Chapter 356 The princes proposed, Fang Yuan objected
After Qing Jun came out, the world was shocked.
Not only the territory of Datang, but also surrounding countries were shocked.
At this moment, Western Turks, Xueyantuo, Tubo and other countries were all staring at the Tang Dynasty.
The vastness of the Tang Dynasty deeply attracted these countries, and they have always coveted the Central Plains.
After the Qing Jun side was brought up, Qi Wang, the fifth surname, spoke out for the first time:
"The emperor has no virtue and treacherous ministers are in power. From today on, the five surnames and Qiwang will stop using the seven-star banknote master and will no longer serve the court!"
This is the first time that Qiwang of the Five Surnames has taken action. After all, it was not Qiwang of the Five Surnames who openly proposed to Qingjun, but Qingshan in Qingzhou.
In an instant, the Tang Dynasty, which was originally uneasy because of the Qing emperor's betrayal, was completely boiling because of the actions of the five surnames and Qi Wang.
After Li Shimin and others learned about this incident, their first reaction was to find it ridiculous.
The seven-star banknotes themselves were launched by Wu Xing Qi Wang. If they are deactivated, Wu Xing Qi Wang will also suffer losses.
But soon, problems appeared.
As Wu Xingqiwang stopped using seven-star banknotes, private shops began to refuse seven-star banknotes.
In an instant, the seven-star banknote representing money became a piece of waste paper. It could not buy anything and had no value anymore.
And some people exchanged all their worth for seven-star banknotes, and they went bankrupt in an instant, and even food and drink became a problem.
If a person is broke and has no food to eat, it’s okay.
A hundred people are broke and have no food to eat, that’s fine.
A thousand people go bankrupt and have no food to eat, that’s okay.
But when 10,000 people have no food to eat, things begin to change.
"So that's it, that's it!"
"What a cruel Wu surname Qi Wang, no wonder I didn't spare any effort to promote their banknotes before!"
After Li Shimin realized the seriousness of the matter, his face became as ugly as possible.
He summoned the ministers to come for discussion, including Fang Yuan, because now only Fang Yuan, the Minister of Household Affairs, made the decision.
"His heart is sinister!"
"They vigorously promoted the replacement of seven-star banknotes with copper coins, and 80% of the banknotes in the Tang Dynasty belonged to them."
"Now, the seven-star banknotes are declared invalid, and the responsibility still lies with our court. It is really sinister!"
Changsun Wuji and others shouted that they were innocent, their faces turned red with anger.
The fault was caused by Qiwang of the fifth surname, but the court had to pay for it.
Small problems can be solved easily, but the promotion of seven-star banknotes is so big, how can we deal with it?
"Your Majesty, this matter is far more terrifying than the Qingzhou Rebellion. It will affect the entire Tang Dynasty!"
Fang Xuanling said in a deep voice.
If you can’t use the money, you will naturally have nothing to eat.
Without food, the only choice left is to rob or be robbed.
After all, not everyone has land to cultivate food.
"What are the countermeasures?"
Li Shimin said in a deep voice.
How could he not know the seriousness of the situation?
As soon as he learned the news, he summoned the ministers to come over for discussion, because he understood the seriousness of the situation.
"Your Majesty, how about replacing the seven-star banknotes with Tang treasure banknotes?"
"Anyway, the Tang Dynasty banknotes are also printed, so replacing them will not have much impact, and we can use this opportunity to replace the seven-star banknotes."
Wang Gui suggested.
As he said that, he looked at Fang Yuan aside.
Including Li Shimin, they all looked at Fang Yuan.
Replacing the seven-star banknotes with Tang Dynasty banknotes seems to be a good method.
But everyone felt that they should look at Fang Yuan’s opinion, after all, it was Fang Yuan who proposed the concept of banknotes.
Now that there is a problem with banknotes, I naturally think of Fang Yuan and see if Fang Yuan has any ideas.
"No!"
"With the thunder of seven-star banknotes, Tang treasure banknotes will also be suspected by the market, and many merchants will not dare to accept banknotes."
"Next, countless people will exchange banknotes for copper coins. Our copper coin reserves are too small. Printing banknotes on a large scale may cause a credit collapse!"
Fang Yuan shook his head and said.
In fact, inflation and reserves are something that I only know a little about.
But we know that blindly printing money will never bring good things, and will cause the paper money system to collapse.
"Don't dare to accept banknotes, the court strictly orders that you must accept them!"
"The reserved copper coins are not enough, we can just make more copper coins!"
Wang Gui thought for a while and continued.
He felt that as long as the court wanted to do it, there was nothing it couldn't do.
Unless there is a big family, like Wu Xing Qi Wang, who intervenes.
"First, there is a saying that may not sound good, but it is true. If the mountains are high and the emperor is far away, shops close to the imperial capital may listen to the imperial court, but what about those farther away?"
"Second, it costs money to make copper coins, and it costs money to print banknotes. If we just want to print them out to replace the banknotes of the five surnames and Qiwang, how many banknotes do the five surnames and Qiwang have?"
Fang Yuan retorted.
Wang Gui opened his mouth, but this time he did not refute.
Li Shimin and others frowned even deeper, extremely fearful of Fang Yuan's second point.
The deactivation of seven-star banknotes was caused by Qi Wang, the fifth surname. God knows how many banknotes he had.
If we print money instead of seven-star banknotes, we will send a large amount of copper coins to the five surnames Qiwang.
Not only did they use the seven-star banknotes to harvest a large amount of copper coins, but now they are printing and creating money, and they have reaped all the benefits.
"The method mentioned by Wang Xiang does have problems, but at present, it is no solution."
"I think that printing a large amount of banknotes and making a large number of copper coins will change the market status quo in the early stage. We will promote paper money and recycle copper coins in the later stage."
"It just takes some time. For us, in the long run, the benefits outweigh the disadvantages!"
Changsun Wuji said in a deep voice.
Everyone listened, some pondered, and some nodded.
Manufacturing banknotes and copper coins requires a lot of costs, but these costs can be paid with the manufactured banknotes and copper coins.
As long as the situation in the early stage is stabilized, after the Tang Dynasty treasure banknotes replace the seven-star banknotes in the later period, money matters will be decided by the court, and the court will print as much as it says.
It’s just time, the empire has plenty.
"No, in the long run, it will still do more harm than good."
"Whether it is printing a large amount of paper money or making a large amount of copper coins, it will bring about inflation problems."
"With more money in the world, goods will depreciate. What originally cost only one yuan to buy may end up costing a hundred yuan."
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Fang Yuan said in a deep voice.
Inflation will bring a big crisis to the empire.
Especially in this small-scale peasant economy, where it is difficult to make money but large purchases are required, the impact is even greater.
"What does inflation mean?"
Changsun Wuji frowned and said.
Li Shimin and others also looked at Fang Yuan, unable to understand the word.
But I can understand it a little bit with Fang Yuan’s explanation later, but I just don’t think it’s a big problem.
"That's the explanation I gave later."
"Inflation will have a great impact on people and society."
Fang Yuan said in a deep voice.
"Since the harm outweighs the benefits, is there a better way?"
Li Shimin believed in Fang Yuan.
But this is not important, what is important is the solution.
"There will be nothing we can do for a while."
Fang Yuan shook his head and said.
Things happened too fast, and there was no time to react. There was no good way.
"Since there is no good way, shouldn't we consider the method I just mentioned?"
Wang Gui interjected.
By default, whoever proposes a solution will be allowed to operate it.
This kind of job, related to the production of banknotes and copper coins, is a big job and a rare good job.
Naturally, Wang Gui is not short of money, and he will not give up for money, but the Wang family is so big, not everyone is like this.
Wouldn’t it be nice for someone under your command to do such a beautiful job?
"I object!"
"It is recommended to take a long-term approach and do not rush to make a decision at the moment!"
Fang Yuan said in a deep voice again.
The matter is so important that it would be too hasty to decide in such a short period of time.
Li Shimin frowned and considered whether we should discuss it again.
"Your Majesty, we have time, but the people of the world don't have time."
"Two days have passed since we learned the news, and it will take several more days to spread the news to all places."
"If you don't have food for a day, you may cause trouble. If you are in panic for so many days, who knows what will happen."
Chang Sun Wuji interjected.
He was dissatisfied with Fang Yuan, and when he saw that Li Shimin was biased towards Fang Yuan, he immediately spoke out.
"Then let's do it according to the wishes of the king."
"Prime Minister Wang, you are responsible for this matter. Prime Minister Fang and Wuji will cooperate."
Li Shimin pondered for a moment and made a decision.
Indeed, you can wait, but the people of the world cannot wait.
There are problems with Wang Gui's method, but the problem Fang Yuan said is in the future.
Then solve the immediate problem first, and wait until later to solve the problem raised by Fang Yuan.
"I obey the order!"
Wang Gui and the others immediately responded.
Fang Yuan frowned and did not object again.
He has no better way, and his words are slight.
I just hope that the five surnames and Qi Wang will not use their banknotes to exchange for Tang Dynasty treasure banknotes, and then exchange the Tang Dynasty treasure banknotes for copper coins.
If this is really the case, it won't be long before the court will face a crisis, money will no longer be valuable, and copper coins may be used up quickly.
The meeting adjourned and everyone left.
After leaving the imperial study, Fang Yuan did not go to the household department, but left the palace.
He wanted to personally see what happened after the seven-star banknotes were discontinued and see if the news had spread.
When he first came out of the Suzaku Gate, Fang Yuan didn't feel anything, but as he moved away from the Suzaku Gate, he felt a difference in the atmosphere.
"Sorry, our store does not accept seven-star banknotes!"
"I'm sorry, our store doesn't accept Datang Baochao, we only accept copper coins!"
Fang Yuan heard similar words several times.
The Seven-Star Banknote has been completely discontinued, and even the Seven-Star Bank does not know when it will be empty.
Datang Baobao is okay, but a few stores don't accept it. Most stores still accept it, but I find that they are hesitant when collecting money.
When Fang Yuan arrived at Huaxia Bank, Fang Yuan found that there were several long queues. After asking around, he found out that the banknotes were exchanged for copper coins.
Judging from the scene, more people will come to redeem.
The news of the discontinuation of seven-star banknotes has spread throughout Chang'an City.
As soon as the news reached Li Shimin from outside, the people of Chang'an City knew about it.
It can be seen that there are also people controlling this.
"Hey, can your Huaxia Bank hurry up?"
"Are you also going to stop using Datang Baobao?"
"Can you hurry up? Believe it or not, I smashed your shop?"
People in line were restless, urging Huaxia Bank to hurry up.
Although the staff of Huaxia Bank wanted to hurry up, the procedures for exchanging banknotes for copper coins were quite slow every time.
It is necessary to distinguish the authenticity, etc., and also set the difficulty of redemption, etc., so that fewer people come to redeem.
"Everyone, please be patient!"
"I am Fang Yuan, and I promise everyone that Tang Dynasty treasure banknotes can be exchanged for copper coins. Please don't be impatient!"
Fang Yuan sighed in his heart.
Stand up and appease everyone's emotions.
After receiving Fang Yuan's personal promise, everyone's mentality relaxed a lot, and some even chose to leave.
Because there were too many people at the scene, they might not be able to get to them even if they waited until dark.
But there are still many people queuing up, and there is a steady stream of people coming to queue up.
When Fang Yuan saw this, he stopped trying to comfort him and left the bank.
Not long after, an announcement from the court appeared.
The announcement is longer, with a lot of comforting space.
But there are two main contents: seven-star banknotes can be exchanged for Tang Dynasty treasure banknotes, and Datang treasure banknotes can be exchanged for copper coins.
As soon as the announcement came out, a lot of the dark clouds hanging over people's hearts finally disappeared, and they shouted long live the imperial court.
Ordinary people whose worth was all seven-star banknotes were so excited that tears filled their eyes and they quickly ran to Huaxia Bank to exchange them.
"See, the true method is practical."
After Wang Gui learned about the situation, he laughed and ordered someone to inform Li Shimin in the palace.
Li Shimin finally breathed a sigh of relief after learning about the response, but his face quickly darkened as he considered the issue of Five Surnames and Seven Hopes.
Just when Li Shimin, Wang Gui and others felt that the new method was useful, Huaxia Bank faced the most difficult period in its history.
There was an even larger queue at the entrance of Huaxia Bank, five times that when Fang Yuan was there, with as many as five to six thousand people, blocking the streets and making the speed even slower.
The reason for the slower pace is that people holding seven-star treasure banknotes came to exchange for Tang Dynasty treasure banknotes. After exchanging Datang treasure banknotes, they immediately took the Datang treasure banknotes to exchange for copper coins, so that the flow of people barely moved.
Soon, new problems appeared.
Huaxia Bank's banknotes were quickly exchanged, and all the copper coins were exchanged.
The number of people queuing up at the entrance of Huaxia Bank was not less, but actually much more.
The imperial court is printing and creating money at a rapid pace, but it does not mean that everything is there.
But the people in line didn't care about these, thinking they were all excuses, and became even more agitated.
What happened at the entrance of Huaxia Bank quickly reached Fang Yuan’s ears.
Fang Yuan ignored this and ordered someone to pass the news to Wang Gui.
"Didn't I say it can be redeemed?"
"Why are everyone so anxious to be reincarnated?"
Wang Gui said speechlessly.
Immediately organize manpower to promote and appease.
Actions play a certain role, but compared to the huge crowd, they don’t seem to have much effect.
At the same time, new problems await Wang Gui and Li Shimin.
"Oh, the court's response is really surprising."
"In that case, let's continue printing seven-star banknotes and use our waste paper to exchange for copper coins."
"There is no need to add complicated defenses. They don't know our technology anyway, even if they find it is a pile of fake money and waste paper."
"Li Shimin must regret introducing this method, God help me!"
Somewhere.
People with the surname Wu Qiwang are having a meeting.
They are some of the senior officials who stayed in Chang'an City.
Act on behalf of each clan leader and cooperate with their clan leader.