After listening to Li Yi's words, the hundred officials were touted again, and words such as Shengming flew all over the sky.

Li Yi waved his hand, stopped the praise of the hundred officials, and said: "The people deposit money to come in, and the bank will give interest." When the people borrowed money, they had to pay interest to the bank. Borrowing is risky, and if you don't pay it to the bank, you will lose it. Therefore, the interest rate of borrowing is a little higher, and the people can understand it, don't you say? In this way, one in and one out, one high and one low, you can make money. ”

In fact, there are many ways in this, and when they are professionally spoken, hundreds of officials can't understand them, and Li Yi can't say them all. It's better to say it in layman's terms, so that everyone can understand it.

Sure enough, the hundred officials understood and were shocked, using the money of the people here to earn the money of the people there, this ......

The outspoken official muttered in a low voice: "Isn't this an empty glove white wolf!" ”

"Don't talk nonsense! This is a great thing for the benefit of the country and the people. ”

"Yes, yes, great thing!"

……

As a result, the silent hall boiled again. The civil officials all sang praises, the emperor of the ages, the saint of ten thousand years, threw out the money without money. The military generals smacked their tongues, and they couldn't understand these literati at all.

However, Lu Su asked worriedly: "If you can't pay it back, you will lose it!" ”

As soon as these words came out, the hall suddenly fell silent again.

The ministers are all clever and exquisite, and they say that the people come to borrow money, if they can't pay it back, there is no money here, and those who save money come to withdraw money, and there is no money to take it. The imperial court, the Tang Dynasty, and the emperor's face were lost, and the people had no money, so they didn't want to rebel.

The ministers looked at each other, maybe it was a "faint trick to mislead the country", or let's take a look.

So, the ministers looked up and looked at what the emperor Lao Er, who was high on the dragon platform, said.

"Okay, good ......" Li Yi still praised Lu Su first, the president of the Tang Royal Chamber of Commerce did not work in vain.

Then, Li Yicai explained: "You can get a mortgage. For example, the people have no money, but they have houses, land, and these are valuable. Valuable furniture, carriages, goods, stable jobs, these can be used as general collateral. And so on, your chamber of commerce can study and study well. ”

"Huh!" The ministers' ears pricked up. Yes, I don't have any money, but I have a house and land to mortgage. No one dares to rely on the accounts of the imperial court, and they will make sure they don't lose money.

So the ministers danced and began to sing praises again. What is the national policy of the world, prospering the economy and giving preferential treatment to the people...... I didn't want to throw out all the money.

Lu Su also understood it, and he was very shocked. This bank is a new industry, and it will definitely make a lot of money. Especially with some people's money to earn another part of people's money. You don't have to pay for your old book, just wait to count the money.

This national policy, the gods and men can't think of it.

The hundred officials bowed together and said: "In this way, Datang will not have to worry about the treasury running out of money." The emperor is sage! ”

Li Yi laughed, and said in his heart Who is the richest in the future generations and who will open a bank, do you still need to ask? Are real estate agents rich? It's not a loan yet, but in the end, the bank makes money.

As a result, Emperor Wude ordered the Tang Royal Chamber of Commerce to be responsible for the establishment of the Tang Royal Bank.

………………

The issuance of banknotes and the opening of banks became the number one event in the Tang Empire at that time, and it also became the number one news.

Because of Li Yi, because of the rapid development of Tang Dynasty commerce, paper money and banks, the two products of later generations, were advanced by hundreds of thousands of years, appearing at the beginning of the 3rd century AD.

If it weren't for Li Yi's birth and the creation of the Tang Dynasty, paper money would not appear until the Northern Song Dynasty.

It is not accidental that paper money appeared in the Northern Song Dynasty, it is an inevitable product of socio-political and economic development. The development of the commodity economy in the Song Dynasty was relatively fast, and more currency was needed in the circulation of goods, and there was a shortage of copper coins at that time, which could not meet the demand in circulation.

At that time, iron money was common in the Yizhou area, and the value of iron money was low and heavy, and it was extremely inconvenient to use. At that time, a copper coin was worth ten iron coins, and the weight of each thousand iron coins was 25 catties for large coins and 13 catties for medium coins. It costs 20,000 yuan to buy a piece of cloth, weighs about 500 catties, and you need to use a car. Chengdu is an important economic powerhouse, and the road to the outside world in Yizhou is extremely rugged and difficult, so there is an objective need for light currency, which is the main reason why paper money first appeared in Yizhou.

Moreover, although the Northern Song Dynasty was a highly centralized feudal autocracy, the national currency was not uniform, and there were several currency areas, each of which did not use each other. At that time, there were 13 roads (administrative units of the Song Dynasty) special copper coins, 4 roads special iron coins, and Shaanxi and Hedong used both copper and iron coins. The outflow of currency is also strictly prohibited in various currency areas, and the use of paper money can prevent the outflow of copper and iron coins.

In addition, the Song government was often attacked by the Liao, Xia, and Jin, and spent heavily on military and indemnities, and also needed to issue paper money to cover the fiscal deficit. A variety of reasons contributed to the creation of paper money - "Jiaozi".

Today's Tang Dynasty, the situation is more historical, and the Northern Song Dynasty has certain similarities, which gave birth to the early appearance of paper money.

The officials of the Tang Dynasty were all capable, they thought of many flaws in the banknotes and raised them, and Emperor Wude proposed solutions accordingly.

In fact, even if these officials don't bring it up, Li Yi himself will propose corresponding checks and balances. Because he knows all too well the impact of over-issuance of paper money and credit problems on paper money and the banking sector.

In another time and space, as early as the Hongwu period of the Ming Dynasty, the Hongwu Emperor issued paper money in order to make up for the emptiness of the treasury, and even the paper money issued to officials was paper money, but because of the indiscriminate printing of paper money, the result was a serious depreciation of paper money, and even used to wipe the butt felt hard and became a worthless thing.

It is conceivable that if such a thing is not checked and balanced, the same result will inevitably appear in Datang.

It can be said that paper money is directly related to the future of the Tang Empire, especially when the imperial capital is developing extremely rapidly, the issuance of paper money has become the only way to consolidate the capital economy and help the development of the capital economy.

In Western countries, the issuance of paper money is mainly to meet the needs of the capital economy for money, especially when the demand for capital cannot meet the needs of capital in metal currency, the problem can only be solved through paper money.

The reason for the issuance of paper money in the Tang Empire is not the main one, but because of the rapid development of the economy, the staggering weight of metal currency can not meet the needs of commercial economic development.

In fact, in addition to this reason, another important reason for Li Yi's decision to discover paper money was to control the value of domestic currency and protect the lives of the people of the empire through the issuance of paper money.

The reason for this problem is the large inflow of precious metals.

At that time, the Tang Empire's need for capital was not very urgent, especially after plundering the wealth of many countries such as Dongwei, Tianzhu, Kushan, Anxi, and even the Roman Empire, the capital development of the Tang Empire was not in urgent need of precious metals, and in terms of trade, the empire was also making a lot of money, and there was no shortage of metal currency at all.

The direct consequence of the large inflow of precious metals is that the money in the hands of the people is worthless.

When Li Yi first crossed over to the Han Dynasty, that is, thirty years ago, 400 yuan could buy a stone of rice. Now, thirty years later, because the amount of precious metals circulating in the imperial market has increased dramatically, even if the government increases the value of precious metals in various ways, 400 yuan can only buy less than half a stone of rice.

In other words, precious metals have depreciated by at least half, and as a result, the wealth in the hands of the people has been halved.

Obviously, this actually lowers the income of the people, lowers the living standards of the people, and especially for the workers, it actually lowers the wages of the workers.

And the social problems caused by this are very serious. When the wealth of the workers decreased, then the capital of the empire was concentrated in the hands of a small number of big capitalists and big businessmen, which led to the widening of the gap between the rich and the poor in the empire, and the direct consequence was social unrest, and more and more people were dissatisfied with the government.

Therefore, after Lu Su and others raised this issue, Li Yi decided to promote paper money and eventually replace metal money.

The specific arrangements for the issuance of banknotes were in charge of Lu Su and Wang Anshi, who had just been transferred from Yizhou Thorn Shi to serve as the head of the household department.

The two also quickly proposed a specific method, a complete plan to replace metal currency with paper money, in which paper money is divided into two types, one is a gold dollar equivalent to gold, and the other is a silver dollar equivalent to silver, and at the same time, a copper coin is the value of one gold dollar, and one silver dollar is the value of one tael of silver.

Of course, in order to ensure the authority of paper money, gold and silver dollars could be exchanged for gold and silver directly in any bank of the empire.

The two also quickly came up with a concrete solution, a complete set of plans to replace metal money with paper money. Among them, there are two types of banknotes, one is the gold dollar equivalent to gold, and the other is the silver dollar equivalent to silver, and the copper money has been abolished. A gold dollar is the value of a tael of gold, while a silver dollar is the value of a tael of silver. Of course, in order to ensure the authority of paper money, gold and silver dollars could be exchanged for gold and silver directly in any bank of the empire.

"It doesn't need to be that complicated!" After reading the reports of the two, Li Yi immediately put forward his idea, "In order to ensure the authority of paper money, it is completely possible to use only gold as a standard." The currency adopts a single system, that is, one yuan is equivalent to one tael of gold, and silver is also withdrawn from the circulation market, and the value of silver can be determined according to the exchange rate of gold and silver set by the Datang Royal Bank. ”

After a pause, Li Yi continued: "In this way, paper money is not only simpler, but also more authoritative, and it is easier for the people to accept, after all, the value of silver will fluctuate frequently, and the value of gold itself is relatively fixed, and the fluctuation range is very small. As long as the people are convinced that the paper money in their hands can be exchanged for the equivalent of gold at any time, then they will gradually accept the paper money! ”

Lu Su hesitated for a moment and said: "This method can be adopted, of course, we must adjust the ratio between silver and gold according to the market situation at any time!" ”