"Old Bi, you can't do this. It's not my Lijiazhuang. You have to give me the collateral for the exchange coupons."

Li Yi looked at Bi Gou steadily, stretched out his hand and asked for something.

"What are you for?" Bi Gou looked down at Li Yi's hands, slender, suitable for playing the piano.

"Give me gold, silver, brass." Li Yi held it a few times in his hand.

"Why?" Bi Gou didn't want to give anything. No one had ever given anything to Lijiazhuang's exchange coupons before.

"You have taken advantage of it. You see that the exchange coupon is a cent, but it is actually in circulation.

Each time it is circulated, it will add a little tax. The more times it is circulated, the more tax it is corresponding.

Theoretically, it can get profits of its own value if it flows thirty times and taxes thirty times.

But the cost is not, I need to be transferred more than 300 times before I can make a return.

But I didn’t receive taxes, which is equivalent to the currency issued for you. Think about it, right?”

Li Yi was reasonable. Some people said at that time that the state would pay the money for issuing one-cent coins.

From a purely manufacturing perspective, it is a loss, but the taxes generated by a dime circulating again and again are far greater than their own value.

The most profitable thing is actually a one-yuan coin, which is far less worn than other banknotes.

Of course, the most cost-effective thing is digital currency, and the country saves money.

Then some of the costs are passed on to the people, who need to download the software and then pay with the software.

Is there a cost to purchase a mobile phone? Is there a cost to purchase a traffic?

There is no other traffic business, and you can pay for software, and the traffic at a time will cost about 20 cents. Even if the thing you buy is one yuan, the additional payment is 20%.

Unless the software that opens digital currency is free of traffic, it will reduce the country's currency cost and increase the international competitiveness of the country's currency.

Then let the national people spend additional traffic expenses. The expenses of this expenditure are considered subsidies to telecom operators?

As for other software, it is a commercial behavior, and it is a national behavior and cannot be confused.

At present, the cost of the Lijiazhuangzi issuance is higher than the face value.

If you can't make it back, you need financial subsidies from the court. Every time the currency is circulated, it has nothing to do with Lijiazhuangzi.

The taxes generated were taken away by the court, so you have to give them something, otherwise you won’t be able to issue the Tang Dynasty currency in the future, otherwise it will kill you.

Bi Gou grabbed the shredded scallions and shredded pork on the dried tofu and rolled it with chopsticks: "As you said, the money was circulating back and forth, and then the court collected taxes.

In this process, inflation is the same thing, with a large turnover rate, which means currency depreciation, right?"

Bi Gou felt that he had learned the essence, so it was so simple.

Li Yi still laughed: "Just as currency, every turnover involves taxation, but the currency face value has not changed, which is depreciation."

"But." Bi Gou understood and helped Li Yi say it out, and he knew there was a turning point.

"The circulation of currency involves productivity and production relations. Whether it depreciates depends on whether the currency's purchasing power for all products has decreased.

It turned out that I produced two stones of wheat per acre of land, twenty-five cents a bull of one bull, and twenty-five cents a pot of one karma.

Now I produce four stones of wheat per acre of land. According to economic laws, the price will inevitably be reduced, one bulldozh and twenty coins per bulldozhh and two hundred coins per bulldozhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

At this time, the currency did not depreciate, and its purchasing power increased, even if it was subject to taxes during circulation."

Li Yi gave the simplest example and told Bi Gou that taxes during the currency circulation cannot be calculated separately.

At the same time, the changes in national productivity should be calculated. Productivity is higher than the tax paid when currency flows, and the currency value increases.

"When the currency is issued with collateral as currency, the currency basically does not depreciate unless it encounters natural disasters throughout the Tang Dynasty.

But at that time, tax exemption and court monetary support could be provided, subsidies could be provided, and the value of the currency could be balanced again.

Lao Bi, don’t be afraid that there will be problems with the exchange coupons of Lijiazhuang. It’s impossible, because I will prepare as much collateral as I issue.”

Li Yi made it clear that the currency I issued was not a credit currency, but a leveraged exchange coupon for equivalent collateral.

It is called a redemption coupon, it is a redemption coupon.

Different from national credit currency, it is directly linked to physical goods.

Bi Gou started scratching his head. How could he get some money? It was so difficult to learn by himself? How much of it involves?

"Why should I give you money now? No, it's gold, silver, and copper?" Bi Gou finally returned to normal and found the key points.

"No, you just need to give me the same amount of tax exemption. I will buy the collateral myself by myself."

Li Yi shook his head again, Lao Bi, you still don’t understand.

"But I have always given you tax exemption. Now I feel that I can't bear your taxes anymore. You always find reasons to let me not charge you."

Bi Guanxiang got into Li Yi's head and then learned everything Li Yi knew.

"I have something new to take out and give it tax exemption." Li Yi nodded and whispered.

"Tell me something, otherwise don't think about it, otherwise I will hit me and die on the pillar of Baqiao. Do you believe it?"

Bi Goucai was not fooled. He was cautious, afraid of being plotted against by Li Yi.

"Where are you like this? You use your own life to threaten others, why don't you kill me directly? Anyway, you will die.

Anyone who threatens others with his own life is a weak person, and he is not afraid of dying. Why not kill his enemies together?"

"Then tell me what it is, I have lived enough." Bi Gou stared at him, as if I was about to die with you.

"You look at the time when you are here, and you always look at the watch. It's an electronic clock. I can't give it to you, let alone sell it.

Now we use hourglass and water leakage to check the timing, and look at the sun, moon and stars at the same time.

I have something, a mechanical clock, and calculate the clock made by the pendulum based on the latitude and longitude of our Chang'an.

The accuracy of this clock is different in different places. It is affected by gravity and the increase of steel that allows me to build an escapement.

I want to make a self-tone clock, and it’s time... It doesn’t matter, it’s mainly because it can time it.”

Li Yi threw out new technical products, Zhong.

The clock is difficult to make. In addition to the steel and escapement design, the local gravity acceleration problem must also be considered.

In the equator and Chang'an, swinging clocks will have deviations because the earth is not round, but elliptical.

The autobiographical angle of the earth must also be taken into account. If the pendulum clock has errors, it will become larger and larger, and it must be adjusted.

This is easy to solve for Li Yi. He has information to check and just adjust the length of the pendulum.

"How much are you going to sell?" Bi Gou looked up at the electronic clock. He knew that this thing was, and sometimes he came over to pair with his own hourglass.

"I want to build a bell tower for free to help everyone determine the time. In fact, the technology of the water armillary sphere is enough." Li Yi didn't say the price.
Chapter completed!