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Immortal Master Chapter 22 The Benefits of Immortal Money

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    Judging from the performance of Wang Anshi and Cai Jing, they have always believed that they have mastered the magic strategy to enrich the country and strengthen the army, and they also have a set of financial theories to support their beliefs.  Because of the power of the state machine, some people will always mistakenly believe that the government is omnipotent.  When they encounter economic problems, they often cannot help but look for solutions at the government level.  This is what Wang Anshi¡¯s reform was like. The measures he took were to let government officials do business, work hard to increase taxes, strengthen household registration control, etc.  This theory can not only confuse the young and successful emperors, but also make them obsessed with it.  Even if the fact that the world is suffering is in front of them, they will still firmly believe that they are ahead of the times and will not have any regrets.  Relatively speaking, in ancient China, the development of economic theories that limited government power was slightly behind.  Confucian scholars such as Sima Guang refuted Wang Anshi and Cai Jing, and the only theoretical weapons they used were the traditional Confucian ethics of "not competing with the people for profit" and "the laws of the ancestors are immutable."  Such statements are naturally despised and ridiculed by Wang Anshi, Cai Jing and others who think they have mastered the ancient magic.  In Wang Anshi's view, this is a sign of being conservative and not being flexible.  Wang Anshi even advocated for this reason: "There is no need to fear the changes of nature, no sympathy for the words of people, and no respect for the laws of the ancestors." This famous saying has been continuously quoted by future generations.  It¡¯s like Bernanke¡¯s big money printing in later generations is comparable to Cai Jing¡¯s ten-dollar bill.  Ordinary people's property has been damaged because of the Federal Reserve's excessive currency issuance, but these petty grievances naturally do not take Bernanke's attention.  What he saw was the Federal Reserve¡¯s war against ¡°deflation.¡±  He firmly believes that the Fed's money printing is the magic weapon to rescue the economy from the quagmire.  Supporting his conceit are many theories of government intervention, including Keynesian theory.  But almost everyone from the later dynasties knows that the government intervenes in the economy.  What consequences will there be Wen Fei silently thought about the information he just read last night. He was not an economics major.  Although it seems that when I was in school, I might havestudied a few books of political economics, but the contents seemed to have been returned to the teacher long ago.  So it was difficult for him to say anything more, but he vaguely felt that Cai Jing was right to treat it as ten coins, but there was something wrong with it It can be said that a piece of paper in later generations can represent currency.  Even the money placed in the card does not even need paper and still plays the role of currency.  therefore.  Wen Fei didn't think there was anything wrong with paying ten coins. Anyway, he still had three coins of copper "I'm going to introduce someone to Father Shang, Zhong Hao, come in!" Cai Jing shouted.  A low voice came from outside.  There is a scholar in blue robe.  Enter slowly.  He bowed to Wen Fei and Cai Jing and said, "Greetings to Shangfu, to my husband!" "This is" Wen Fei asked.  "This is He Huan and He Zhonghao," Cai Jing said with a smile: "Speaking of which, I thought he was one of your men at first! At that time, he brought your colored ball to see me, and he really shocked me!"  He Zhonghao knelt on the ground with a thud, but this time Wenfei was startled.  But he heard He Huan say: "Father Shang is my benefactor, please accept Zhonghao's respect!" Wen Fei quickly grabbed He Zhonghao.  Asked: "What's going on?" This is not the Qing Dynasty who likes to kneel down at every turn, except for the parents of gods.  It's rare to kneel down like this.  He Huan said honestly: "Zhonghao was originally just a poor scholar who lived in a monastery and was ignored and looked down upon. Thanks to Shang's father who sent money and colorful balls, Zhonghao was able to escape from poverty and concentrate on studying  ¡­¡± ¡°Oh, once you say this, Wen Fei understands.  This was the kind of move that Wen Fei did at that time to win people's hearts.  All loyal ministers, filial sons, and scholars who study hard in Tokyo City.  Anyone who inquired about it would be given some money and even colored balls to encourage people to go to the Crystal Palace to listen to sermons.  These methods are almost the same as those used by later merchants.  However, when implemented in another way, the effect is ridiculously good.  After all, everyone knows that business methods are just to make money.  But when it comes to religion, I don't know how many devout believers have been bought for Wen Fei's Taoism Even He Zhonghao in front of him is a beneficiary, to put it bluntly.  If He Zhonghao succeeds in the imperial examination in the future, will he study Wenfei well?  Will it facilitate Taoism in the future?  One or two such people seem to have no effect.  But it has been implemented for many years.  That¡¯s incredible!  But, why did Cai Jing call this He Zhonghao here?  Is it related to the topic they are talking about now?  When ten cents?  "At that time, Zhong Hao brought Shang's father's colored ball to my door to ask for a meeting. If it hadn't been for the colored ball, I might not have been able to meet such a great talent as Zhong Hao!" After saying this, Cai Jing laughed.  Wen Fei looked over and saw old man He ZhonghaoGive Wen Fei a real gift again.  Then he said: "You are arrogant and acted recklessly with Shangfu's token. Please don't blame Shangfu!" Then he told the story in detail. It turned out that He Zhonghao met Immortal Qian that day.  This person is not the kind of person who studies hard, but the kind of scholar who really thinks about how to help the world and save the people.  After seeing the immortal money, I immediately thought of the ten coins that were bustling in the market and causing great turmoil.  Think this is a great opportunity.  He is just a poor scholar. No one knows whether he will pass the imperial examination in this life.  But this is a huge opportunity, and wealth can be found in danger.  So after hearing the sermon directly in the Crystal Palace, He Huan and He Zhonghao went to see Wen Fei the next day.  ¡°It¡¯s a pity that Wen Fei was busy collecting thunder energy at that time.  I was attacked by Grandma Hu again, and then I went to understand the state again, so I was very busy.  He Huan had no choice but to grit his teeth and go to see Cai Jing with the colored ball.  Originally, this colored ball was not a token, after all, so many were distributed.  But He Huan gritted his teeth and actually got Cai Jing's summons.  "It's not enough to treat ten coins. The most important thing is that there are too many stolen coins in the world, and there is no way to kill them." He Huan said: "Secondly, the people don't believe it. It is obvious that three coins are exchanged for ten coins. But Zhong Hao  At that time, I saw that this immortal coin" As he spoke, he took out an immortal coin from his sleeve, placed it gently on the table, and said, "Although I don't know what it is made of, it only weighs five coins.  Around. But it can be exchanged for fifteen thousand dollars" Hearing this, even Wen Fei was surprised: "What? One immortal coin can be exchanged for fifteen thousand coins?" This price was beyond Wen Fei's expectation.  .  No wonder everyone who was rewarded just now is so happy Speaking of which, Wen Fei first got the gold leaf, but the last one was copied to around Qian Guan.  Wen Fei was shocked, but that was a limitation of the craft after all. Many people said that it was Shang's father who turned ordinary leaves into gold, turning ordinary leaves into royal ones.  Many people want it and regard it as a magic weapon.  "But what Wen Fei didn't expect was that this kind of immortal money cast in imitation of Yuan Datou could actually be copied into dozens of coins.  This question is no longer startling, but clearly the jaw is about to drop "Recently, being a ten-money penny has caused people to panic, and they want to spend their money one after another. Many people want to exchange it for this fairy money.  . Now this immortal coin has been copied to 50 coins!" Cai Jing said.  Now Wen Fei is completely speechless. No wonder later generations say what is the easiest business to make money?  finance.  Damn it, my privately issued fairy money is better than the government's legal currency, hehe Wenfei suddenly knew why Cai Jing was looking for him.  Surprised, he asked: "What does Cai Xianggong mean?" Cai Jing nodded and said: "As soon as Zhonghao came to me, I felt it was feasible. It was just that Shangfu was busy with things and went to understand the state. But he went there again  A trip to the northwest Speaking of which, I would also like to thank Shangfu for helping me renovate the salt pond in Jiezhou. Originally, Jiezhou's annual income was only two to three million. After Shangfu's care, his annual income now exceeds ten million.  , greatly easing the financial pressure on the court" Wen Fei didn't pay attention to what Cai Jing said next, he was just thinking.  Yes, yes.  The biggest difference between later currencies and this ancient currency is credit.  In fact, Cai Jing's idea of ??taking ten coins was right, but he just used the wrong method.  And the most important thing is that the currency of future generations must be supported by credit.  That is the storage of precious metals in the national treasury, and that is the credit guarantee of a country's government But Cai Jing does not have these at all, and more importantly.  Such credit currency cannot be issued at will.  There must be strict restrictions. Yes, in the economics I studied before, what is it called m1 or m2?  Anyway, there seems to be the simplest formula to calculate it. The amount of currency issuance is equal to precious metal reserves plus the number of circulation times.  If it exceeds this, the currency will depreciate and cause inflation Wen Fei thought for a long time and suddenly made a decision.  It seems that the currencies of Lao Ying are all privately issued, right?  The Federal Reserve in the United States is also private? ? So could the currency issuance in the Northern Song Dynasty actually be in private hands?  For example, yourself?  It¡¯s exciting to think about controlling the currency of one of the richest countries in the world.  The most important thing is that if the power of currency discovery is in the hands of the government, then when the government encounters a fiscal deficit, the first thought that arises is to increase the issuance of currency This will lead to the emergence of inflation This is the case in modern countries.  , not to mention the ancient court without moral integrity.  Wen Fei can be sure that the right to issue this currency is in the hands of the imperial court.  Then these people will not think too much at all. If they have the opportunity, they will try their best to discover currency The result will only lead to credit bankruptcy Just like the legal currency and currency in the Republic of ChinaGold yuan coupons are average It is said that with one hundred French coins, you can buy two cows at first, but in the second year you can only buy one chicken.  In the third year, I couldn't even buy an egg. In the fourth year, it seemed that the money to buy vegetables on the street was measured by the pound (To be continued)
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