Under the insistence of Edishir, the happy teacher game began soon.
Of course, Yiwen Ian did not play any extremely shameful teaching games with Dragon Girl, nor did he "get after class" after school, but honestly taught Edhiel a month's class.
To be honest, Yiwen Ian is not a good teacher, and he has no much teaching experience at all. In addition to letting Adeshill read books, he usually talks wherever he thinks. However, Yiwen Ian is a little perfunctory, but he can't resist Adeshill is a good student who is loved by everyone. His skills in previewing and reviewing are very solid. In addition, Yiwen Ian's very vivid lesson explanations in class, he has made great progress very fast.
Now after one month of teaching by Yiwen Ian, she can understand most of the terms and nouns mentioned by Yiwen Ian and ask some of her own understanding and questions.
When Ian asked why he was so adapted to this casual teaching, Adesh seemed a little surprised-
"When I was in the palace, the masters taught this way?"
Yiwen Ian, who reacted, had the urge to cover her face-
He actually forgot that before he founded the school, there was no concept of standardized teaching in this world. Even the princess, who was the royal family of Nanling, would be better than teachers, and there was no concept of system or system when receiving education.
On the morning of the sun and sun (Tuesday), the teaching of semi-working and half-study in the Duke's Mansion was still continuing.
Because Adeshill also understood all kinds of rare imperial vocabulary on the documents, and had the foundation of thirty years of Nanling court education before, so in recent times, Yiwen Ian has let her deal with the general documents.
It was both a school exam and a hard work, and the result also made him very satisfied.
,
In the newly repaired study, Adeshill sat behind the desk to correct documents. Her pen tip stopped in front of her for a moment on the decree that would attack the private casting of copper coins. Suddenly, she raised her head, pushed the new glasses on the bridge of her nose, and looked at Yiwen Ian.
"Master Yiwen Ian." Adeshil once planned to call her de facto teacher Yiwen Ian "teacher", but at Yiwen Ian's insistence, he still used the term "master" commonly used by the secretary/lord and auxiliary officer. "You have told me about the issue of seigniorage before, but I still don't know much about it... How did this decree become the most basic step in the industrialization process of Rose County?"
"Um..." Yiwen Ian was leaning on the thick back of the chair, behind the girl, looking at her through her snow-white neck to process the documents. But now when she asked this, he couldn't help but stand up, "Seign tax... Actually, this is just the first step in the operation of the entire economy. Adesh, do you still remember the seign tax - that is, the definition of the interest rate spread of coin?"
Edishir just recalled a little and answered smoothly: "Secretary tax refers to the profit or income obtained by the currency issuer during the process of minting and issuing currency, which often refers to the difference between the actual value of the precious metals contained in the currency and the face value of the currency, so it can also be called the interest rate spread of the currency."
"For example, the actual value of the high sterling silver of the Imperial Silver Coin is usually around 10 grams of pure magic silver, while the actual weight of the Imperial Silver Coin is 9 grams. In addition to the processing value, the difference of more than 1 gram is also the privilege of seigniorship tax that the royal family has."
"That's right." Yiwen Ian nodded, "It can be said that in the empire, seigniorage is a privilege exclusive to the emperor. Any act of privately minting coins will be sentenced to death once it is found. In fact, because of the magic marks imposed in silver coins and gold coins, except for a few mages, ordinary nobles have no ability to mint them. As mages, the profits obtained by processing some magic items are far greater than the sweetness brought to them by the interest rate spread of coin."
In fact, according to Wen Ian's explanation, some omitted. If the material consumption generated by the failure to make magic props is included, not all mages will be unmoved by the interests of minting currency. And if the alchemy of truth is used, then the other common substances such as iron and earth are directly converted into heavy metals such as silver and gold. The high profit gap among them is enough to make ordinary alchemists take risks.
However, the high radioactivity of the Truth Alchemy metal will be found in any slightly larger store in the Empire. The prices of the alchemy silver with strong radioactivity are almost completely different from the silver extracted from the original ore and the high-purity magic silver extracted using spells.
The former is an alchemy/industrial metal with strict and limited use conditions, while the latter is the silver metal used and contacted by the empire in daily use and contact.
So to sum up, it was not the case that private coins in Europe in the medieval European life, and bad coins drove out good coins in the same empires that were relatively backward in industry.
"However, because of the Nanling Mountains between Nanling and the Empire, the tentacles of the Empire Mint were firmly blocked north of the Nanling Basin. The gap of tens of billions of silver coins in the entire Nanling Mountains could not be transported to Nanling through airships. So the emperor gave us the right to mint silver coins for silver coins, but because he was worried that our Silver Rose family would secretly increase the amount of coins and disrupt the circulation market of the entire Empire's silver coins. Therefore, the royal family only allowed our Silver Rose family to mint black silver coins with low silver content - and this is the origin of the Nanling Black Silver Coin. I believe you know it very well."
"But due to the war, the silver rose family's coin minting situation has always had a very serious problem - the income is not enough, the more you make it, the more you lose." Before Yiwen Ian, Feldnan had no idea about the economy, and had the coin dividends that made countless nobles who knew merchants jealous, but instead surrounded himself deeper and deeper. When he thought of this, Yiwen Ian couldn't help but sigh. His father was not good at it, and he, as a son, could not scold him. "The exchange ratio of the black silver coins to the imperial silver coins at the beginning was 1:3, that is, an imperial silver coins had the silver content of three black silver coins. But later, with the outbreak of the war with you Nanling Restorationism and falling into the war, the Nanling silver coins were constantly depreciating under the suppression of some people who were interested, and finally reached the amazing cheapness of the 5:1 imperial silver coins. What is this? You can calculate it yourself."
"Um..." Adeshill, who had been listening quietly, couldn't help but ponder: "A 9 grams of sterling silver empire silver coin is equivalent to 10 grams of silver metal, while a sterling silver coin has 3 grams of sterling silver, but only has a market value of 2 grams of silver. In other words, does the Silver Rose family lose nearly 1 gram of sterling silver for every mincing silver coin in silver?"
Yiwen Ian spread his hands, but said a secret from the Duke's Mansion that almost no one knows from the outside world: "So nine years ago, I took the lead like this, cut off all my father's financial advisers in one go, and got my father's approval." At that time, almost everyone was confused by Feldnan's series of killing old ministers and helping his young son to the throne, and could not understand it, but they did not expect that there was such a connotation.
"That group of waste, whether it's not realizing it or intentionally misleading it, it's damn." Yiwen Ian was ruthless in his evaluation of the dead consuls, because these guys Nanling lost tens of thousands of silver coins per year on average. If Feldnan hadn't been strong enough in military terms, he wouldn't know how the Silver Rose family persisted until he came back.
"So after I took over the management of coin management and the commercial management of the territory, since I realized that there was such a mystery, I began to plan this money-making plan." Yiwen Ian said lightly.
"Have you only talked to the emperor of the Empire before?" Adeshill was quite impressed by the several major moves of the Silver Rose family.
Any dangerous actions of the Silver Rose family will cause chaos in Xinlong Song City.
"Actually, His Majesty the Emperor didn't know what I was going to do at that time." Yiwen Ian spread his hands and smiled. "The emperor's nephew's identity is still very useful. At that time, my father said he would entrust me with the right to mint coins. His Majesty the Emperor agreed without thinking so much."
"Then next, you use... well... 'wool shearing' technique to trick the nobles of Quannanling and the speculators of the empire?" Adeshel recalled the records he read in the book Middlel, the president of the Flower Bank.
"It's a very simple method, isn't it?" Yiwen Ian's tone was a little happy. The pleasure of a counterattack remained in his mind. "These vampire nobles and speculators' techniques are just like this: buy high and buy low, sell high-priced silver dollars to us in exchange for imperial silver coins; then wait until the new round of depreciation of the Wuyin coins begins, and then use the imperial silver coins to buy cheap Wuyin coins, so that the circulating silver coins in Nanling can keep the silver coins in Nanling deflation and enter a state of inadequate income, so as to suppress the operational work of the entire Nanling merchants; finally, after the currency in Nanling further deflation, the black silver coins he got used to speculate on the silver market in Nanling, making the silver price still high, and our Silver Rose family was forced to obtain silver from their hands - the Empire, and repeat the initial cycle."
"If this continues, the entire Nanling will be squeezed dry by these bastards."
Ein Yian's words drove Adeshill's imagination. The reason why Tongcoin replaced barter trading in the market was that the convenience of the currency could greatly reduce transaction costs. The lack of currency on the market would only increase the transaction and circulation costs of transaction goods, resulting in the destruction of the entire Nanling rural commercial market due to the loss of liquidity. In this way, it gradually faded into a self-sufficient small peasant society, and the blow to Nanling was unimaginable.
She couldn't help but shivered. Such Nanling was almost a rebellious act against the entire Nanling civilization.
After thinking it through, Adesh couldn't help but feel deeply grateful-
Fortunately, Yiwen Ian slapped these blood-sucking insects hard.
"So when I made a noise in the market again and planned to set up a new financing channel by establishing Citibank, these blood-sucking worms who had already sucked their fat intestines were simply overwhelmed. You should know that the inflation rate of precious metals is limited. According to their previous arrangements, the top-notch profit is only about 10% of the gross profit, and Citibank directly gave their net profit of 8%. In addition, the profit they could get from returning to use this 108% principal and interest to absorb Nanling's financing Tongcoin, at least more than 20% (note)."
Note: Including the benefits that can be obtained after the further depreciation of the Nanling silver coins.
"But there is one risk that only a very small number of them will realize." Yiwen Ian raised a finger, "Two years, this is the minimum exchange limit given by Citibank. Their principal and interest funds cannot be obtained immediately. If something happens in the meantime, it will make them unable to cope. This is what worries these people the most compared to their original model."