Physician of the Song Dynasty: Zhang Kai and Li Qingzhao have a private life-long contract

"Young Seedling Method!"

In an instant, all the officials in the court could not help but pause.

The Qingmiao Law was one of the most controversial reforms among Wang Anshi's reforms, and it received mixed praise and criticism from the court.

The interest rates on loan sharks in the Song Dynasty were very high, with double the interest rate, and some even multiple times the interest rate. As for people who went out nine times and returned home thirteen times, beheadings with interest rates were commonplace.

When Wang Anshi carried out the political reform, he was keenly aware of the harmful effects of usury. He took the opportunity to implement the Green Seedling Law, whereby the court would lend money to people in urgent need of money. On the one hand, he took the opportunity to suppress the harm of usury and exploitation, and on the other hand, it could also increase revenue for the court.

"Wang Anshi's vision is so vicious, and the Qingmiao Law is so similar to later bank lending! It can be said to be the oldest national finance."

Fan Zheng couldn't help but sigh.

Wang Anshi's reform was highly praised by later generations because of his forward-looking vision and insight. However, the finance of this era was too advanced after all, and many problems naturally occurred during the implementation of the Qingmiao Law.

Sure enough, as soon as Zhang Dun finished speaking, everyone in the old party couldn't wait to object.

Lu Dafang frowned and said: "I am opposed to the Qingmiao Law. The Qingmiao Law seems to be a good law, but in fact it is harmful to the people. Although the Qingmiao Law advertises two points of interest, in fact, the summer and autumn taxes each charge two points of interest, and the actual interest is as high as four points. "

Su Zhe also objected: "In order to claim credit, officials arbitrarily allocate young people's money to line their own pockets. If the people don't pay, they will be punished with sticks and the people will suffer unspeakably!"

"The people who borrow money from the Young Crops Law require the upper household to provide guarantee. If the lower household fails to pay, the upper household will be punished, and the people's dissatisfaction is overwhelming..."

……………….

Suddenly, the old party and a group of centrist officials opposed the Youth Law.

Zhang Dun suddenly looked embarrassed.

"The annual interest rate of the Green Crop Law is only 4 cents, and private loans are generally at least double the interest rate. The Green Crop Law benefits the country and the people." Zeng Bu also frowned and retorted.

Yang Wei, the censor, retorted: "Although private loans have high interest rates, they are relatively lenient. Although the Qingmiao Law has slightly lower interest rates, it requires repaying the debt with money within a time limit, which is extremely strict."

The income from young crop money is related to the official career. Officials naturally do not care about the lives of the people when collecting young crop money. In order to recover the young crop money as much as possible, the officials act extremely roughly.

"It is a matter of course to borrow money and repay it. Private lenders have been ruined and killed all over the place. The imperial court's young seedling law has exhausted its benevolence and righteousness." Cai Bian, the Minister of Rites, also joined the battlefield.

Suddenly, there was a quarrel in the court, and there was a lot of resistance to the Qingmiao method.

After resigning from the court, Zhao Xu had a headache. He circled the lake in the back garden several times to vent his dissatisfaction. He didn't understand why there was so much resistance to the Green Seedlings Law, which was obviously beneficial to the country and the people.

Fan Zheng shook his head and said: "If officials want to know why the Green Seeds Law faces so many obstacles and so many people are complaining, all they need to do is analyze the motives of the old and new parties! If the motivations of both parties are absent, naturally the Green Seeds Law cannot succeed?"

"What do you mean by this?"

Zhao Xu was puzzled.

Fan Zheng asked rhetorically: "Do the officials know why the old party blocked the Green Seeds Law? Is it really asking for help from the people?"

Zhao Xu shook his head. Although the Green Seedling Method had various problems, overall it still had more advantages than disadvantages.

"Most of the old party officials are from wealthy landowners, and the families behind them are the main force in private lending. The implementation of the Green Crops Law will naturally damage their interests. This is the reason for their opposition." Fan Zhengdao.

"That's it!" Zhao Xu frowned.

"Although private lending is convenient, the interest rate is usually as high as double. Nine times out of the blue, nine times out of the blue, and beheading is a common method. The people are miserable. Generally speaking, it does more harm than good. Therefore, , the Green Seed Method came into being.”

"As for the New Party, they have indeed seen that the people are suffering from loan sharking. However, their approach is not to save the people from misery, but to join them and share a piece of fat." Fan Zheng said again.

Zhao Xu suddenly looked embarrassed.

"Whether it is private lending or the Young Crops Law, they are just drinking poison to quench thirst. Not only do they fail to benefit the people, but they also make them sink deeper and deeper. The two seem to be incompatible with each other, but in fact they are the same raccoon dog, both seeking money." Fan Zheng criticized mercilessly. road.

"A raccoon dog of the same species?"

Zhao Xu couldn't help but twitched his face.

"In Fan Aiqing's opinion, the Young Crops Law should be abolished?" Zhao Xu asked.

"Of course not. People who are in urgent need of loans are in urgent need of blood transfusions and treatment just like people who have lost blood. Both private loans and the Green Seedlings Law can help people in emergencies. From this point of view, the Green Seeding Law with lower interest rates is better than private loans. Fan Zheng shook his head.

"Does Fan Aiqing have a cure for evil?" Zhao Xu raised his eyebrows.

Fan Zheng took the initiative to ignore Zhao Xu's slip of the tongue, but said proudly: "Of course there is a good cure, and that is to treat the other person in his own way."

"How can one's body be cured by one's own way?" Zhao Xu asked in confusion.

Fan Zheng solemnly said: "From the standpoint of the imperial court, it is natural to want to curb the harm of private loan sharking. The harm of private loan sharking is very serious, but it has the advantage of convenience. The old party attacks the new party's Qingmiao Law, which has annual interest rates exceeding 40%. It is harmful." The policy of the people, in this case, why don't the officials treat the people in their own way and directly order that the annual interest rate on private loans should not exceed four cents, otherwise the government will not recognize it."

"It's good to treat others in their own way." Zhao Xu exclaimed.

The old party always attacks the new law from the moral high ground. This time, it wants to make the old party dumb and unable to speak. At the same time, it can also take advantage of private lending and avoid usury as much as possible to harm the people.

"As for the Green Seed Law, which seems to have a low interest rate of two cents, it can actually double the interest rate, and even has various names for apportionment, which makes the people very dissatisfied. Although it can make money, it cannot achieve the purpose of saving the people. If you want to save the people, you must give up. To make money. According to Weichen's opinion, the annual interest rate of Qingmiaofa is the highest." Fan Zheng said seriously.

"one cent!"

Zhao Xu couldn't help but frown. This was an unprecedentedly low interest rate. Can the court really make money?

Fan Zheng shook his head and said: "What the officials don't know is that the annual interest of one point is already a lot. Take ten thousand guan as an example. The principal and interest of one point per year is 11,000 guan. In ten years, the principal and interest can reach 20,000 guan." Five thousand strings!"

In this era, there was no algorithm for compound interest. When Fan Zheng used compound interest to calculate the principal and interest of ten thousand yuan for ten years, even Zhao Xu couldn't help but feel excited.

"In addition, there is a lot of resentment among the people about the high-class households providing guarantees. Why don't the officials allow them to voluntarily guarantee? If the borrower cannot repay the loan, then the guarantor will have nothing to say." Fan Zheng said again. Improve the tough guarantee system of the Young Crops Law.

"But if this is the case, no matter how many people in the world are willing to guarantee it, I'm afraid the young people's money will not benefit those who really need it." Zhao Xu frowned.

"As long as people with a clean financial background do not need to mortgage, they do not need to mortgage. Above a certain amount, farmers can use their own fields and properties as mortgages! Of course, the money for borrowing young crops must be less than the market value of the collateral."

Fan Zheng walked through the various procedures for bank loans in later generations.

Zhao Xu nodded slightly, this method is indeed more perfect than the young sprout method in the new method, and it is also feasible.

“Even so, in order to prevent the Green Crops Law from harming the people again, the officials can let the old party supervise the Green Crops Law and the new party crack down on private loan sharking. Only in this way can the old and new parties supervise each other and make the Green Crops Law a good remedy that everyone praises. "Fan Zheng said solemnly.

"The way of checks and balances!"

Zhao Xu suddenly became thoughtful.