After all, this is Chang'an City, the richest city in the entire Tang Dynasty. It is home to a large number of wealthy businessmen and dignitaries, and it is natural that a mere one hundred thousand taels can be counted.
result?
The result was only five thousand taels of gold, nearly twenty times less than expected!
If Ouyang Bufan had told Muchuan the news, he didn't know how severe the beatings and kicks would have been.
However, it was getting dark now, and the lessons that should be learned still had to be learned. Ouyang Bufan took a deep breath and walked in. As a result, when he was about to enter the mansion, the door of the mansion had been opened, and the person who came out was exactly
Muchuan.
"Oh, isn't this extraordinary?"
Muchuan chuckled, "What a coincidence, I was about to go to Fang's store, and unexpectedly I ran into you! How about it?"
How are Treasury bonds selling?”
Ouyang Bufan had already thought of how to explain it, but when Muchuan asked, he hesitated.
Muchuan was not an idiot, he already knew the situation when he saw Ouyang Bufan like this.
I'm afraid Ouyang Bufan's sales of treasury bonds were not very good this time. If the treasury bonds had been sold well, Ouyang Bufan would have raised his head and nose with pride. How could he hesitate like this?
"Is it not selling well?
Just forget it if it doesn’t sell well.”
"ah?"
Ouyang Bufan was obviously shocked. Is that all?
He thought that Muchuan would teach him a lesson, and even make various taunts and personal attacks, but Muchuan actually said forget it in such an understatement?
Is the Lord Muchuan in front of me still the Lord Muchuan I know?
At that moment, Ouyang Bufan looked at Muchuan like a ghost, and he suspected that the person in front of him was another person wearing Muchuan's skin.
Muchuan rolled his eyes: "Why are you looking at me like this?
Anyway, it is within my expectation that the national debt cannot be sold this time."
"Lord Muchuan, have you already predicted this?
How could you expect that?"
"Isn't this a very simple thing?"
The Tang Dynasty was not established for a long time. If the people are now asked to spend all their money and gold to buy national bonds issued by the court, they will definitely worry that the purchased national bonds will become a piece of waste paper.
After all, throughout history, during the Xia, Shang, Qin and Han, Five Dynasties and Ten Kingdoms, Sui Dynasty, etc., regime changes occurred every once in a while, especially during the Five Dynasties and Ten Kingdoms period, regime changes were very frequent.
As ordinary people, who knows whether the Tang Dynasty will become extinct next year?
If it goes extinct next year, all the hard-earned money I have saved will be lost!
"In the final analysis, it still lacks credibility."
Muchuan sighed.
Ouyang Bufan can also understand Muchuan's thoughts. Worrying about the insecurity of money is indeed the main reason, but their household department really needs money very much, and as the minister of household department, Ouyang Bufan is very aware of the situation of the court.
The current Tang Dynasty is very stable in terms of economic level, military strength, and political center. It is impossible to suddenly become extinct under such circumstances, so buying national debt is actually a very cost-effective thing.
Ouyang Bufan had a businessman's sense of smell, so he said at this time: "How about we increase the interest rate!"
Everything in the world is about profit. When the profit is great enough, some people will naturally be willing to take risks.
Ouyang Bufan proposed to increase the annual interest rate of one silver tael from three to one hundred cents. If that was the case, many people would come to subscribe.
After hearing this, Muchuan was so angry that he slapped Ouyang Bufan on the head and called him a fool.
Raise three texts to one hundred texts?
Then what else would the court earn?
It’s a huge loss!
In the feudal dynasty, the CPI price inflation index among economic indicators was about 1%. If the economy was in turmoil, the price index would even drop to a negative number, showing a form of deflation.
This is also the difference between ancient times and modern times. In ancient times, silver and gold were used as currency. These are anti-currency products and are commonly used even in the context of war years.
The banknotes issued in modern times are endorsed by the state. If the economic situation is bad and the social order is turbulent, the banknotes issued will expand rapidly.
Muchuan referred to ancient and modern economic indicators, and based on the current CPI of the Tang Dynasty, he set the interest rate for one silver tael to three cents.
That is an annual interest rate of 3%.
If one silver tael is exchanged for ten cents as Ouyang Bufan said, that is an interest rate of 10%. The interest payment alone would cost the entire court.
After Muchuan finished explaining, he yelled: "You are an idiot! Don't make any arbitrary decisions to increase interest rates!"
"I understand Master Mu..."
In fact, the reason why Ouyang Bufan mentioned this was because of his instinct as a businessman. Although one silver exchange for three cents seemed to be a good deal, it still did not attract him. After all, if he had money, he would definitely use the money to do business.
Only when one silver coin is exchanged for ten cents will he be allowed to purchase national bonds.
Little did they know that ordinary people were not Ouyang Bufan, and even one silver exchange for three cents was enough to attract them.
"The most fundamental issue now is to improve the court's credibility among the people, so that they can take the initiative to purchase national debt."
"Master Mu, what should we do..."
"It's very simple, launch a public opinion offensive."
There are many ways to enhance the credibility of the regime, such as improving the social environment, increasing the happiness of residents, and highlighting the great deeds of the court.
Coincidentally, the Tang Dynasty was the dynasty with the best public security among many dynasties, and this fact alone is worthy of publicity.
In addition, there was a bumper crop harvest last autumn, the country was rich in supplies, and the recent cultural exchanges had greatly defeated Goguryeo. These were all great deeds performed by the Tang Dynasty court.
"Bi Fan, spend some money to hire storytellers and idle staff, so that they can publicize more about the great achievements of the imperial court and the wise people on the pilgrimage."
"I see... Is this what Lord Muchuan meant by 'guiding public opinion'?"
"That's right, as a public official you have to learn these skills!"
Muchuan waved his hand helplessly, "Now that you understand it, act quickly and wait for your good news."
"I understand! Sir, I will do it right now!"
After finishing speaking, Ouyang Bufan left in a flash, his face full of joy.
The night is quiet, the moon and stars are sparse, the foreign palaces and gardens of Chang'an City.
In the wing room, the candlelight was dim, and two envoys from the Goguryeo Kingdom were gathering here.
"Damn it, I originally wanted to defeat the Tang Dynasty and give it to you as a gift, but I didn't expect that this minister of household affairs is so awesome!"
The person who spoke was none other than Wangyue Yihu.
At this time, Wangyue Yihu had a ferocious face, and it was obvious how much he resented Muchuan. If Muchuan had not ruined their good deeds, their envoys from Goguryeo would have returned home with great joy.
On the other hand, Kim and Hyun Bin were sitting on chairs wearing dark blue attire, seeming to be writing something.
