Chapter 285: The Cost of Minting
Someone is struggling, that math problem... (snickering...) ļ¼
Here's the thing, I've been so tired for the past two days, I fell asleep after finishing a chapter at noon, and threw the new chapter to my wife to fix the typo. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
I have always had a problem with using punctuation indiscriminately, and when I saw that question, my daughter-in-law didn't call me, thinking that it was another wrong punctuation. So I replaced a" with "", and the last sentence removed another one, number.
Thereupon.....
A ternary equation magically becomes a binary equation.....
It's been changed, and everyone can see the power of punctuation at a glance.
āāāāāāāā
Tang Yi used an imaginary deduction to attract all the minds of the Great Song Dynasty monarchs and more than 100 students in Guanlan, and then led to a series of questions worth pondering.
Seeing that the time was almost up, Tang Yi hurried out of class, but it couldn't be like morning.
"These questions will be left for everyone to think about after class, and we will continue to talk about them tomorrow."
The Confucian scholars made a fuss, but they forgot that Tang Zihao was a slut, and no matter how knowledgeable he was, he couldn't change his hateful nature.
Can't you finish it all in one sitting? I just got a little bit of an idea.... Gone!
Zhao Zhen was also a little anxious, he had heard Fan Zhongyan mention Tang Yi's theory of "raising the Song Dynasty with silver money from all directions" before. It's just too general, Zhao Zhen just remembers that there is such a thing.
Today, I finally heard his whole set of deductions and system theories, but I only said half of it, and it was gone.
In a fit of anger, Zhao Zhen said coldly to Tang Yi before going out: "Come with me!" ā
Tang Yi didn't know why, and said in his heart, I didn't recruit you? Why is it so angry?
followed Zhao Zhen to the emperor's residence and entered the hall.
Zhao Zhen sat down on the right seat, and when the courtiers stood still, he said to Tang Yi in a deep voice: "Say, how can you solve the money shortage?" How to get rid of the crisis of currency? ā
The problem of money shortage is no longer a small problem in the current Great Song Dynasty, and there is no money circulating in the market, resulting in deflation, which is a major solid disease restricting the national economy and people's livelihood in the Great Song Dynasty.
Otherwise, Zhao Zhen wouldn't wait for class tomorrow, so he called Tang Yi for questioning.
You must know that before this, Zhao Zhen planned to hang Tang Yi for three months, that is, he would not be summoned for three months. Today, he made an exception for the money shortage, which shows how important this matter is to Zhao Zhen.
Tang Yi said bitterly: "Your Majesty, don't take it seriously, that's just a kid's deduction." ā
"Humph!" Zhao Zhen said, "I don't know you yet, if I am not sure, I will definitely not use this matter to deduce." ā
Among the courtiers, a slightly rich, Confucian and elegant courtier accosted: "I have heard that Tang Zihao has never suffered a loss, and he does not want to lose face. On the first day of teaching today, how can you come up with a deduction that has no results for yourself? It's not beautiful if you are asked by a student! ā
Tang Yi secretly glared at the man, and said in his heart, who is this? It's so annoying!
No, I had to argue: "The grass people came up with this deduction, it is indeed not random, it is just to plant a seed of doubt in the hearts of all Confucian students. In the future, when they reach high positions and have the ability, they will naturally consider this aspect. ā
Zhao Zhen nodded, but he was not fooled, "Then you still have a solution, right?" ā
Tang Yi rolled his eyes, knowing that he couldn't hide, so he gritted his teeth and said, "Yes!" But not in the short term. ā
Zhao Zhen's eyes lit up, "Tell me!" But if you can't say it for another reason, let's hang out the moves first, and let's discuss them. ā
"Let's start with curbing currency, but there are actually many ways to solve it."
"For example......" Tang Yi gritted his teeth and said, "Buy, buy, buy!" I buy it vigorously! ā
The "buying" that Tang Yi said is buying abroad.
It is not difficult to understand that if there is more money, it will be spent and foreign countries will be shorted.
Zhao Zhen nodded, yes, yes, but not a long-term solution.
With the current level of wealth of the Great Song Dynasty, it is slowly buying short the Great Liao, and if there is more money, it may not be able to solve the fundamental problem.
"And then there is..."Tang Yi glanced at everyone with a weak heart. Expansion, use external expansion to dilute the domestic market and divert domestic pressure! ā
Really....
"Is there any other way?"
The monarchs and ministers of the Great Song Dynasty were not interested in war, expansion, or anything like that.
"Then there is, the state regulates it."
"How is it regulated?"
"Establish a special institution to manage money and control the total amount of money."
ā.....ā
This point, everyone seems to understand but not understand.
Tang Yi didn't bother to explain to them what a bank was now, anyway, with the current conditions, the Great Song Dynasty would not be able to build it.
....
At this time, Han Qi suddenly said: "Zihao, let's talk about the problem of money shortage!" ā
The money shortage cannot be solved, and it is useless to say anything.
Tang Yi was speechless, what to say?
If you want to completely solve the problem of money shortage:
Or, hit Dali. There is the largest copper mine in China in later generations, which will not be used up for hundreds of years.
However, now in the Great Song Dynasty, you let him fight the bandits and don't bother to move, and still fight Dali?
Either that, or the introduction of credit money.
However, now with Zhao Zhen, whatever credit currency they say, it is estimated that they have to listen to the book of heaven.
"The problem of money shortage can be solved, but if you want to completely eradicate it, it can't be now, at least ten years later."
"What about incompleteness?"
Well, the "fat man" who choked Tang Yi just now spoke out again.
Tang Yi couldn't wait to strangle him, this thing was right for him.
"Is there anything incomplete?" Zhao Zhen knew as soon as he saw Tang Yi's expression that Tang Yi really had a trick.
"Yes!" Tang Yi said, "But the technology is not yet mature, and the grass farmers still have to test for a period of time." ā
"Tell me about it!"
"Tiered Monetary System."
ā.....ļ¼ā
In addition to copper, silver and gold were also incorporated into the monetary system, forming a money market with copper coins for small transactions, silver coins for medium amounts, and gold for large transactions. In this way, the demand for copper will be greatly reduced, and the shortage of money will not be a problem. ā
When the people heard this, they did not see joy, but shook their heads.
After all, Tang Zihao is only twenty years old, no matter how amazing he is, there are times when he makes omissions, and the methods he comes up with are too taken for granted.
Han Qi said admittedly: "Zihao knows, why has gold and silver not been included in the currency system since the Han and Tang Dynasties? ā
"Please give me some advice!"
"First, the Central Plains does not produce gold and silver, and the reserves are very small, even if they are included in the currency system, they are not enough to circulate. Moreover, the use of gold and silver as ornaments by the people will further negate the circulation of gold and silver, so that the value of currencies at all levels will be unbalanced, and the market will be chaotic. ā
Han Qi didn't mean to tease Tang Yi, but said it extremely sincerely.
In his opinion, Tang Zihao's ability to realize the way of wealth and business to this point is already a miracle.
Tang Yi said: "You can import silver from other places!" āć
Tang Yi knew that before American silver entered China, even if it was imported silver, the impact on Huaxia currency was not great. Moreover, according to Tang Yi's assumption, Da Song will not only not lose, but also make money.
"Alas!" Han Qi sighed.
In his opinion, there is nothing to earn, only to lose.
"That's why I raised the issue of the cost of minting coinage in the class just now."
"Coins are not formed for no reason, they require manpower and fire. The Great Song Dynasty minted copper coins and was still in deficit, and if silver was minted, the deficit would be large, and the imperial court could not afford it. ā
Song money is not pure copper, but seven taels of copper, with two taels of lead, plus one or two iron, used to cast a whole pound of copper coins.
At first glance, the imperial court is profitable, after all, the value of lead and iron is lower than that of copper.
However, if you take into account the labor, fire consumption, and the cost of coin transportation, there will be nothing left to make this little money, and even lose money.
Moreover, it is impossible to mix lead and iron into silver coins, that is, ten percent of silver is ten percent of coins.
Removing the cost and fire consumption, you can only lose more.
Tang Yi knows about this, and he complains a lot, he prints money and loses money, and there is no one else!
He didn't say much, touched into his arms, took out a silver plate and handed it to Han Qi.
"Han Xianggong, look at this ......"
.....
ps: I despise Cangshan everywhere to promote my occasional mistakes! (To be continued.) )