Jiang Chen rolled his eyes at Pang Yu, "Pang Bantou has robbed Huang Wending of too much money. It looks like everyone is trying to rob people of their money." Turning to the other people, he said, "The so-called banknote method is definitely not just printing out a bunch of money.
For speculation, how to set quotas, how to make banknotes, how to sell them, how to recycle them, and how to use both banknotes are all principles. Just now, Pantou Pang asked how to get people to change banknotes, and those who paid money to buy banknotes could do it for nine cents and seven
Divide it into one or two, and you must use banknotes to pay taxes and fines, so the people naturally come enthusiastically."
He said that nine cents would be divided into one tael and seven cents, which would be a profit of three cents, and the price difference would be used to attract people to exchange.
Qian Bingtiu interjected approvingly, "Three cents of silver can indeed attract many people, but if all the people want to change it voluntarily, the first thing is that the Pu coins have a useable purpose. Only a small amount of paper can be used, and the craftsmanship and ink can be used to guide hundreds of lives."
Hundreds, but the stupid people regard it as a treasure, and get money for food and clothing. Why, as long as it can move up. Gai will definitely be happy to accept it, and the people will not doubt it, and it can be transferred and circulated." (Note 1: "Qian Bingtao" written by Qian Bingtao.
Money Bank Discussion》)
Pang Yu turned to look at Qian Bingjie. He couldn't tell that this person had such knowledge about money. Although it was only one aspect, he did talk about the key point of paper money, which was to use the court's credit as a guarantee.
Sun Linze said with some doubt, "Chu banknotes are soft and fragile things. They are just wood pulp with talismans written on them. They are completely useless. Who is willing to exchange real gold and silver for a piece of paper? Even if it is only nine coins.
Seven cents, its price is far more than Chu coins."
Jiang Chen retorted without hesitation, "It is indeed useless to talk about Chu Chao alone. To make it popular, the only way is to impose severe punishments and severe laws. It is not used in private transactions. If it is punished as illegal, it will naturally make the world fear it, but it is useless."
It can be made useful."
After thinking about it, Pang Yu carefully asked Jiang Chen, "Then what is the difference between this and the treasure notes of Taizu's time? In terms of harsh punishments, I'm afraid Taizu's time was much more severe. Why was the treasure note finally abolished?"
"The abolition of treasure banknotes is due to excessive issuance. Therefore, after a period of time, the folk silver has been exhausted, and excessive issuance is not allowed. Old banknotes can only be replaced with new ones. The total number of banknotes issued must be slightly consistent with the amount of silver and cannot be deviated.
Too much, this is based on the Song Dynasty naming method."
"Then how can Brother Jiang ensure that the imperial court will not send indiscriminate messages?"
Jiang Chen looked at Pang Yu, paused and said, "The total amount can be announced to the world when the banknotes are issued."
"Excessive issuance does not depend on whether it is announced or not, but whether the finances are balanced and whether the annual income and annual expenditure are roughly equal. There are slaves outside the court and rogues inside, which are rigid expenditures that cannot be delayed. Once the income cannot make ends meet, the excessive issuance of Chu coins
It's just printing more paper, which is a hundred times more convenient than our yamen collecting taxes from the bottom up. Why do the princes in the court give up the easy thing to the difficult thing?"
Jiang Chen said angrily, "How can the nobles in the court break their trust with the people of the world?"
Pang Yu did not chase after him fiercely. He smiled at Jiang Chen and said, "I naturally believe in the adults in the court, but the common people lack education and how can they understand the ethics of the adults. It's just that Chu coins are easier to issue indiscriminately, just in case.
As common banknotes become treasures, one stone and rice is worth dozens of banknotes, so Chu coins in the hands of the people continue to depreciate. No matter whether the adults issue more coins or not, if the people have such concerns, no one is willing to keep Chu coins, and naturally it will be difficult to circulate in the market."
Fang Yizhi saw that Jiang Chen's face was not good-looking, so he came in and changed the subject, saying, "When I was traveling to the south of the Yangtze River, I once heard Brother Chen Zilong talk about money. He said that money with different inscriptions is the most harmful thing. If you want money to circulate, all
It is necessary for officials to collect money from officials, just like what Cheng Zhicai said, taxes and punishments all need to be paid with money. Coins are blocked to hide millet and household goods, and there is no way to balance their weight. Paper is not money, but you can hold coupons to withdraw money. There is no way
The hard work of traveling a long distance brings great responsibility. In Brother Jiang's banknote method, how should we consider the use of banknotes?"
Jiang Chen was somewhat prepared for this question. He said calmly, "Brother Chen Zilong said that it is exactly the convenience of banknotes. In the banknote method below, banknotes can be used together. We only need to make a separate banknote method and each Chief Secretary will start casting it."
The bureau minted new copper coins, and private small-scale transactions can be done in copper coins."
Fang Yizhi was not very familiar with currency, and after hearing what Jiang Chen said, he couldn't make any comments.
Pang Yu rubbed his nose. What these people said made sense. They used government credit as a guarantee and government authority to expand the scope of application to ensure the use of banknotes, limit the circulation of metal currencies, and increase the number of banknotes held by the private sector.
In Chen Zilong's statement, he also emphasized the role of banknotes in promoting the circulation of commodities. Unexpectedly, in such an era, a few young people in a small Ozawa Club in Tongcheng could have so much knowledge about currency. It really made Pang
The wipers looked at each other.
Jiang Chen took a sip of wine and heard Pang Yu speak again, "What Chen Zilong said is not about using both money and banknotes, but that money is the basis. Banknotes are convertible paper money. If the people are willing, they can
The banknotes can be exchanged for silver. If you want to carry them easily when traveling far away, you can also exchange them for banknotes. However, Brother Jiang's banknote method does not involve the exchange of banknotes, so it has one thing in common with treasure banknotes, that is, it has not been issued.
Reserve funds. The imperial court has nothing in its hands and wants to collect all the money deposited by the people. As Brother Sun said, useful things are exchanged for useless things. If the imperial court has reserve funds and issues banknotes, the people will naturally be willing to use them because it is convenient and has good credit.
Guaranteed. If Brother Jiang wants to change things in reverse now, the people may not be willing to do so."
Jiang Chen argued, "If the money is exchanged for deposits and is in the hands of the imperial court, it is not irredeemable. It makes no difference to the people."
"If there is no big difference, then why does the imperial court take out the paper money and take away the silver? What benefits can it get to the people? Can they force them to give up all their family wealth in exchange for a few pieces of paper with writing on it?"
Jiang Chen was a little overwhelmed. He stared at Pang Yu and said, "How come there is no benefit to the people? If we implement this banknote method, after deducting the cost, the inner government can get 43 million per year, and 5 million in taxes can be exempted every year. It will be exempted after four years."
Liao's salary will be exempted from summer and autumn taxes in five years, and people all over the world will benefit, and in the end they will cry with joy."
Pang Yu shook his head and said, "Brother Jiang said that the imperial government has benefited, which shows that Brother Jiang still regards silver as wealth, not coins. If someone benefits, someone must lose. Since the imperial court benefits, even the summer and autumn taxes
Can be exempted, where does this huge benefit come from?”
Several people in the pavilion were confused for a moment. Jiang Chen frowned. He had fallen into a strange circle, exchanging banknotes for silver, and silver for banknotes. In the end, everyone benefited, but he couldn't figure out where the benefits came from.
Pang Yu stood up and said, "From the silver that Brother Jiang originally exchanged for Chu coins, all the gains made by the inner government were made by the people. Sometimes it is confusing when I think about it, but it is obvious whether the loss is a loss or not. The person with the most money has no problem."
They are often big households, and they cannot pay much tax. In the end, no matter the big households or the common people, they will not cry with joy, but will just dig a hole and hide the money. This dynasty is not the Song Dynasty, and the world has been using silver for more than two hundred years.
People regard money as the basis of wealth, but they have no habit of using it. Even in peacetime, it is very difficult to implement the banknote method. What's more, the world is in chaos at this time. Gold and silver can become the world's common currency because of its inherent
It has value and has natural hedging properties. In times of turmoil, people are probably more willing to keep gold and silver than that flimsy piece of paper. If Brother Jiang wants the banknote method to work, he must first consider the reserve fund for issuance.
Only Chu coins issued in this way have credibility and can be circulated throughout the world."
Several people in the pavilion looked at Pang Yu, their eyes widened. They didn't know whether what Pang Yu said was completely correct, but the logic was very clear. Although they had heard some of Pang Yu's deeds, this was the first time they heard it.
His eloquent talk was indeed far from the image of a government servant they had in mind.
Jiang Chen looked at Pang Yu with some dissatisfaction and said, "In the eyes of Pang Bantou, Chu coins cannot be trusted, the princes in the court cannot be trusted, and the people cannot be trusted either. Is there anything that can be done in the world?"
Pang Yu was not angry, and smiled gently, "It doesn't matter whether you believe it or not. As Mr. Fang said, things have their reasons, and you should pay attention to them. People live in this world, and money is the most important thing. No one can do without this thing. Issuing banknotes
When it comes to personal matters, everyone will naturally consider their own interests. The more you study issues related to people, the more you should be unemotional and make inferences from the perspective of their own interests in order to remain objective. But I also admire Brother Jiang.
Although the banknote method has flaws, it can form its own system and is already the best in the world at this time. If it is improved, it may not be unable to be used by the country."
Jiang Chen's face brightened slightly at this moment. During the civil unrest, he had met Pang Yu twice in the Yamen, and he was somewhat disapproving of Pang Yu's wisdom in inviting the Yamen servants to attend Zeshe's gathering. Even though Pang Yu was a hero in quelling the chaos, after all, he had not yet
Enter the level of a scholar.
After the debate just now, although Pang Yu was difficult to deal with, it did not prevent Jiang Chen from coming to power. There was always room for Jiang Chen to slightly change his impression of this person, but he did not dare to underestimate Pang Yu anymore.
Pang Yu was naturally just being polite. He needed to establish an impression in front of everyone in Zeshe, but he couldn't offend Jiang Chen too much, so he didn't think Jiang Chen's banknote method could really be used by the country.
Jiang Chen immersed himself in thinking for a while and then said, "This method is what I have worked hard on for many years. It's just that Pang Bantou doesn't believe in the people. In my opinion, as long as the yamen at all levels work hard and use strict punishments and laws to collect private money in the court.
In the world, all parties will benefit in the end, rather than what Pang Bantou said: some will gain and others will lose."
Pang Yu knew that he couldn't convince this person, so he could only smile and said, "I am indeed a little pessimistic. Maybe the people will support me one after another, and money will circulate. In the end, all industries will prosper, and both the court and the people will benefit. It is also possible."
Fang Yizhi clapped his hands and said, "Today Brother Jiang is able to find out what others have not found out, and Pantou Pang is suspicious of what others have not doubted. This has broadened my horizons. If Fang is even more relieved, we should be good at doubting people."
People never follow what others say, and if there is no doubt about physics, I will doubt it, and I will definitely want to find out the reason. Brother Jiang will be able to improve the banknote method after being questioned by Pang Bantou, and one day he can relieve the country's worries."
Pang Yu and Jiang Chen quickly surrendered. Fang Yizhi put an end to the argument, but it made both parties feel very useful. It can also be seen that although Fang Yizhi is sometimes wild, his emotional intelligence is still very high, so he can
Become an important figure in Zeshe.
Jiang Zhihuai suddenly said doubtfully, "Aren't we talking about war today? How come we talked about treasures for a long time?"
Several people laughed at the same time. Fang Yizhi picked up the wine glass and said, "Drink first."
Sun Lin patted the table with a folding fan and said, "How can Zeshe's gathering be like Fushe? The people in Longmian Mountain are crazy and can't use small cups."
Fang Yizhi laughed loudly and shouted to the servant at the door, "Bring me a bigger bowl!"
Several people changed their bowls and drank in the pavilion. Fang Yizhi talked about the experience of climbing Mount Lu, and also talked about some things he learned during his study tour in Jiangnan. Pang Yu listened attentively, and if he hadn't participated in the scholar's literary society
, he may not be able to hear these contents even if he stays in the yamen all his life. Indeed, the circle can determine the horizon.
To Pang Yu's expectation, not only did Fang Yizhi join the Fushe, but Jiang Chen and Qian Bingtao were both members of the Fushe. Jiang Chen also visited the leader of the Fushe, Zhang Pu's brother, many times. It is said that Zhang Pu was very fond of him.
For appreciation. Although Sun Lin has not yet joined the club, Fang Yizhi is already preparing to introduce him to the club.
When they talked about Zhang Pu, they were full of admiration. Regardless of morality or writing, he was an example for the Jiangnan scholars.
Pang Yu was quite surprised by a small Zeshe today. He didn't know how amazing this legendary Fushe was, the number one in the Ming Dynasty.
The poetry meeting lasted until the afternoon. Sun Lin and others planned to spend the night in Zeyuan. Pang Yu drank a lot of wine, but still had to rush back to Tongcheng. After all, the civil unrest had not been long ago, and as the leader of the fast class, he could not leave the county for too long.
Fang Yizhi personally escorted Pang Yu to the gate. He cupped his hands and said to Pang Yu, "In the past, I only thought that Pang Bantou knew some miscellaneous knowledge. Today, after listening to the lecture, Fang was impressed again."
Pang Yu returned the greeting and said, "I am also very touched. It is a pity that Brother Fang is going to Nanjing soon. There will be less opportunities to meet in the future. It is really a pity."
"When I get the exact address, I will tell someone to tell Pang Bantou that if Pang Bantou comes to Nanjing, he will definitely come to visit somewhere. Then Fang will take Pang Bantou to visit Jinling, which will be another pleasure in life."
Pang Yu laughed and said, "I'll make a note of it and I'll definitely come and bother Brother Fang."
The two of them exchanged some polite words, and Fang Yizhi finally said to Pang Yu, "I told you last time that Mr. Ruan's Zhongjiang Society, in fact, Qian Bingcheng and I both joined the society before, but later withdrew. If he invites you to join the society,
, don’t get too close.”
Pang Yu remembered this. In fact, Ruan Dacheng had invited him to attend the Zhongjiang Club's gathering the day after tomorrow. As for joining the club, he had not yet been formally invited. He knew that Fang Yizhi was leaving soon and was afraid that no one would remind Pang Yu, so he had mentioned this matter repeatedly recently.
"Thank you, Brother Fang, for the pointer. I now understand what's appropriate."
The two parted and said goodbye. Pang Yu meandered down the mountain road. When he turned around at the foot of the mountain, he saw Fang Yizhi still standing there. Pang Yu cupped his hands from a distance, turned around and disappeared at the end of the mountain road.