Daming: Teach the prince about dragon slaying skills at the beginning

They all have a consensus at this moment, that is to find out the various flaws in the Daming Treasure Banknote System.

Then reform it, repair it and perfect it, so that it can truly become a system of Daming banknotes that benefits the country and the people.

It's not a bad government that robs and plunders, exploits the people's fat and anoints, and defrauds and squeezes the wealth of tens of thousands of people in the court! ! ! !

"Finally, the fifth point, the decree to crack down on counterfeit banknotes."

"Whether it is Da Yuan or Da Ming, they have done a good job in this regard."

This is also the Daming Treasure Banknote, the only thing that can be compared with the Great Ingot Banknote.

But this is also normal, after all, counterfeit banknotes are properly robbing the court and the emperor's money.

In this regard, it is impossible for the former Great Yuan court and the current Great Ming Zhu Yuanzhang not to ruthlessly kill people and issue strict orders.

......

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Chapter 167: The biggest shortcoming of the treasure banknote system is that the money comes in too quickly【Please subscribe, please order in full】

Following Yan Changqing's last words, the rice paper on the wooden board on the right side was densely written with the advantages and disadvantages of the comparison between Da Yuanbao banknotes and Daming Tongxingbao banknotes.

Judging from Yan Changqing's comparison results, it can be said that Daming Tongxingbao banknotes are as strict and excellent as Qianyuan's in terms of cracking down on counterfeit banknotes in the last point.

In other respects, there is almost nothing comparable to Da Ming Tong Xingbao banknotes.

Even Zhu Yuanzhang, who had been mentally prepared before, couldn't help his eyelids twitching when he saw the densely packed advantages of the big Yuanbao banknote, while his Daming Tongxingbao banknote was densely packed with a lot of shortcomings.

However, this time he didn't blame anyone, but himself!

[We are so stupid, really! 】

[We only know that we should refer to the former yuan to issue the Ming Tongxing treasure banknotes, but we don't know how to refer to it carefully. 】

[As a result, they only refer to the superficial aspects of the Da Ming Yuan Bao banknotes, and hurriedly start issuing Daming Tongxing Bao banknotes. 】

[As a result, almost none of the advantages of the big ingot banknotes have been referenced and learned. On the contrary, it is the shortcomings of the later period of the big ingot banknotes. We are all referenced and studied. 】

[If we had seriously studied and understood the details of the Dayuan Tongxing Banknote System back then, we would not have turned a good thing that was originally beneficial to the country and the people into a bad government that was disastrous to the country and the people today! ! ! 】

[Let's not be scolded by Mr. Yan Dai Ming's tens of thousands of ordinary people! ! ! 】

[No wonder Mr. Yan said that in 06, we have no experience in issuing precious banknotes, and we have not even absorbed the experience and lessons of the former Yuanda Yuanbao banknotes. 】

......

Zhu Yuanzhang couldn't help but sigh in his heart for his short-sightedness, but then Zhu Yuanzhang thought of the civil and military ministers of the Manchu Dynasty in the court.

【Fortunately, before we issued the Daming Tongxing Banknotes, we specially summoned civil and military ministers to discuss and study it. 】

[As a result, there are so many disadvantages in the Ming Tongxingbao banknotes that we issued, and none of the civil and military ministers of the Manchu Dynasty can see it! ! ! 】

[Not to mention pointing out the disadvantages of the Ming Tongxing treasure banknote system! ! ! 】

[His aunt, all civil and military ministers in the court are all porridge? ! ! 】

[Hmph, Hubu Shangshu, Hubu's left and right servants, when we go back, you'd better give us a plausible explanation! ! ! 】

[Otherwise today we will be scolded by Mr. Yan on behalf of the thousands of people in Daming, and tomorrow we will ask you to sacrifice your life to pay for the loss of fifteen renminbi for the tens of thousands of people in Daming! ! ! 】

......

At this moment, Zhu Yuanzhang has already thought of a hundred kinds!

There are at least a hundred ways to deal with the Hubu Shangshu and the Hubu's left and right servants! !

After all, Zhu Yuanzhang's scolding today cannot be in vain. Since he has been scolded, someone will naturally have to pay the corresponding price! ! !

Yan Changqing on the podium concluded with a serious expression:

"At the beginning of the implementation of the treasure banknote system in the Yuan Dynasty, it was not only guaranteed by the credibility of the imperial court, but also had a certain amount of gold and silver reserves for leveling and exchange, as well as a comprehensive treasure banknote recycling mechanism and corresponding legal system regulations."

"The issuance and management system of various treasure banknotes, under the strict compliance of the Yuan Dynasty court, well guaranteed the smooth operation of the Yuan Dynasty treasure banknote system."

"However, the issuance and management of treasure banknotes in the middle and late Yuan Dynasty completely served the country's financial needs. Gold and silver reserves were embezzled, and treasure banknotes were issued without limit, etc."

"Although in the short term, misappropriating the treasure banknote reserve and issuing excessive treasure banknotes can temporarily relieve the financial pressure of the imperial court."

"However, in the long run, it destroyed the foundation and operating mechanism of the Yuan Dynasty treasure banknote system and caused serious inflation."

"In the end, the credibility of the imperial court collapsed, and the big ingots were worthless, and the people all over the world were destitute and miserable because of the big ingots."

"These are all experiences and lessons worth absorbing and drawing lessons from Daming Tongxingbao Banknotes!!!"

Underneath, Zhu Yuanzhang, Empress Ma, Prince Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes all nodded their heads when they heard what Yan Changqing said, expressing that they deeply remembered it.

Not only did they memorize it in their heads, but they also copied a lot of records in their respective notes.

However, seeing this plot, Yan Changqing sighed lightly, and his eyes fell on Zhu Yuanzhang.

A look of doubt flashed in Zhu Yuanzhang's eyes, and he couldn't help asking:

"Why did you sigh?!"

Yan Changqing was silent for a moment, then quietly said:

"Although treasure banknotes have various advantages over gold, silver, and copper currencies, they are even the main trend for the development of general equivalents in the future."

"However, to be honest, I do not recommend that His Majesty continue to use the treasure banknote system."

"The banknote system is a double-edged sword system."

"Used well, then it is a system that benefits the country and the people."

"If it is not used well, it will be a bad government that squeezes and robs tens of millions of people's wealth."

"As for the bad results of using it, the Yuan Dynasty has used its personal experience and lessons to tell us before."

"Like what I just said at the end, the credibility of the imperial court is used as the guarantee of the big yuan banknotes, and gold, silver, and copper are used as the reserve support of the big yuan banknotes. Do not issue excessive treasure banknotes to avoid serious inflation and other precautions. "

"Don't these Yuan Dynasty know?!"

"No, Yuan Dynasty knows and understands better than anyone else!!!"

"Otherwise, at the beginning of the Yuan Dynasty, there would not have been so many management systems that were conducive to ensuring the smooth operation of Dayuanbao banknotes."

"But, so what?!!"

"When it comes to the middle and late Yuan Dynasty, don't embezzle the reserve funds of the Dayuanbao banknotes to support it, the Dayuan court embezzled it!!!"

"Don't indiscriminately issue precious banknotes, so as not to cause inflation. The Great Yuan Dynasty issued indiscriminately, and it also caused extremely serious inflation!!!"

"It ended up being a vicious cycle of self-destruction."

Speaking of this, Yan Changqing paused, then stretched out his index finger, shaking lightly at Zhu Yuanzhang, Empress Ma, and Prince Zhu Biao, Zhu Yu, Zhu Fang, Zhu Di and other princes:

"Knowing the treasure banknote system, in my opinion, what is the biggest shortcoming?!"

Yan Wang Zhu Di asked with a wink:

"What?!"

Yan Changqing's mouth flashed a faint smile and said:

"The treasure banknote system, in my opinion, the biggest shortcoming is that the money comes in too fast!!!"

Hearing what Yan Changqing said, Zhu Yuanzhang, Empress Ma, and princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes all frowned, not understanding.

Yan Changqing smiled and said:

"That's right, the money came too fast!!!"

"After the implementation of the treasure banknote system, for the court, how much money it wants is really just how many treasure banknotes to copy."

"And in the short term, these precious banknotes really have the same precious value as gold, silver, copper and other common equivalents!!!"

"And these treasures are guaranteed by the credibility of the emperor and the court, and they can really be exchanged for real gold and silver of the same value, or other food and cloth materials from the hands of thousands of people in the world!!!"

"At this time, no matter whether the court wants 1 taels, 10 taels, or a million taels, tens of millions of taels, or even hundreds of millions of taels!!!"

"For the imperial court and for the emperor, it's all at your fingertips!"

"Facing the fact that at any time, you can take all the wealth of the world's people into yourself in a short period of time!!!"

"Such a temptation, which imperial civil and military officials, and which emperor can really resist such a temptation?!"

"After all, using the power of all the people in the world to provide for oneself, isn't this the consensus of all officials in the court, Chinese, military, and even the emperors of the past?!"

Seeing Zhu Yuanzhang faintly wanting to speak up, Yan Changqing shook his head lightly without giving him a chance to speak, and continued:

"Even if there is an emperor, Chinese and military officials who can resist such a temptation, but when the imperial court is really in financial distress and has to use money."

"The Son of Heaven, as well as the Chinese and military officials, can they really abide by the precautions just mentioned above?!"

"For example, the military expenditure is too large, which leads to the excessive revenue and expenditure of the imperial court this year, and the annual income is poor."

"Another example is that too much investment in various people's livelihood infrastructure has also led to an imbalance in the government's income and expenditure this year, and a decrease in annual revenue."

"Another example is the encounter with natural and man-made disasters. The imperial court opened warehouses to release grain and worked hard to provide disaster relief. As a result, the imperial court spent more than 473 yuan this year, and the annual income was insufficient."

"There are other problems such as these, which lead to the lack of remaining years of the court, and even unsustainable."

"At this time, you say that the emperor and the Chinese and military officials are willing to choose to save money, endure together, and work hard to overcome financial difficulties?!"

"It's still a choice, as long as you issue the Daming Tongxing treasure notes lightly, you can immediately alleviate the current embarrassing situation of the imperial court's finances?!"

"It's a big deal to comfort myself in my heart, saying that this year I will temporarily increase the issuance, and next year I will reduce it, so that if there is an increase and a decrease, it will not cause inflation."

"Do you think the emperor and the civil and military officials in the court would choose the former? Or would they choose the latter?!"

Zhu Yuanzhang, Empress Ma, and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes all fell silent.

Do you choose to endure it by yourself, or choose to issue Daming Tongxingbao banknotes? ! !

Such a choice, needless to say, they all know how the current emperor and all the civil and military officials will choose.

Because most of them think so! ! !

"This year's fiscal revenue is not good, so we should pay a little more. When the fiscal revenue is good next year, we can pay a little less."

"But how do you know that next year's financial revenue will definitely be good?!"

"If next year's fiscal revenue is worse than this year's, and there are more places to spend money, and the gap is bigger, will it be necessary to issue more Daming Tongxing treasure notes?!"

"This year will follow next year, and next year will follow the year after that, every year will be like this, and every year will be super-issued."

"So, the Great Yuan Dynasty died just like that."

Yan Changqing's calm words echoed in the classroom.

Underneath, Zhu Yuanzhang, Empress Ma, and the princes Zhu Biao, Zhu Xi, Zhu Fang, Zhu Di and other princes were all silent.

......

PS1: The new book is on the shelves, and we urgently need full orders and customizations from handsome guys, beauties, and bosses!I wish all the full-book and self-order bigwigs get rich overnight, good health, good luck and good luck!Thank you everyone!Kneel down to everyone! .

Chapter 168: The Credit Currency System Not Suitable For The Current Era【Please subscribe, please order】

At this moment, Zhu Yuanzhang, Empress Ma, and the princes Zhu Biao, Zhu Xi, Zhu Yu, Zhu Di and other princes all understood what Yan Changqing said about the treasure banknote system. The biggest shortcoming is the meaning of too fast money .

It does!

From the scarcity of gold, silver, and copper coins, precious metal currency, to paper currency, this is an epoch-making development and difference.

The former still relies on the main value of the precious metal currency itself for trading, circulation and trading. In the process of buying, selling, circulating and trading, its highest value limit is still limited by its own value.

In other words, gold worth one hundred can be sold for 110, 120, 130...or even three hundred! ! !

However, its gold value of only one hundred is already doomed, no matter how much it is sold, it is impossible to sell for a thousand gold value!

Because it is only worth a hundred gold, selling a thousand gold value, such a thing itself is a violation of value! ! !

Unless it is said that this is only worth one hundred gold, and has encountered substantial monopoly and malicious hype and price hikes.

In this way, the gold value which is only worth one hundred is distorted before it is possible to sell a thousand gold value.

But the latter—the paper banknote currency—rely on the issuer's own credibility and value for buying, selling, circulation, and trading.

In the process of buying, selling, circulating and trading, the highest value limit does not lie in the value of the paper banknote currency itself, but in the credibility of the issuer itself!