Rebirth of the Ming Dynasty: Sixth Generation of Glory, I don't want it

"It will fall again. If you can take the silver, then take the silver. Even if you have to exchange it for cloth, it will be fine."

Zhu Gaochi was knowledgeable and made suggestions to Zhang Xin in advance.

He has much more resentment than Zhang Xin.

The Emperor’s grandfather was very kind to all of them, the princes and grandchildren.

The money and grain given by his father, the vassal kings, were huge sums.

But after more than ten years, at first I couldn't spend it all, and later it wasn't enough.

Apart from the fact that the annual salary was reduced by more than half, the treasure note could not be used as money at all.

The border troops said that they did not need to be supported by the royal palace and could support themselves by farming.

But a capable border army cannot rely solely on food.

"You're going to lose it, until it's worthless? Didn't the Yuan Dynasty also use paper money? It didn't turn out like this?"

Zhang Xin continued to ask.

“In the early Yuan Dynasty, 200,000 banknotes were issued each year, and the highest was no more than 1.5 million.

Roughly speaking, since the founding of the Ming Dynasty, we have issued five million treasure notes every year.

In the 23rd year, the highest amount paid out was 15 million.

Can you calculate this number? "

Zhu Gaochi curled his lips.

"But shouldn't normal money be issued every year?"

Zhang Xin is very sure that both banknotes and copper coins will be worn out and new ones will be issued after a period of time.

"Copper coins are fine, because copper itself is valuable, but banknotes are not."

"don't know..."

Zhang Xin honestly sought clarification.

The old ministers from her previous life also told her that there were too many terms and she only understood the result.

Anyway, the more money is printed, the less valuable it becomes. As for why, she only has a vague idea.

"Let's not talk about copper coins for now. It's useless to talk about it. There are too few copper mines in the Ming Dynasty. Copper is more valuable than money. I guess it's unlikely that copper coins will be used in the future.

Let’s talk about this treasure banknote.

For example, if you have 10,000 taels of silver in your hand, but it is inconvenient to carry 10,000 taels of silver when you go out to buy things, you can print 10,000 strings of banknotes to use as a substitute for the silver so that I can go buy things.

You are the Crown Prince's Consort, and I am the Crown Prince.

Everyone believed that we had money, so they used the treasure notes to buy back the items worth ten thousand strings of cash.

These merchants will then come to you with their banknotes to exchange them for silver.

Very quickly, everyone took the ten thousand taels back home.

We also took back the banknotes that were originally issued and destroyed them.

Later, when you had some money again, you followed the old method and printed a batch of banknotes and asked me to buy things with them.

After the last time, everyone felt that the palace was trustworthy, so I bought the things back smoothly with the treasure notes.

This kind of thing happens several times.

Everyone thinks that using treasure notes is more convenient than using silver, so for the time being they won't come here to exchange them.

When merchants settle accounts, ordinary people spend money directly using the treasure notes you issued.

At first, only 10,000 strings of treasure notes were used in the market. No matter who used them, these treasure notes were treated as 10,000 taels of silver.

You still have ten thousand taels in your hand.

No one suffers and it is convenient for everyone.

Then, one time, you wanted to buy something worth 20,000 strings of coins, but you actually only had 10,000 taels of silver. Then, you suddenly had an idea and printed 20,000 strings of treasure notes.

Good boy, I can actually bring back something worth 20,000 strings of cash for you.

This is because everyone believes that our Prince Yan’s Mansion has the money, and we have been able to exchange it every time before.

From then on, it's out of control and you don't care how much money you have at all.

Whenever you need money, you just print it, 20,000, 30,000, or even 10,000,000.

Soon, every time you print a piece of banknotes, they will be used in the market, and the total amount may be hundreds of thousands or even millions.

But you actually only have ten thousand taels.

At first, people outside didn't think anything was wrong.

But what if someone comes to you with a treasure note to exchange for silver? ?

In case someone else needs to exchange silver later, you always have to keep some money in your hand and not give it all.

You are the Crown Prince's Consort, so it's up to you to decide how much to give.

The person who changed the silver went out and told him.

The value of the treasure notes immediately dropped.

Every time more Baochao is printed, its value will drop.

I estimate that if the banknotes continue to be printed, they will be worthless in thirty to fifty years."

Zhu Gaochi was not sure whether Zhang Xin could understand, so he used the most common example.

This is still a good description.

His royal grandfather, who didn't even have 10,000 taels of silver in his hand, just hit the nail on the head and started issuing banknotes, with the amount issued increasing each time.

"So, how much money can you print according to how much money you have?"

Zhang Xin really understood this time.

It must be said that Zhu Gaochi explained it clearly and was very considerate of her original level.

“It’s not that you have to have a certain amount of money to print a certain amount of banknotes, you just have to have an estimate.

Not everyone needs to exchange their notes for silver.

As long as there is buying and selling, a large portion of the treasure notes will be used in the market.

The Ministry of Revenue needs to do the calculation to get a rough number.

If you don't count carefully, if you really want to use a million pieces of silver as a million pieces of silver, you must have at least 600,000 pieces of silver in the warehouse to be safe enough. "

If Zhu Gaochi were asked to comment, his grandfather was particularly poor and suddenly became rich in this regard.

They print money whenever they need it, and even if their ideology is problematic, they will never change.

"You said earlier that since the founding of the dynasty, 5 million has been distributed every year?"

Zhang Xin silently calculated the number in his mind.

She really wanted to learn how to swear like men.

Grass--

No wonder during the orthodox period, one string of money could only be exchanged for two cents.

They are printed every year and the old banknotes are not recycled. So, how many banknotes are there out there now?

"Yes, to be exact, it is at least five million per year. This year is the 30th year of Hongwu. Even if we calculate based on this lowest number, the figures are still astonishing. The annual tax revenue of the imperial court is only 10 million taels."

Zhu Gaochi gave a positive answer.

"Won't the Ministry of Revenue stop Grandfather Huang?"

After Zhang Xin asked this question, she wanted to slap herself.

If someone could be persuaded, the Ming Dynasty would not have been like it was later.

"Haha, the grass on the grave is taller than both of us."

Zhu Gaochi, the grandson of the emperor, admired his grandfather but was also very depressed.

He punched the old master to death.

After the Imperial Grandmother passed away, the Imperial Grandfather was simply too excited and completely let go.

"Is this why there are so many corrupt officials being killed?"

Zhang Xin suddenly understood why Zhu Gaochi did not react much to the corrupt official when she told him about Du Shan.