A few days later.
At the capital city gate, three huge bluestones were carried.
Engraved on it are the names and deeds of three righteous men.
Of course, Fang Xiaoru's name was among them. He donated all the millions of taels of silver he earned from the sale of Wang Xizhi's authentic "You Mu Tie" to the court.
He firmly won the first place.
The other two people paid 300,000 taels and 200,000 taels respectively and left their names on the donation stones.
Since then, they have been respected by all people, and everyone who passes through the gate of the capital can see their deeds.
As for the imperial court, they just asked people to move three stones and carve some words.
Without any loss, he received a total of more than three million taels of donations and put them into the national treasury.
Although it is pitiful in comparison.
But the victory comes at almost no cost, just a few stones. What impact can it have on the court?
If three stones are equal to three million taels, then Zhu Yunxu really wants to give him a thousand taels!
It's a pity that this kind of thing cannot be repeated.
Zhu Yunxian could only give up in frustration and continue to prepare for the issuance of a new batch of national bonds.
As the news about Shi Jian Yinshan was published in People's Daily, the news naturally spread, and everyone in the capital already knew about it.
The same is true in Yingtian Mansion.
Nowadays, People’s Daily is so widely spread! Basically, every time a new issue is published, it will spread throughout the entire Ming Dynasty in less than a month!
Now, some time has passed regarding Iwami Yinshan and the open-pit silver mine owned by Japan.
Naturally, the people knew about it.
It’s time to make the next step!
…
Royal study room.
Zhu Yunxu recruited Yu Xin, the right minister of the Household Department, who was now in charge of the affairs of the Household Department, and his right-hand man, Xia Yuanji, the head of the Household Department.
Asked: "What do you think is the appropriate amount of government bonds to be issued this time?"
“How much is appropriate to use national debt as a reserve to print money?”
"The current goal is to completely complete the land reform. You two are in charge of the Ministry of Household Affairs, so you must be clear about this."
Land reform is a complex and huge project.
Although Zhu Yunxuan initiated this project and was the one at the helm.
But there is no way to control all the details. Ask professional people for professional matters. Yu Xin and Xia Yuanji are in charge of the household department, so they are naturally professional candidates.
Yu Xin, the right servant of the Ministry of Finance, thought for a while.
Then he said: "Your Highness, judging from the current situation, the number required for land reform is really huge!"
"Fortunately, Your Majesty was wise enough to set up a military garrison. Although the fields were given to military households for farming, the fields still belong to me, the Ming Dynasty."
“Really saved a lot of money!”
"Otherwise, the amount of silver spent on harvesting the fields this time will probably double..."
"But even so! The gap is still huge! Wei Chen believes that the new national debt... should be no less than 500 million!"
Wait for Yu Xin to finish.
Zhu Yunzhen looked at Xia Yuanji again.
This person originally took over the post of Minister of Household Affairs after Yu Xin's death.
Want to see what he thinks.
Xia Yuanji was not timid either. After pondering for a moment, he said: "I believe that 500 million is still not enough."
"If we want to ensure the completion of land reform, we should issue a national debt of one billion!"
"Mobilize the people of the entire Ming Dynasty to buy! Only in this way can we completely complete the great task of harvesting the land! Let my Ming Dynasty be reborn!"
The numbers of Yu Xin and Xia Yuanji were each exaggerated.
But this is not an impossible number.
Not to mention that the people of Ming Dynasty are getting rich now. For example, Ming Dynasty's tax revenue of more than 10 million per year is not a huge number for the people of Ming Dynasty.
It just depends on whether people are willing to buy it.
Zhu Yunxuan thought for a moment, and became more inclined to the billion-dollar plan mentioned by Xia Yuanji.
It is best to complete land reform together, rather than piecemeal here and there.
Let the development of Ming Dynasty become uneven.
This may cause some unnecessary problems.
"In that case, let's prepare for the issuance of one billion national debt."
Zhu Yunxuan made a decision.
"No!"
Yu Xin, the right minister of the Ministry of Finance, suddenly objected: "Your Highness, I think that one billion is too much!"
But this was not because Zhu Yunzhen did not adopt his plan.
It wasn't because Xia Yuanji didn't agree with his plan, but because he had other worries in his heart.
I saw Yu Xin saying worriedly: "Your Highness, use one billion national debts as reserves to issue banknotes. By then, the banknotes issued will far exceed one billion!"
"With so much banknotes flowing into the market, there won't be any problems for the time being."
"But over time, it will inevitably cause prices to rise! Money no longer makes money!"
"At that time, the banknotes in the hands of ordinary people will turn into a pile of waste paper! Your Highness's reputation will also be ruined!"
Yu Xin said sadly.
Although in his view, collecting 500 million treasury bonds and then issuing additional banknotes will also lead to the same end.
But at least the situation is somewhat controllable.
But one billion is really too much! This will cause the situation to become completely uncontrollable!
After all... To put it in the most realistic terms, the Ming Dynasty can only produce so much food in a year. If people have the need to stock up on food, prices will soon skyrocket.
Money depreciates in just an instant!
But Xia Yuanji has a different view on this.
Xia Yuanji said slowly: "Master Yu, as you said, this may indeed happen."
"Then why did you say you would issue one billion?" Yu Xin asked puzzled.
Zhu Yunzhen also looked at Xia Yuanji and saw that his expression was as usual.
Said: "First of all, it's because if we want to complete the land harvest, we must have a national debt of one billion to complete it!"
"The national debt is a great weapon that consumes the credit of the court and the confidence of the people! It can only be used once and cannot be used repeatedly!"
"If 500 million is not enough, a new tranche of government bonds will need to be issued."
"But at that time, the court could issue it, but would the people be willing to subscribe? Maybe by then, the private banknotes would have devalued!"
"Secondly, the depreciation of banknotes may seem inevitable, but in fact it may not be!"
"The more money people have in the hands of Ming Dynasty, the stronger their desire to buy things. What we have to do is actually to find ways to satisfy people's desire to buy."
"Stabilize the confidence of the people of Ming Dynasty! Just let the people know that as long as they want to buy it, they will be able to buy it!"
"At the same time, we can also find a hole where people can throw unlimited money into it, leaving only a small amount of money for themselves."
"In this way, the people seem to be rich, but in fact the money in their hands is the same as before."
"Price will naturally not rise."
Xia Yuanji talks eloquently, clearly organized and logically.
And his remarks about the 'hole' shocked Zhu Yunxuan even more.
Isn't this the 'reservoir' theory of later generations?
Later generations are still printing money like crazy, and there is more and more money, but the price rise has always maintained a stable trend.
Money has not depreciated significantly either.
The reason is that everyone poured money into the 'reservoir'!
The money in everyone’s hands is actually not as much as it seems!
But Xia Yuanji was still limited after all, and failed to see the fundamental point - the Ming Dynasty's material data was not rich enough!
No matter what means are used, prices will rise and banknotes will depreciate!
But fortunately, Zhu Yunxuan already had a way to deal with it...
"What Xia Yuanji said is true, so let's go with the billion-dollar plan!"
"Starting today, a new issue of national bonds will be issued!"
Although Yu Xin was still worried, since Zhu Yunzhen had already decided and what Xia Yuanji said was very reasonable, he no longer objected.
Instead, it began to issue a new batch of government bonds.
soon.
In the capital, news of an explosion spread.
The imperial court is about to issue a new issue of national bonds!
When the people in the capital heard this, they went crazy like sharks after seeing blood!
Who doesn't know? Now the Ming Dynasty's new army is so powerful that a few hundred people defeated tens of thousands of Japanese pirates!
And now the Ming Dynasty's navy has gone to Japan.
Once the Japanese country is conquered and places like Iwami Silver Mountain are occupied, tens of millions of silver will be sent back to the Ming Dynasty every year!
The Ming court's ability to repay its debts is completely worthy of trust!
What is the difference between buying government bonds now and giving money away?
It’s completely guaranteed!
Moreover, the donation boom has not yet passed. Buying national bonds at this time is equivalent to contributing to land reform!
For a time, the people in the capital went completely crazy!
Wherever you buy treasury bonds, there are already long queues before dawn!
Subscribe one after another!
Money poured into the treasury like water!
(End of chapter)
