A monetary system in which rice or other grains are used as the standard currency is a grain standard.

Countries that generally implement the grain-based system are usually very lacking in precious metals such as gold and silver, or food occupies an absolutely important position in their national economic system.

During the Great Song Dynasty, the implementation of the grain standard was a very normal choice...... Back then, in order to take advantage of the Great Song market, Zhang Guoan and others had to take grain as the basis, otherwise, there was no way to mix in the Great Song market.

However, after years of development, especially with the significant increase in grain production, the grain standard is no longer suitable.

At this time, it is also a very normal choice to start implementing the precious metal standard.

However, the Great Song Dynasty has always been short of gold and silver, and the output of copper is not too high, so they can only use grain as the standard...... The point is that their economic knowledge is still extremely poor, and they are happy to print paper money!

Of course, poor economic knowledge does not mean that they are fools or wicked people, they also know that when printing banknotes, there must be corresponding material collateral, and they cannot print blindly, otherwise it is a theft of people's wealth.

The reason for their printing is that there is a lot of food, and it is not possible to print paper money...... This reason is high-sounding, but does the people's livelihood depend only on food?!

If the extra printed banknotes were only used to buy grain, the extra printing would barely work...... But where can the population buy only food?!

This has increased the intensity of inflation...... There is nothing other than grain that does not keep rising in price!

The point is not that they are not only affected by their own domestic country, but also by the island of Liuqiu, because everyone's transportation is extremely convenient, and the economic relations are extremely close, so they have to accept their export inflation again.

Prices on the island were originally within a reasonable range, but there was always a slight inflation...... This is a good thing, it can stimulate economic development.

However, they can't stand the output inflation again and again!

The merchants of the Great Song Dynasty are crazy about purchasing...... Our market here will also be messed up by them.

What is hateful is that the Great Song Dynasty government is still confused, and some people even accuse the high prices of being because of the reason why the flow of paper money is allowed to circulate at will in the Great Song Dynasty!

Just what little bit of their knowledge of economics is used to blame others...... Fortunately, most of the officials had saved some Liuqiu banknotes in their hands, and they not only saved some money in the Great Song Money Bank and the Great Song Imperial Money Bank, but also saved some money in the Liuqiu Money Bank.

Some people have also bought Liuqiu treasury bonds, and some people even have shares of a listed company.

They began to keep and thin the mud, and as a result, this accusation could not be stopped, everything was as usual, and the price of goods would go up a little, anyway, there was enough food to eat, and I have not heard of any place where people died of hunger.

During the Great Song Dynasty, large-scale famines were rare, but since the promotion of the new high-yield grain varieties brought by Zhang Daozhu, coupled with the fact that a considerable number of farmers have also learned to use organic fertilizers and organic pesticides, grain production has increased significantly.

Another important reason is that the price of cattle and horses is getting cheaper and cheaper, and many farmers can afford to buy them, and horse farming has been realized in some arid areas...... Of course, only some wealthy middle peasants could afford it, and it was far from being as widespread as in Shandong.

…… The Great Song Dynasty government has even lifted the ban on the sale of beef, and there are more and more beef cattle from Shandong and Australia, and it is a bit ridiculous to ban them again.

The five of them discussed for a long time, until at lunchtime, they decided to reissue the banknotes, named them Dashang banknotes, and directly announced the equivalent of gold, silver, and copper coins!

The original banknotes began to be recycled and were no longer issued...... At the same time, it was announced that it would no longer be directly equivalent to the Da Song banknotes, but proposed to exchange them at an exchange rate of one to two!

Song Ziqiang was a little frightened, you are forcibly appreciating......

Zhang Anguo shook his head and said: "No, their grain output may still increase, and there is still a lot of room for growth from one to two!" ”

Wu Dapeng said: "What about our exports...... Don't want the market of Da Song?! ”

Wan Shida said: "Of course! We will start focusing on high value-added products...... As for other private companies, we also believe that they can find a way out, but we have to proofing first. ”

Wang Defa also agrees with this exchange rate, and he believes that if we do not re-issue the currency, determine the precious metal standard, and increase the exchange rate to forcibly cut it, we ourselves will suffer even more!

The fruits of hard work and development will be eaten by the Great Song Dynasty government in vain, and they will have to endure vicious expansion with them!

If the Great Song government prints more banknotes, we will raise the exchange rate again!

Zhang Anguo said: "It is better to pay a little pain first than to endure long-term and endless blood loss!" ”

Well, the five of them finally agreed on the plan.

Of course, this matter cannot be implemented immediately, and a lot of preparation needs to be made, and public opinion propaganda must be done first...... It is estimated that it will be officially launched by next year, which is the end of 1283.

There are still problems at hand, and they have discussed some simple methods, one is to restrict the purchase of merchants of the Great Song Dynasty and increase the tax on offshore materials on the island; the second is to tighten the credit of the federal empire, temporarily control the supply of money in demand, and reduce the supply of money on the island; The third is to export inflation to Korea, Japan and Tianzhu regions: increase the procurement of materials to their countries and regions!

Anyway, they are all circulating in the country for paper money...... In fact, if you don't want to circulate, you can't do it, Liuqiu Island has become a powerful economic magnet, firmly absorbing those two small countries!

Without the flow of paper money, they could not move an inch.

In Liuqiu Island, they also have to support other policies, including price limits, tax cuts, indexation, and so on.

The most powerful way is to increase the supply of supplies!

Particularly scarce supplies...... Song Ziqiang lamented: "If we hadn't privatized land and engaged in real estate speculation, we would have solved inflation in a few moments......"

Wu Dapeng laughed at him again and said: "Okay, if inflation is solved, what will you do with the next deflation?" Printing tickets again to rob? In the end, the game collapsed, where are you going to escape?! ”

Song Ziqiang said indifferently: "I'm not assuming, you ...... seriously"

"Unswervingly adhere to the privatization of land!"

The two men sometimes agree with each other, sometimes attack each other...... Friends have long been used to it.

Since this meeting of the living room economy, there have been many people in the "Liuqiu Times" who have published some knowledge and discussion on inflation...... It really attracted the attention of some Great Song officials.

Some of them wrote letters to refute them, some wrote letters to discuss, and some wrote letters to express their feelings.

The Great Song Dynasty in this time and space still belonged to a period of active thinking, and they had never been unified by other races.

Well, the more you argue, the clearer it becomes, and the truth that does not allow comments must not be the truth...... Some of the principal officials of the Great Song Dynasty government finally noticed some of the measures on the island, and some even proposed to take the initiative to learn from them.

However, they also have an unreasonable side.

That is, most of them agree that inflation is caused by the excessive printing of banknotes in circulation, but, however, they believe that most of the overprinted banknotes are printed by Liuqiu Island, and they also participate in the circulation in the Great Song Dynasty!

No way!

Zhang Anguo was angry, he slapped the table in front of a quiet face, and said: "Japan, Goryeo and Tianzhu, which one is not a place where I can export inflation casually?!"

Where are the banknotes we over-issued, they really can't look at them?! ”

A correction with the Great Song Dynasty about the over-issuance of currency began......

PS: The third update, the third one!!