"What is inflation?"

Due to lack of public trust and collusion between superiors and subordinates, Jiang Ling can still understand the literal meaning, but she does not understand the inflation.

"Return to my lord."

"The meaning of inflation is simple."

"For example, if there were only 100 people in the Wei Dynasty, they could produce 10,000 flatbreads a year."

"Then the imperial court issues 10,000 treasure banknotes. Each treasure banknote is worth one big cake. In this way, the people can exchange one treasure banknote for one big cake."

"This is a reasonable thing. The treasure banknotes will not depreciate because of this, but will stabilize the value of the currency."

"But as the imperial court needed silver, it issued 100,000 treasure banknotes, which means that ten treasure banknotes can be exchanged for one big cake."

"However, the face value of treasure banknotes cannot be changed, and goods cannot depreciate. In this case, the currency begins to depreciate."

"Once the currency depreciates, the trouble it brings will be like a tsunami and landslide, causing a chain reaction in an instant. The most common one is panic selling."

"For example, sir, you are a cake seller. At first, you sold one cake for one treasure note, but you found that more and more people were buying cakes. Even a beggar had hundreds or thousands of treasure notes on hand.

And when you go to buy cakes with your precious money and find that you can’t buy them at all, what do you do?”

"Should we continue to sell at the original price, or simply not sell at all?"

Xu Shouyun gave a metaphor that was not particularly appropriate. After all, he was explaining finance to the ancients, so it was very troublesome to use the metaphor.

"Understood, inflation means that once the issuance of treasure banknotes becomes widespread, the people will not recognize it, so the value of the treasure banknotes will become lower and lower, and eventually they will turn into waste paper?"

Jiang Ling is not stupid and understands this truth instantly.

"Exactly."

Xu Shouyun nodded.

If you really talk about inflation, you can talk about it for three days and three nights, but the principle is very simple.

Currency is worthless because the 'gold standard' or 'silver standard' gives currency value. With long-term development, national credit is also included in the currency value.

Issuing currency is not a difficult task, a three-year-old can do it.

The leave slip is not just a certain currency. Some large companies have different leave slips. Whoever performs well this month will be issued two leave slips, exempting you from asking for leave and full attendance.

To put it more unpleasantly, the little red flower I went to school with is also currency in a sense, and whoever has more little red flowers can exchange them for fairy tale books.

With the help of this thing, we can improve everyone's positivity, study conscientiously, sleep when asked to sleep, sweep the floor when asked to sweep the floor, and show off your behavior.

But what is really difficult?

The difficult thing is ‘currency stability’.

If the right to publish is in the hands of individuals, wouldn’t it be a mess? If you don’t have money, just print. If the country doesn’t perish, who will perish?

"This is very simple. The Academy of Literature of the Wei Dynasty controls the printing rights of treasure banknotes and prints them according to the current situation of the Wei Dynasty."

Jiang Ling looked very calm. She thought it was some kind of trouble, but it turned out to be this.

"My lord."

"It's useless to let anyone come. Once currency is issued, it will be like a flood bursting its embankments. No one can stop it."

Xu Shouyun shook his head, this idea was too naive.

"You look down on the Great Wei Academy of Literature."

Jiang Ling couldn't help but refute.

"I'm sorry to say this bluntly, but I think too highly of the civil and military officials of the Manchu Dynasty, and I think too highly of the Empress of the Wei Dynasty."

Xu Shouyun lowered his head. He didn't want to argue.

But the matter is so big, if you really follow the leader's words and things don't go well, you will still be the unlucky one, so you just have to talk about the matter. If you really want to put yourself in the shoes because of this kind of thing, then Xu Shouyun has nothing to do.

"Empress of Wei?"

Jiang Ling couldn't understand now, why did it involve herself again?

"Sir, think about it."

"Where is there no shortage of money in the six departments? They say the control is strict, but how strict is it?"

"Let's talk about each department, assuming you are the emperor."

"The officials came to see you. The salaries of officials in the Wei Dynasty are very low. Now that you have money, do you want to increase their salaries? Do you agree or not?"

Xu Shouyun asked.

"Promise." Jiang Ling thought for a while, then nodded. It is also a good thing for officials to increase their salary. At least it can keep the bottom line of clean flow.

"Okay, 50 million taels of silver a year are gone."

Xu Shouyun spoke up. As soon as he said this, Jiang Ling stopped immediately: "Fifty million taels of silver? Why so much? I definitely won't agree to this."

"Sir, it's really not your turn not to agree. I just looked through it and found that there are 490,000 officials in the Wei Dynasty."

"Based on the average salary of these 490,000 officials, the annual expenditure is about sixty taels per person. After all, this is an increase in salary. One hundred taels per person is not excessive, and fifty million taels is not too much. This is because the Minister of Personnel is not evil.

”

"If you have a dark heart, and the court has money, should you prepare more food, rice, oil and salt for the holidays?"

"To be honest, if I were the Minister of the Ministry of Personnel, I would be ashamed of my status if I asked for less than 80 million taels of silver."

Xu Shouyun is very pragmatic. Don't mess with this or that. There are so many people eating with him. If you don't get some benefits back, how can you survive in the future?

"Keep talking."

Jiang Ling nodded.

"The Ministry of Personnel wants to take away 50 million taels, and the Ministry of Punishment wants 30 million taels, right?"

Xu Shouyun spoke up.

"What does the Ministry of Punishment want 30 million taels for?" Jiang Ling frowned. You said that the Ministry of Personnel would at least increase the salary of hundreds of officials. Is that reasonable? You, the Ministry of Punishment, are nothing.

"The Ministry of Punishment is in charge of all criminal cases in the Wei Dynasty, and the manpower and material resources required are not a small amount. What's more important is that the Ministry of Personnel took 50 million taels of silver and left. If the Minister of Punishment didn't take 30 million taels,

I can’t explain it to the people below.”

"To put it bluntly, if the people who work in the Ministry of Punishment go down there, if they are given enough money and have a comfortable life, they will not do anything illegal."

"Suppose you live a poor life and go to handle a case thousands of miles away. By chance, a rich man comes to your door and gives you three thousand taels of silver and asks him to do a favor. Will he help or not?"

"So the Ministry of Punishment wants to give it instead. After all, it represents the laws of the Wei Dynasty. No one can suffer from the Ministry of Punishment. Can we give these 30 million taels?"

What Xu Shouyun said makes sense.

"Give it, give it."

Jiang Ling sighed and agreed with these words.

"Okay, the Ministry of Punishment has given us 30 million taels. I, the Ministry of Rites, want 10,000 taels, which is not too much, right?"

Xu Shouyun continued to speak, but as soon as he said these words, Jiang Ling's voice sounded.

"What?"

"Your Ministry of Rites wants ten million taels? Why?"

Jiang Ling's voice was louder, and her eyes were filled with displeasure.

You talk about the Ministry of Personnel and the Ministry of Punishment, so forget it, but what kind of thing is your Ministry of Rites? You still need ten million taels of silver?

Go ahead and grab it.

"Sir, don't worry."

Xu Shouyun knew that the other party was in a hurry, but he still wanted to be patient.

"The Queen Mother's birthday is coming soon, and various countries are coming to visit. Now that the court has money, is it necessary to show off the spirit of a great country? Do you need to spend money on this?"

"Due to the emptiness of the national treasury, the scholars have not been paid any money for several years, which is not conducive to the development of the country, especially when it comes to the national destiny. Do we want to give these scholars some sweetness?"

"The total number of scholars in the Wei Dynasty is much greater than the number of officials. Each person spends an average of five taels of silver, which may add up to tens of millions of taels of silver."

"In addition to miscellaneous expenses, ten million taels of silver is not excessive. Of course, if you feel it is inappropriate, you can go less, eighty million taels."

Jiang Ling was very unhappy with what Xu Shouyun said.

"Then what can I say if I don't give it?"

Jiang Ling got angry.

"No? No, that's too easy. In less than three days, all the scholars in the Wei Dynasty will start writing essays."

"When the imperial court has money, it immediately raises the salaries of officials, but forgets about these poor scholars. This kind of country doesn't want to wait."

"Sir, how do you think His Majesty would deal with such rumors?"

Xu Shouyun is not lying, but stating the facts.

Jiang Ling was numb at this moment.

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Chapter completed!