Zhu Yijun listened to the speeches of Liang Menglong and others, and the cabinet ministers in the Political Affairs Hall at this time were quite satisfied. Wang Guangguang, Zhang Juzheng and other senior officials in the Political Affairs Hall had long-term contact with Zhu Yijun, and had a relatively deep grasp of the economic principles he often explained, such as currency.
He also has a relatively systematic understanding of the nature, market regulation, productivity, investment, fiscal and taxation regulation, etc. Therefore, it is not surprising that Wang Guoguang can keenly discover the problems existing in Linqing, Hangzhou and other cities and propose solutions.
But Liang Menglong and Luo Wanhua were able to come up with innovative ideas soon after they entered the political hall. One of them has a good vision, and the other is really capable - at least better than Zhang Siwei. Although the chief minister of the cabinet is obedient and easy to use, he has a big heart.
, the structure and ability are not even the slightest bit worse than Zhang Juzheng, Zhu Yijun is also helpless about this.
Seeing that everyone was talking about the same thing, Zhu Yijun concluded: "The so-called person who knows autumn with one leaf is also called this. Before, my energy was limited, and I focused more on studying things, but I had no time to take care of the economy. Now in today's world
, there are not many people who study this way deeply."
This is too narcissistic to say. Although Zhu Yijun has been shocked by courtiers for writing "Three Treatises", philosophical thoughts are certainly related to governing the country, but the liberal arts tycoons here are not ordinary people, and they are all immersed in it.
The way of governing a country has been passed down through the years.
At this time, the ministers of Wenhua Palace had at least completed their research on "Guanzi" and "Shihuozhi". As for Sang Hongyang's "Pingzhun", "Junshu", Xunzi's "Fu Guo", and Li Gou's "Fu Guo Policy"
"" and other economic works, most of them have also dabbled in it, and they also have relatively pragmatic thoughts on the so-called "discrimination between justice and benefit" - if they are still unclear about this, it is impossible to reach a high position in the court.
In the face of the emperor's self-promotion, ministers can at least remain silent even if they don't flatter him. Only Wang Guoguang understood Zhu Yijun more deeply. He was deeply impressed by the imperial clan reform that year.
, he felt from the bottom of his heart that the emperor was not bragging.
Zhu Yijun continued: "Now the Hanlin Academy of Hanlin Academy has really become a 'ci minister'! If there are many talented people in the imperial court, if there is someone who can shed light on the economy and write the "Ping Bian Fa" like Li Kui, it is a special purpose
What’s the point of nominating him to the Imperial Academy? Well, the guidance of the imperial court is very important. Mr. Fengpan, the political affairs hall must issue regulations on this matter and handle it well."
Zhang Siwei saw that the emperor had been talking about this topic for a long time and did not return to the matter of private banks. Instead, he talked about the incompetence of the Hanlin Academy. He said in his heart that you don't like the Hanlin Academy. It is known to the world that we have no objection to recruiting talents.
Why bother to step on them again? I thought so in my heart, but I bowed down and accepted the order.
Shen Shixing, who had been silent in the audience, bowed slightly in his seat and said: "Your Majesty, all the Hanlin Academy candidates are outstanding talents in the same field. Since Emperor Xuanzong of the Tang Dynasty established this position, all the Hanlin Academy in the past 800 years have been the imperial court's reserve talent.
All the talented people in the world are proud of Dian Hanlin, because they regard it as the most noble and the most noble one.
"Although Your Majesty has disliked the fact that some of the Hanlin Academy has written poems and essays in recent years, is obsessed with rhetoric, and even has some political style that is not practical, but the Hanlin Academy has also done some practical things such as making imperial edicts, compiling national history, and giving lectures on classics and banquets.
If there is a special purpose to select ministers who have not passed the imperial examination - the minister is afraid that future generations of saints will use this method to select those who are lucky enough to succeed and disrupt the country's selection method, so we must not be careless."
After hearing this, Zhu Yijun paid attention to Shen Shixing. Seeing that his face was serious and magnanimous, he pursed his lips and smiled and said: "What Mr. Yaoquan said is not unreasonable. Let's discuss this matter later." There was no grudge against being criticized, and the ministers
They were also accustomed to the emperor's style of accepting advice.
Zhu Yijun pondered for a moment, then took the initiative to change the topic and said: "As for what we discussed today, I have been thinking about it for a few days and think it would be better to approach it both ways."
"First, the imperial bank should operate in reverse, and there is no need to exempt those who deposit gold and silver. This method should go further and provide interest on deposits to those who deposit dragon yuan and banknotes. Second, for private banks,
The deposit and loan business, deposit interest payment and loan interest collection shall not exceed the range given by the Imperial Bank, and any violation shall be punished by law; among the three, anyone who wants to engage in this business must obtain a license and pay reserves to the Imperial Bank.
, to prevent it from being bankrupted and causing industrial turmoil in a certain place. This is a big article, Mr. Shu'an must handle it well - be cautious, it is best for the court to do a few pilot projects first."
Upon hearing this, all the ministers here felt as if they were enlightened. Wang Guoguang was especially excited and said: "Wonderful! Wonderful! Wonderful! I obey the order!" Like a cat in heat, all the ministers present looked sideways.
This method is not only wonderful in terms of interest, but also because the imperial bank wants to carry out loan business, it is reasonable to introduce preferential policies to attract private gold and silver. This is just a layer of window paper that no one has pierced before.
What excited Wang Guoguang was the emperor's reverse operation of Liang Menglong's suggestion - if gold and silver were put into the bank, the fire consumption would still be collected, and only the silver notes issued by Long Yuan and the imperial court could earn interest! This kind of regulation would directly result in the following
as a result of:
First of all, according to the emperor's method, if the massive gold and silver stored by the people today are not exchanged into dragon yuan and silver notes, they cannot earn interest. This means that gold and silver holders must first exchange their gold and silver into dragon yuan and silver coins.
Silver notes. Because only the imperial bank can do this exchange business, a large amount of gold and silver will inevitably be absorbed into the imperial bank. And the imperial court does not actually issue a large amount of currency - does this money still need to be placed in the imperial account to earn interest?
Secondly, if the fire consumption is collected correctly, the massive gold and silver in circulation will continue to be kept in the hands of the people. For ordinary people who cannot save a lot of money, even if they want to save money and earn interest, the fire consumption will be a waste of money.
It will block this impulse, thereby alleviating the pressure on the court to mint coins.
Thirdly, this will give birth to a new industry in the private sector. There will be large capital holders who will use dragon yuan and silver notes to go to the private sector to exchange for scattered gold and silver at a price lower than what banks charge for fire money, and then go to the Imperial Bank.
Deposit and obtain interest. Because these people can hold funds for a long time, they can earn interest to offset the fire loss of scattered gold and silver.
In other words, if the money spent by the imperial bank in collecting fire is equal to the cost, people who are engaged in the private industry of exchanging Long Yuan silver notes for gold and silver will inevitably incur costs if they want to successfully exchange them. This part of the cost is equivalent to sharing the cost given by the imperial bank.
Part of the interest. And these large funds deposited the collected gold and silver into the bank to obtain interest, and once again paid the cost of fire consumption - the Imperial Bank made two profits on fire consumption, a win-win situation.
As long as large capital holders have enough time, the one-time fire cost will be earned back sooner or later, which is also a profit - it is still a win-win situation.
Wang Guoguang first praised him, then drew inferences and thought of the shortcomings of the emperor's method:
First, there may be private banks using scattered gold and silver to build a system of collecting, storing and lending. These gold and silver have nothing to do with the dragon yuan and small banknotes issued by the court. But the cost of doing so will inevitably be high, because at this time, the world
The fineness of the scattered gold and silver in circulation is different and difficult to value. If banks want to expand their business, they have to melt the loose silver into easy-to-value assets such as standard silver ingots. The Imperial Bank only charges cost and consumes money, and there are restrictions on deposits and loans.
In the case of interest, this kind of business method is destined to be a small business.
The second is that there may be private banks that collect savings and lend at high interest rates - because this is the only shortcoming in the emperor's policy that requires law enforcement. Law enforcement has its limitations. Wang Guoguang is very aware of this. Although severe punishments can be used
It is restricted by law, but as long as the profit is high enough, it is still difficult to put an end to it.
The last drawback that Wang Guoguang can think of is that the bank may not be able to make ends meet. After all, if you pay interest on deposits, you must lend money to earn back the interest and the bank's operating costs, and good projects are hard to find - most merchants in Ming Dynasty today.
Its operating funds are either from its own bank deposits or loans from relatives and friends, and they are afraid of operating in debt. If the loan amount is not enough, the court is likely to continue to lose blood.
Wang Guoguang made one point and explained his concerns. After hearing this, Zhu Yijun smiled broadly and said to Wang Guangguang: "Shu'an has a lot of skills, but you can't keep it to yourself. I suggest you go to Capital University or Normal University to be a part-time visiting professor."
——Teach these college students about economics."
"As for the points that you are worried about. Well, you can be a student with me first. After returning from the Political Hall, I will instruct the staff to recommend a group of good seedlings. I will hold a financial economics training class in this Wenhua Palace.
As for what finance is, I will talk about it in class."