-time process." Reason for the giant leap.”
"The value of banknotes relies on an authoritative issuing institution. Once there is a problem with the authority of this institution, banknotes will rapidly depreciate."
"This is an advantage and a disadvantage."
Su Jing paused and continued: "As for what you said before about banknotes being easily damaged and easily counterfeited, these are indeed inherent in banknotes. At the same time, they are constantly being solved or alleviated through continuous technological improvements."
"Only the source of value of banknotes cannot be changed, and it is also the issue that requires the most attention."
Zhu Ming raised his hand and said: "Mr. Su, what problems will arise with banknotes? The value of banknotes comes from the imperial court. Our Ming Dynasty has just been established. It is a good time and is stable. Could it be that Mr. Su means that the Ming Dynasty will be Something went wrong?”
"The second brother is right. The Ming Dynasty has just been established. I have no opponent at all. What problem can there be now?"
Zhu Yuanzhang said rather domineeringly.
He understood what Su Jing said, but he was more confident about the current situation of Ming Dynasty.
Even though the Ming Dynasty now has internal and external troubles, they are all minor problems and cannot shake the foundation of the Ming Dynasty at all. There is no need to worry at all.
Su Jing smiled and said: "King Qin, the status of the Ming Dynasty is naturally unshakable, but when it comes to the specific matter of banknotes, that is not necessarily the case."
"Please ask Mr. Su to clarify your doubts!"
Zhu Xi immediately raised his hands and said.
Su Jing said: "Okay, now let me continue to ask you a question. Do you think, why should we issue banknotes? Is it just for convenience?"
These words confused Zhu Biao and the others in front of them. They talked about the benefits of banknotes. The most important thing is convenience.
Coins were too heavy, and money was too heavy to carry around in large transactions, so paper money was born.
Now why are we asking why banknotes are issued?
But since it is Su Jing's problem, they will think about it seriously.
"Bowen, what do you mean by this kid Su Jing? Aren't banknotes issued just for convenience?"
Zhu Yuanzhang also asked Liu Bowen with some confusion.
Liu Bowen remained silent and did not answer.
Lao Zhu frowned and said, "Bowen, I'm talking to you, what's your opinion? It's not like I don't have any opinion."
Liu Bowen then said: "That's not true. I just feel that Your Majesty knows this matter best, so why bother asking me."
Um?
Zhu Yuanzhang's eyes were surprised and he said: "Bo Wen, what do you mean by this? Don't play riddles with me."
Liu Bowen said: "Your Majesty, it is your decision to issue this treasure banknote. Shouldn't you be the one who knows best why the treasure banknote is issued?"
Now that Ming Dynasty wants to issue banknotes, it is actually Lao Zhu's personal idea.
He is the emperor, and only if he nods can this Ming Dynasty treasure banknote be printed.
Even if it wasn't his idea, someone else would have to explain the pros and cons, and only after Lao Zhu thought about it could he decide to implement it.
Therefore, no matter how Zhu Yuanzhang nodded to issue the Ming Dynasty treasure banknotes, he should be clear about the reasons.
"Why do I issue treasure banknotes? It's naturally for convenience."
Zhu Yuanzhang said without hesitation: "On the one hand, treasure banknotes are light. In addition, Ming Dynasty's expenses are increasing day by day. If there are treasure banknotes, it will naturally relieve part of the financial pressure. Printing treasure banknotes is always easier than digging for gold and silver mines." "
Liu Bowen was silent, but Lao Zhu also understood.
At this time, in the study room.
Zhu Biao said: "Master Su, the student thinks that the issuance of this treasure banknote may also be considered to relieve the financial pressure of the Ming Dynasty. After all, the Ming Dynasty is light on taxes and often needs the Northern Expedition. This consumes a lot of money and food. With the treasure banknote, this It will be easier financially."
After all, Zhu Biao is the prince, and he knows much more about the situation in Ming Dynasty than his brothers.
He could also guess some of Zhu Yuanzhang's reasons for issuing treasure banknotes.
Su Jing looked at Zhu Biao and said, "What the prince said makes sense. Today's Ming Dynasty has a strong national power, but its financial resources are a little overstated, but it is certainly not rich."
"There is nothing you can do. Your father, His Majesty, is still considerate of the people after all. He does not tax farmers very high in order to recuperate and recuperate."
"Unfortunately, the Ming Dynasty needs to spend money in many places now. If we have the Ming Dynasty treasure banknotes and print more when we are short of money, then the financial problems will naturally be alleviated."
Su Jing's analysis immediately made several princes present feel that the treasure money was really good. They had never thought about the current situation of the Ming Dynasty.
"This kid Su Jing still understands me very well. Not bad."
Zhu Yuanzhang nodded slightly, quite satisfied with Su Jing's remarks.
It is quite rare to hear words of praise from Su Jing's mouth.
Liu Bowen's expression on the side was not good-looking. He said softly: "Your Majesty, this treasure banknote is not gold or silver. The more you print, it will only consume the credibility of the Ming Dynasty. I think this is not advisable."
Liu Bowen didn't know much about the principles of economics, but he instinctively felt something was wrong about printing money when there was no money.
Zhu Yuanzhang glanced at Liu Bowen and said: "Bowen, don't worry, I will not print this treasure banknote at will. It is not a national event, and I will not print it lightly."
Zhu Yuanzhang's guarantee seemed to be of some use, but Liu Bowen always felt that something was wrong, but he couldn't explain it.
Liu Bowen listened and moved his ears closer. He felt that Su Jing should know.
"Since it's so good, it should be done as soon as possible!"
Zhu Fang said excitedly: "Our Ming Dynasty is so short of money, so it is great to have treasure banknotes!"
After the last soap business, Zhu Xi became interested in business. He learned a lot and was eager to practice it.
The promotion of business by banknotes gave him extra support for the issuance of treasure banknotes.
Su Jing shook her head and said: "King Qin, I haven't finished my lecture yet. Treasure notes are good, but how do you think the value of treasure notes is determined?"
Zhu Xi immediately replied: "Of course it has to do with the gold and silver exchange ratio set by the imperial court, or the value indicated on the treasure banknotes."
Zhu Ping answered decisively, and he indeed thought so.
"Is it really?"
Su Jing smiled and said: "Do you really think that the value of treasure banknotes is determined by the imperial court?"
this……
Everyone in the study was stunned. Some of them didn't quite understand what Su Jing meant.
Since the treasure banknotes are printed by the imperial court, their value is naturally determined by the imperial court. Is there any problem with this?
Not only everyone in the study room, but also Lao Zhu outside the study room was also lost in thought.
"Bowen, do you understand what Su Jing means?"
Lao Zhu couldn't figure it out and asked Liu Bowen directly for help.
Liu Bowen also shook his head and said: "Reporting to your Majesty, I don't quite understand what Mr. Su means. Your Majesty should support Mr. Su's answer."
(End of chapter)
