"In this case, it is natural to reduce the number of banknotes issued by Ming Tongxing, reduce fiscal expenditures, increase taxes, and so on."

"The ultimate goal is only one, and that is to reduce the number of Daming Tongxingbao banknotes that are currently circulating and trading in the Ming society."

"When the number of Daming Tongxing Banknotes circulating and traded in the Ming society decreases, the value of Daming Tongxing Banknotes will naturally rise again."

"It's still the glass bead example just mentioned."

"If the number of Daming Tongxing Banknotes in the hands of His Highness King Chu and King Qi is reduced, and there are only seven hundred Wenbao banknotes, then the degree of depreciation of the Daming Tongxing Banknotes will naturally be smaller than that of the one thousand Wen Banknotes."

"However, whether it is to ensure supply or reduce issuance, the methods adopted by the imperial court must be gentle and gradual, and cannot be simple and rude and one-size-fits-all."

"Otherwise, not only will it not be able to solve the problem of inflation, but it may even cause public resentment among the people of Ming Dynasty!!!"

"At that time, not to mention restoring the credibility of the Son of Heaven and the court, it would be nice not to further reduce the credibility of the Son of Heaven and the court."

......

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 158: Twins, Inflation and Deflation in the Process of Economic Development 【Please subscribe, please order in full】

Zhu Yuanzhang, Empress Ma, the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes all silently digested what Yan Changqing said just now.

With Yan Changqing's detailed explanations, they can be regarded as having a relatively clear and clear understanding of the direct cause, root cause, and specific manifestations of inflation.

After a while, Jin Wang Zhu Min pointed to the [Deflation] on the wooden rice paper behind Yan Changqing and asked:

"Then sir, what does deflation mean?!"

Although in the literal sense, and the explanation of inflation just mentioned by Yan Changqing, compared with the two, he also has some guesses and understandings about deflation.

But facing the knowledge mentioned in the dragon slaying technique, Zhu Yan couldn't believe his guess and understanding at all.

If the understanding is wrong, and the implementation is wrong, then the credibility of the Ming court will be lowered suddenly, and it is estimated that my father will have the idea of ​​killing him.

So it's better to be on the safe side, listen to Mr. Yan's explanation, and then guess according to your own thoughts. The two comparisons are more reliable than understanding.

Hearing Jin Wang Zhu's question, there was no surprise on Yan Changqing's face.

Even if Zhu Yan didn't ask, he would continue to explain deflation as well.

After all, inflation and deflation are like twin brothers. When explaining, they must be explained together.

Otherwise, if you only listen to one of them, then the final result is that the social economy is overcorrected, which leads to another bad economic phenomenon.

"Deflation, as the name suggests, is the opposite of inflation. Its meaning is the phenomenon of overall and continuous decline in the overall price level in the social and economic operations."

"The direct cause of deflation is that the number of Ming Tongxing banknotes issued by the national court at that time was less than the number of Daming Tongxing banknotes that were needed in circulation and transactions in the Ming society at that time."

"The specific manifestations of the phenomenon of deflation are: continued price declines, weak markets, and economic contraction."

"In essence, the total social demand is less than the total social supply!!!"

"Let's take the glazed beads just now as an example."

"I have ten glazed beads for sale, but His Royal Highnesses King Chu and King Qi only have three hundred Wen Ming treasure banknotes, and each of them only wants to buy three glazed beads, or even just one glazed bead. ' 々."

"In this way, there will be a large amount of excess glazed beads accumulated in my hand, which cannot be sold."

"In order to be able to sell more glazed beads, I had to sell them at a reduced price, reducing the price of the glazed beads that were originally worth [-] Wenbao notes to the price of [-] Wenbao notes, or even the price of [-] Wenbao notes. sell."

"By selling at a reduced price, we can reduce our losses as much as possible."

"Although this situation is beneficial to the common people in a short period of time, it will damage my interests as a seller."

"And after a long time, I found that selling glazed beads has become unprofitable, so I will give up and continue to burn glazed beads, disband the glazed firing workshop, and the Ming people who are employed by me will lose their jobs."

"In the end, on the one hand, the common people of the Ming Dynasty could no longer buy glazed beads, and on the other hand, they might lose their jobs, causing them to lose their source of income, and ultimately harming the interests of the common people of the Ming Dynasty."

"This phenomenon is called deflation."

"Correspondingly, the solution to deflation is: increase the number of banknotes issued by Daming Tongxing, expand fiscal expenditure, increase investment, reduce taxes, etc."

"In the end, fundamentally, the total demand of the people of the Ming Dynasty is guaranteed to be equal to the total supply of the Ming society; directly, the number of Daming banknotes traded and circulated in the society of the Ming Dynasty has increased."

Yan Changqing calmly explained the meaning, phenomenon, essence, reason, and solution of deflation.

Below, Zhu Yuanzhang, Empress Ma, the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes all had thoughtful expressions on their faces.

After having a detailed explanation of inflation before, it becomes much easier for them to understand the relative deflation at this moment.

"Inflation and deflation are both unfavorable economic phenomena in the process of social and economic development."

"Once inflation occurs, it will cause prices to rise and treasure money to depreciate."

"If the average income of Ming people does not increase, then the living standards of Ming people will decline, and the actual purchasing power of banknotes will also decrease. The money will be worthless, and it will cause chaos in the social economy and life order."

"Similarly, once deflation occurs, it will cause prices to drop, which will benefit the people of Ming Dynasty in a short period of time."

"However, a long-term and large-scale decline will reduce the profits available to producers, which will lead to a reduction in the number of people who are willing to participate in this industry again, which will lead to a reduction in the income of the people of Ming Dynasty, and even the risk of unemployment."

"So, how can Daming's social economy develop and operate stably, so that neither inflation nor deflation occurs."

"This is to test the imperial court's ability to control the society and economy of Ming Dynasty at a macro level."

Speaking of this, Yan Changqing glanced at Zhu Yuanzhang, Empress Ma, and princes Zhu Biao, Zhu Xi, Zhu Yan, Zhu Di and other princes below.

[In this way, when there is inflation, we have to order the treasure banknote lifting department to reduce the number of copying and issuing Daming Tongxing treasure banknotes. 】

[When deflation occurs, we have to order the treasure banknote lifting department to copy and issue the number of Daming Tongxing treasure banknotes. 】

[But how to judge, when is inflation and when is deflation? ! ! 】

[By the way, I said before that the one-hundred-cash Ming Tongxing banknotes in the hands of the common people can only be exchanged for 85-cash copper coins. 】

[Then we only need to check from time to time whether the one-hundred-wen Ming Tongxing treasure banknotes in the hands of the people of Ming Dynasty can be 100% exchanged for one-hundred-wen copper coins to know! ! ! 】

[If one hundred Wen Da Ming Tong Xingbao banknotes can be exchanged for less than one hundred Wen copper coins, then it is inflation. 】

[Similarly, if one hundred Wen Da Ming Tong Xingbao banknotes are exchanged for more than one hundred Wen copper coins, then it is deflation. 】

[We really deserve to be the emperor, such a simple method can make us think of it! ! ! 】

After Zhu Yuanzhang frowned tightly, he relaxed again, and his face changed from serious to gradually let go of worries, and regained a relaxed look.

Prince Zhu Biao, Zhu Xi, Zhu Fen, Zhu Di and other princes also had such relaxed expressions.

After knowing and understanding the causes, phenomena, essential reasons, and solutions of inflation and deflation.

Their worries about the possible decline in Daming's credibility brought about by inflation and deflation have also been greatly reduced.

After all, they now know the causes, phenomena, essential causes, and solutions of inflation and deflation.

If they can't solve inflation and deflation, then they are too bad.

And are they trash? !Clothes!

One came out of the troubled times at the end of Yuan Dynasty, abruptly raised his sword, and ascended to the throne of the emperor all the way.

The other few have received the most top-notch education in Ming Dynasty, and their own talents and understanding are not bad.

Therefore, Zhu Yuanzhang and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes still have a little confidence in their own abilities.

......

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 159: I have at least one hundred economic means to play the Beng Daming treasure money economy【Please subscribe, please order in full】

Seeing the complacent faces of Zhu Yuanzhang and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes, Yan Changqing knew what they were thinking, and an imperceptible sneer appeared on the corner of his mouth.

Treasure banknotes, or the paper money economy, even the modernized countries of the previous life could not completely control the stability, operation and development of the social economy in the true sense.

To know the country in the previous life, there were a large number of economic and financial talents in the true sense who acted as the country's think tanks to regulate and control the country's macroeconomic development! ! !

When it comes to the understanding and application of economics and finance, those talents who are truly qualified to become national think tanks are far better than the half-bucket of half-baked people like Yan Changqing.

To put it bluntly, in terms of economy and finance, Yan Changqing is not worthy of supporting them!

However, even so, in the process of economic development in previous lives, inflation or deflation still appeared from time to time.

Although a large part of the reason is that there are top economic and financial bosses in other countries who are fighting trade wars and economic wars with their own top economic and financial bosses.

The gods fought between the two sides, which led to the instability of economic development and operation.

But no matter how gods fight, at least those big guys who fight are gods!

At least they all know what kind of economic and even administrative measures should be adopted to effectively bring the out-of-control economic state back to the right track when various unstable states of economic development appear.

But do Zhu Yuanzhang, the princes Zhu Biao 467, Zhu Xi, Zhu Fang, Zhu Di and other princes have such abilities? ! !

Don't be kidding, even Yan Changqing may not have such abilities!

The reason why Zhu Yuanzhang and his princes Zhu Biao, Zhu Xi, Zhu Yan, Zhu Di and other princes can now have the two economic development concepts of "inflation" and "deflation".

Those are the two concepts of economic development that they only had after Yan Changqing exhaustively explained with examples.

Although the economic structure during the Hongwu period of the Ming Dynasty was not too complicated, it was not as difficult to control and regulate as the economic structure of later generations.

But that is definitely not Zhu Yuanzhang and the princes Zhu Biao, Zhu Xi, Zhu Yu, Zhu Di and other princes. After listening to Yan Changqing's general explanation of the concepts of inflation and deflation, they can immediately play well. .

If this happens, there are only two possibilities.

Or, Zhu Yuanzhang and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes are really saints.

For the understanding of the economy, not only can you draw inferences from one instance, but you can even draw inferences from one instance! ! !

Only this kind of economic sage who can create economics with his own strength.

In this way, it is possible to truly understand and grasp the law of a country's economic development just by relying on Yan Changqing's few words and the two concepts of inflation and deflation.

Or, Yan Changqing himself is really a teaching sage, unknowingly taught a sage student who can develop his own way in economics!

These two possibilities, the former, the historical records of Yan Changqing's previous life, have proved that Zhu Yuanzhang and the princes Zhu Biao, Zhu Yu, Zhu Yan, Zhu Di and other princes are not worthy of saints in terms of economics.

After all, Daming Tongxing Treasure Banknotes, which was eventually destroyed by playing, is the best example.

In the latter case, Yan Changqing is not so brazen as to think that his teaching ability is so awesome.

He was able to clearly explain the knowledge and culture in his memory, and let Zhu Yuanzhang and the princes Zhu Biao, Zhu Yu, Zhu Yan, Zhu Di and other princes really understand.

Then he thinks he is already amazing!

As for teaching a sage student, he himself is not a real sage, so how can he have the ability to teach a sage student.

Yan Changqing's sneer, although Zhu Yuanzhang and princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes didn't notice it, Empress Ma, who had been observing Yan Changqing carefully, obviously noticed it, and her face immediately turned pale. Gently asked:

"I don't know why Mr. Yan is laughing?!!"

Yan Changqing glanced at Empress Ma in a little surprise, but he didn't expect that Empress Ma would notice his sneer just now.

But since Queen Ma asked, Yan Changqing immediately said:

"Nothing else, I'm just happy to see that His Majesty and His Royal Highnesses seem to have gained something and realized something."

"Since your highnesses have already understood the causes, phenomena, essential causes and solutions of inflation and deflation."

"Then, now facing the unfavorable economic situation of the depreciation of the precious currency and the inflation of the Ming Dynasty, how do you think your Highness should control and adjust it so that the economic situation of the Ming Dynasty can be restored to a good state?!"

King Zhu of Qi replied immediately:

"That is naturally to ensure supply and reduce issuance!"

"Guarantee that the total supply of the Ming society can meet the total needs of the people of the Ming Dynasty, and is equivalent to the total needs of the people of the Ming Dynasty!"

"At the same time, reduce the number of Daming Tongxing treasure banknotes that are currently circulating and trading in the Ming society."

Zhu Yu has a good memory and almost completely recounted what Yan Changqing said just now.

Yan Changqing's face was slightly serious, and his tone was serious:

"Blank"⑥⒐⑧5⒉5⑧[-]O Guarantee supply, how to guarantee supply?!"

"Do you know what the people of Ming Dynasty need now?!"

"And after knowing it, how do you expand their supply and demand?!"

"After the supply and demand increase, it will lead to an oversupply, which may lead to deflation."

"How do you calculate the quantitative balance between supply and demand, and how do you grasp and adjust it?!"

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like