Chapter 56 Don’t you take our ancestral precepts seriously? (Please read the month
Lao Zhu frowned and looked at Ji Boying seriously.
It can be seen from Lao Zhu's expression that he firmly believes what he said, there is nothing wrong with it and it is very scientific.
Ji Boying smiled. What he was waiting for was Lao Zhu's question. In history, the Hongwu Dynasty and Yongle Dynasty, Emperor Taizu and Emperor Taizong were all responsible for printing money. The money printing machines kept spinning day and night, lest they print money.
Not enough.
If you don’t understand the horror of financial beasts, you will suffer big losses sooner or later.
Then, he looked at the serving emperors on the seats.
"Yiyi, Bingyi, Dingyi, Wuyi, the four of you come and tell your ancestors the price of one stone of rice in your respective dynasties."
Lao Zhu was stunned, why should someone answer such a simple question?
Isn’t the price of one stone of rice just the same amount of money?
common sense!
Even the three-year-old kid on the street knows this!
Jianwen Zhu Laosi, who was first named, took a deep breath and looked at Lao Zhu.
"Father, ten guan notes can buy one stone of rice."
Before Lao Zhu could get angry, Lao Zhu Di from Yongle had already spoken.
"When I was in court, eighty guan could buy one stone of rice."
Xuande Zhu Zhanji frowned and looked at Lao Zhu.
"Reporting to Emperor Taizu Gao, one thousand guan of folk treasure notes can buy one stone of rice."
A thousand strings?
Lao Zhu, who was still astonished at the eighty-kilometer-square meter, suddenly became angry, slapped the Taishi chair fiercely and stood up.
"What kind of profiteer is this?!"
"We must skin these thieves!"
Ji Boying glanced at Lao Zhu, but there was something he didn't say: You are the biggest profiteer, and you are the kind who specializes in business without capital.
"Lao Zhu, don't get excited, sit down first."
As soon as the words came out, Lao Zhu also reacted and nodded quickly.
"Brother, don't blame me. We are just a little too angry. One stone of rice is asking for a thousand guan of treasure money. It is simply lawless!"
"Um."
Ji Boying nodded slightly, then looked at the emperors on their seats and said.
"This situation is called inflation."
"That is, under the conditions of currency circulation, the money supply is greater than the actual demand, and the purchasing power is greater than the productivity, leading to currency depreciation, which in turn causes prices to continue to rise."
"To put it simply, there is so much money that it is no longer valuable."
Purchasing power? Productivity? Money is no longer valuable? Can money still be valuable? What is the logic of this?
Lao Zhu's brows wrinkled tighter and tighter, and he felt his brain hurt a little.
The Ming Dynasty Baochao was a great masterpiece that he had racked his brains to come up with, and he had always been proud of it. Indeed, the emergence of the Ming Dynasty Baochao played a great role in the rapid recovery of national power in the early Hongwu period.
But this operation is tantamount to drinking poison to quench thirst, and consumes the country's fortune.
And what makes the people laugh the most is that you exchanged the money for the money in my hand, and then refused to let me pay taxes with the money. What is the difference between this and being a rogue?
"Brother, what should we do?"
Everyone else was also staring at Ji Boying, with expectations for the answer in their eyes.
In their respective eras, the rapid depreciation of Ming Dynasty treasure banknotes and the massive private banknotes were a huge headache.
In fact, by the Xuande period, the effectiveness of Ming Dynasty banknotes was almost the same as that of waste paper, and they were only maintained by the imperial power.
After all, it is legal tender issued by the imperial court, so you can’t deny it, right?
"Do you think this is a big problem?"
Ji Boying did not answer Lao Zhu's question immediately, but looked at the group of emperors.
Old Zhu Di nodded and answered first.
"The depreciation of treasure banknotes is indeed a big problem. If it is not solved, it will be left to future generations, which will be even more troublesome."
Ji Boying glanced at Old Zhu Di, if Xia Yuanji were here, he would definitely stand up.
Xia Yuanji: Your Majesty, why don’t you think it’s troublesome when you print money? No matter how hard you try to persuade that guy, he laughed so hard when he was printing money, and he waved a small whip behind me wantonly, and if he didn’t print money, he would whip me.
…
Xuande Zhu Zhanji sighed and took a deep look at Old Zhu Di, who had just spoken and was a few seats away. He wanted to say something, but he didn't know where to start. After all, he was the one whom Old Zhu Di said "left behind for future generations".
'That one's future generations.
In the 10th year of Xuande's reign, the Ming Dynasty treasure banknotes were so painful that dogs even used them to wipe their buttocks.
"Brother, since there is something wrong with the banknotes and it really doesn't work, when it becomes unusable, we will replace it with another banknote and start from scratch. Wouldn't that solve the problem of inflation?"
Lao Zhu spoke, and the theory became magical again.
This time, even his sons, grandsons, and great-grandchildren were stunned. Although he didn't know what was wrong with his ancestor's words, it always sounded like something was wrong.
"You want to imitate the yuan's currency changes? Don't you know that the yuan's currency changes lead to financial collapse?"
Ji Boying really wants to explain to Lao Zhu what Zimbabwe is.
"So serious?"
Lao Zhu's expression changed. He really hadn't thought about this, and he didn't expect it either.
"Um."
Ji Boying glanced at Lao Zhu and spoke calmly.
"The country will be destroyed."
As soon as the word "subjugation of the country" came out, Lao Zhu and Zhu Di, Zhu Gaochi and Zhu Zhanji frowned. The word "subjugation of the country" they heard today exceeded anything they had heard in the previous half of their lives.
"I'm here to ask you, forget it, let's just ask you."
"Wuyi, stop looking, it's you."
Ji Boying looked at Xuande and Zhu Zhanji who were looking around.
Emperor Xuande, who was suddenly called out, was stunned and then straightened his back.
"Excuse me, Immortal Master."
"During the Xuande period, the value of treasure banknotes depreciated a thousand times, and the people rejected them. How did the private sector trade?"
Emperor Xuande took a deep breath, first glanced at Lao Zhu, and then at Lao Zhu Di.
"It's okay, just say it, there are no grandparents in the classroom."
Ji Boying's guidance and encouragement.
Emperor Xuande swallowed, took a deep breath, and spit out two words.
"silver."
As soon as these words came out, Lao Zhu's expression changed instantly.
His national policies, his ancestral system, and his repeated orders that silver cannot be circulated among the people.
His grandma, these grandsons and great-grandsons, those who dote on eunuchs, those who dote on eunuchs, those who use silver, use silver, all of them don't take our ancestral precepts seriously? This is tantamount to a naked slap in our face!