Theoretically, the amount of currency to be issued should be determined based on the total demand for money in the market. The total amount of currency issuance should also be adjusted according to the actual needs of economic development. It cannot be more or less. Therefore, any currency system backed by real assets cannot
Adapt to the needs of the development of commercial society, because the supply of assets such as gold, silver, and Bitcoin is exogenous and cannot actively match the total demand for money in the entire society.
The credit currency system seems to solve the problem of the uncontrollable total amount of traditional physical currency issuance, but it also has a fatal flaw: the Lingshi Reserve Bank is also managed by certain interest groups and has its own interest considerations.
As Li Qingyang just said, all social crises are essentially financial crises and distribution crises, and distribution crises are theoretically unsolvable because every individual in human society hopes to be allocated more resources.
No distribution system can meet the needs of all social individuals, and certain trade-offs must be made.
Different human social systems are essentially different distribution systems. For example, the market economy provides a very cruel, but very perfect distribution plan:
Survival of the fittest.
Or to use Yang Lu's preferred term, that is, fools cannot be educated, but can only be eliminated.
If there were no market competition, no one would admit that they are a fool, and there would be no set of standards to prove that someone is a fool. However, the market tells everyone a very clear fact through price signals:
Who is the wise man and who is the fool?
It’s useless if you don’t admit it, because the market will vote with money.
However, as the core of the modern market economy, the central bank itself is the largest non-market institution.
Just like the earth's monetary policy experts like to talk about the independence of monetary policy, Li Qingyang can maintain the general fairness of monetary policy because he is a vested interest in the Lingshi Reserve Bank system. However, the distribution power brought by monetary policy authority is so huge
, so that no political organization will let it go.
Even on Earth, apart from the fact that the central bank likes to talk about the independence of monetary policy, governments of various countries are actually strengthening their control over the central bank and trying to use monetary policy to achieve their own political goals.
The same is true for the Wuliang Sword Sect.
If the Lingshi Reserve Bank really becomes an accessory of the Wuliang Sword Sect, a financial crisis is almost an inevitable result.
Thinking of this, Yang Lu did not ask Lin Jianxing what he wanted to do with Lingshi Reserve Bank, but asked directly: "Has the candidate for the next president of Lingshi Reserve Bank been decided?"
Li Qingyang sighed lightly and said: "I have already communicated with Lin Jianxing. My position will be taken over by Vice President Yuntianhua. In return, I will support Leader Lin in leading the reform of Zhongzhou's social security system. This is what I can win."
The best result.”
Yang Lu had also heard about Yuntianhua, the vice president of Lingshi Reserve Bank.
It has been more than five hundred years since the establishment of the Lingshi Reserve Bank. Even Li Qingyang, who was only in his twenties at the time, is now very old. The other Zhongzhou cultivators who followed President Lu Yang to conquer the world, except Mo Yunlan, successfully advanced to Yuan Dynasty.
During their infancy, most of the other people had exhausted their longevity and died, and only the vice president of Yuntianhua remained.
Yuntianhua is almost as old as Li Qingyang, but because he possesses the highest spiritual qualifications, he is now a late-stage Golden Elixir monk, and his lifespan is more than a hundred years longer than Li Qingyang. However, President Yun's financial theory level is very mediocre, not to mention that he is not as good as Li Qingyang. Even compared to Xu Yannan, he is far inferior. Moreover, he is a good old man who doesn't want to offend anyone. He is very good at making peace with others. He was able to get into the position of vice president of Lingshi Reserve Bank entirely because he is senior enough.
If Governor Yun has any merits, it might just be that he "very much admires Governor Lu".
Obviously, Yuntianhua is not a suitable candidate for the fourth president of the Lingshi Reserve Bank. At best, he can only be regarded as a sloppy and self-willed puppet president. However, he is indeed acceptable to all forces. Candidate.
First of all, he is a member of Mr. Lu's lineage and will not fall in love with Lin Jianxing casually; secondly, he has a softer personality and will not give Lin Jianxing any face like Li Qingyang; finally, Yuntianhua's lifespan is less than a hundred years, even if everyone is against him No matter how dissatisfied he is, the president of Lingshi Reserve Bank will be replaced in a hundred years.
Unless Governor Yun can explode in character and successfully advance to the Nascent Soul stage, it will be another story.
However, Yang Lu believes that the probability of Yun Xingchang advancing to the Nascent Soul stage is extremely low. Not to mention that advancing to the Nascent Soul stage is the biggest threshold besides ascension. The Wuliang Sword Sect has nearly 300 Jindan stage monks. , but there are only six Nascent Soul Ancestors. Even if Governor Yun’s character really breaks out, I am afraid that some people whose interests have been harmed will not sit back and watch him successfully advance to the next level.
Based on Yang Lu's understanding of Lin Jianxing, this person would definitely not hesitate to kill fellow disciples who threaten his power!
Because of this, Yang Lu believed that Yuntianhua was completely a transitional president and could not be called Li Qingyang's successor at all.
So he couldn't help but ask: "If Yuntianhua dies, who else can stop Lin Jianxing from getting involved in the Lingshi Reserve Bank?"
A trace of tiredness flashed in Li Qingyang's eyes, and he shook his head feebly: "I don't know... I don't even know if that guy Yuntianhua can survive his 100-year term."
"You are always a financial leader in the Jiuzhou cultivation world. Don't you have nothing to back up?"
Li Qingyang smiled bitterly and said: "You have to know that the Lingshi Reserve Bank was established not only because of the genius of President Lu Yang, but more importantly, it had the full support of Ma Tianyi, the head of the Wuliang Sword Sect at the time. Now Lin Jianxing has a deep prejudice against Lingshi Reserve Bank. I can barely maintain the current situation because of the legacy of President Lu."
Seeing Li Qingyang acting like "I'm almost dead anyway, I'll leave the mess to you", Yang Lu really didn't know what to say: "This... do you still expect me to turn the tide? "
"You are a devil from outside the world. If even the devil from outside the world cannot maintain the independence of the Lingshi Reserve Bank, it only means that the Jiuzhou cultivation world should have suffered this disaster long ago. Each generation has a mission, and I am just a bad product. The spiritual root cultivators are worse than you and President Lu. To be able to run the Lingshi Reserve Bank to this day is to have overfulfilled the tasks assigned by President Lu!" Li Qingyang has been in power for two hundred years, and is obviously not a compassionate Virgin White Lotus. When mentioning Kyushu He didn't seem to care about the rise and fall of the cultivation world, but was more concerned about the significance of Lingshi Reserve Bank as the legacy of President Lu Yang.
Maybe it's because of various auras.
Li Qingyang's image in the outside world is very majestic and upright, and he is an image of someone who dedicated himself to the people of Kyushu and died. But when he saw it today, Yang Lu felt that Li Qingyang was actually not that noble. Or in other words, the aloof Li Qingyang of the Lingshi Reserve Bank
In fact, he is just an ordinary person, not a saint in this world.
His attitude towards the fate of the people of Kyushu is probably that I try my best to do what I can, and if I can't do it, there is nothing I can do.
Just when Yang Lu didn't know what to say, Li Qingyang's expression became serious again: "Not to mention the future fate of the Jiuzhou cultivation world, I called you here this time to verify the hundreds of years of confidence in Governor Lu.
The second reason for speculation about your true identity is to see if you are capable of protecting that girl Qing Ning!"