Li Shimin felt very uncomfortable.

In his opinion, public opinion is like water.

As a monarch, if he can follow the flow and follow the trend, he will be called a wise ruler.

At present, the whole world is worried about Xuanzang. If you express your compassion for Xuanzang in the palace, you can gain a lot of public opinion. What's wrong with this?

But this guy Li Chengqian... seems to have realized it later and has no awareness at all.

On the contrary, the behaviors his two younger brothers showed, and now they think they are quite in line with their appetite after careful consideration.

These two brothers are both the sons of Concubine Yang. They are more stable than Li Chengqian and have a reliable job.

Li Shimin then stood up and said, "Guanyin maid, I should go to Wenlou, please rest."

After saying that, he led Zhang Qian to Wenlou. At this time, the memorial had already been arranged in Wenlou. Li Shimin sat upright and Zhang Qian presented him with tea.

Li Shimin suddenly looked up and said, "What does the Dharma Assembly look like?"

"There are crowds of people." Zhang Qiandao: "There are no people in the streets."

"Oh." Li Shimin nodded: "Call Ke'er and Yan'er to me tomorrow, I have something to say to them."

Zhang Qian nodded: "Here."

……………………

Chen Zhengtai has been working on the money shop these days.

The money house's business is spreading very quickly.

On the one hand, IOUs are becoming more and more popular, so monetizing IOUs is imperative.

Of course... monetization is natural, because the IOU itself has become currency.

At this time, the only problem is what should the currency be linked to.

The current IOU is linked to copper, which means that the Tang Dynasty dug out how many kilograms of copper, and how much money the world naturally produced.

With the development of copper smelting industry and the mining of copper ores, there are more and more copper reserves, so theoretically, there are more and more copper circulating on the market.

But at the moment... there are not many problems.

Although a large amount of money is popular in the market, as the scale of workshops continues to increase, the production of goods is also expanding, and the market... is still hungry for IOUs.

Although prices are slowly rising like frogs boiled in warm water, forming a certain kind of benign inflation, in fact, it has not caused any chaos.

In other words... As long as productivity is still increasing, theoretically, the prices of goods that can be bought are relatively stable.

In addition to commodity prices, the same is true for asset prices. Logically speaking, asset prices are relatively fixed. For example, land, its value will continue to rise with the increase of currency, but in fact...

At this time, the land resources of the Tang Dynasty were actually maintained to a certain extent as the Chen family developed Shuofang, Gaochang and Hexi.

After all, as the land resources continue to expand, as the Chen Family Money Bank increases, the growth is actually weak.

Only when land resources are constant and unchanged can the price of future assets be pushed up.

Of course... this kind of thing will inevitably happen in the future, but not now.

Especially after the large-scale migration of aristocratic races to Hexi, land prices have even dropped slightly.

This is almost the best time today. The copper smelting industry has issued countless IOUs, and IOUs are circulating all over the world. The currency in the hands of the people has increased, the goods and assets they can buy are also increasing, and the purchasing power is constantly increasing.

Therefore, the people did not hesitate to return the assets they had in their hands to the money house in the form of savings.

Every year, the savings assets continue to rise, and then try their best to lend these IOUs to the aristocratic families and merchants in the form of loans, so that they can have enough funds to develop Gaochang, Shuofang and Hexi, or to build and expand more workshops, make greater use of land and increase productivity.

This year, in July, the steel production far exceeded the steel production last year.

Everything is thriving.

As a result, wealth is increasing day by day, and the money savings are growing like a snowball. If you continue to call these circulating paper notes IOUs, it will be a bit too much.

Therefore, it is imperative to implement the second generation of money tickets.

On the one hand, the Chen family has developed the latest paper. In addition to ink, it has also made great efforts. In addition to anti-counterfeiting, the latest printing press has also been prepared to replace the IOUs currently circulating on the market.

Of course, this is not the point. The point is that it is impossible to circulate paper tickets in Datang and Hexi.

At least at present, we have encountered many difficulties in Lanzhou. Hu people from all over the country have come to trade with Datang. Such a large-scale transaction is actually still in a relatively primitive stage of exchanging goods.

They brought their own goods to the Tang Dynasty, and then exchanged them for IOUs, then used IOUs to buy a large number of Tang Dynasty specialties, and then returned to their country with these specialties.

This process... increases a lot of losses and is also time-consuming and labor-intensive. To a certain extent, the obstacles caused by any kind of exchange are actually scaring away the honest and honest businessmen.

If it is just an ordinary transaction, that would be fine, but if it is a bulk transaction, the difficulty of the transaction will continue to increase.

Although some Hu merchants who have already reserved some IOUs, they are still far from being able to circulate.

Now the money house is piled up with a lot of savings, and the IOU is only circulating in the Tang Dynasty, which gives Chen Zhengtai a headache.

Because any person who runs a money shop is most worried about two things. One is that he is worried that he will have too much savings, and he is afraid that his money will not be able to lend it out and generate a lot of profits. The other is that he is afraid that the money he has borrowed will be cheated, and the one who owes money will become a master, which will eventually lead to bad debts.

Since that's the case, Chen Zhengtai wants to make some attempt in other aspects.

"But I don't know what Chen Zhenglei and the others are doing now." Chen Zhengtai suddenly sighed, sighed endlessly, and then sighed in his study.

In fact, in the past few days, Wu Xi has been helping Chen Zhengtai in his study to cook the money shop. At this time, he couldn't help but say, "Isn't the money shop the teacher cares about now? Why are you suddenly worried about Monk Xuanzang?"

Wu Yu also knew about the matter of Monk Xuanzang. She knew that this matter was at the forefront and attracted the attention of the whole world.

But for Wu Xi, she didn't care.

In this world, people with bad luck are like crucian carp trees crossing the river. A monk is in danger, but everyone in the world is concerned about it. Isn’t that the laborers who have suffered serious illness, are lonely and helpless, and the farmers who have worked day and night worthy of pity?

In her opinion, this is just because there are too many people who have eaten enough and are too idle.

She felt that her mentor should not care about these things. There were too many bad people in this world. If she was really sympathetic, even if she gave the beggars around her some money, she would be better than caring about things thousands of miles away.

Chen Zhengtai smiled and said, "Xuanzang's fate is closely related to our Chen family's money house! If he can return safely, our Chen family's money house will have new business."

Wu Xi thought about something and was confused for a moment, so he couldn't help asking, "What business?"

Chen Zhengtai said: "Lend to all countries in the world."

"Ah." After hearing this, Wu Xi frowned. She felt that Chen Zhengtai was a little whimsical.

So she said, "I'm afraid that if you lend money, you won't get back! Mentor... The business of the money shop should be based on safety. This is what you taught me, if there is no guarantee..."

"You don't understand." Chen Zhengtai said: "This is called international business. The essence of international business...in fact, it is not that they are afraid that they will not repay the money, but that they will not borrow money."

Wu Xi frowned and said in confusion: "Mr. Teacher, the student still doesn't understand."

Chen Zhengtai said: "Bringing loans to a country is the same as lending loans to a person. A person who has never tried to borrow money will never think about loans. So he only thinks about living within his means every day, just to prevent himself from having a meal and having no next meal once he loses his savings, right?"

Wu Xi nodded.

So Chen Zhengtai continued: "But if I suddenly have a loan, I will start to give a certain credit limit to a person, and this person can solve the current crisis by borrowing money. So, what will happen to this person?"

Wu Xi thought about it and said, "Will you continue to borrow this?"

"Yes." Chen Zhengtai said: "There is something in this world called dependence, also called drinking poison to quench thirst. If you borrow the first time, you will have a second and third time. Even in the end, you have to pay for the old debt. Therefore... often someone who is used to borrowing the first time may spend his whole life borrowing until his death. Any debt has interest. After a month, he will work hard, and in less than a few years, half of his income from hard work will be used to repay the debt. Therefore... the most profitable thing in this world is borrowing."

"Look... in the past, what did those aristocratic races rely on to make huge profits? Do you really think they rely on peacefully farming land, managing the farmland, and then harvesting surplus grain?"

Wu Qi frowned and said, "Then my mentor said..."

"This is true for people." Chen Zhengtai said: "The same is true for a country. We are not afraid that it cannot be repaid. At the end of the loan, there will be a day when it cannot be repaid. But the interest that the debt continues to reap has actually received a principal that is far more than they cannot repay. What we are most worried about now... is precisely because they refuse to borrow money, just because they have borrowed this first time, so they will never stop since then."

Wu Xi seemed to understand but still said in a tangled way: "Aren't you afraid that they will be stolen?"

"Only those who are burdened with debt will be liable for debt." Chen Zhengtai said: "But when a person is burdened with debt, he is actually terminally ill. At this time, he needs to use new debts to solve the problem. It is precisely such a person who dares to rely on the debt the most."

Chen Zhengtai said, cheered up, then took a pen and personally gestured to Wu Xi: "Come on, if you have an income of 100 cents a year, but if you owe ten cents a year, will you be liable for the debt?"

Wu Xi shook his head and said, "No."

Chen Zhengtai said: "What if he owes 100 coins?"

Wu Qi still shook his head: "Save money and food, maybe there is still a possibility of repayment in the future. I think it's not possible."

Chen Zhengtai continued to ask: "What if it is one thousand guan?"

Wu Xi thought about it, and this time he obviously seemed hesitant.

"You want to pay for it?"

Wu Xi glanced at Chen Zhengtai and nodded silently this time.

Chen Zhengtai sighed and said, "No, you won't be dependent on your debts. Because the person who owes a thousand trump card is actually very tight. You need food, clothing, housing and transportation, the house needs to be repaired, and your children are studying and need money everywhere. At this time, not only will you not be dependent on your debts, but you will also find ways to repay old debts."

"Because you have to have money to make a living, and once you have to rely on your debts, your own money is not enough to get you out of trouble. So at this time, you must maintain your credit and never dare to owe money and not pay it back, because when it reaches this point, you will fall into death. In order to maintain your credit, you need to find a new creditor, owe more money on credit, repay old debts, and so... you will always be trapped in this quagmire and will never be able to turn over."

Chen Zhengtai looked at Wu Yu who listened to his analysis carefully and continued: "The same is true for the country. If the Persian country's annual income was 100 trump card, when they could borrow easily, their expenses might become 200 trump card a year. As the saying goes, it is easy to go from frugality to extravagance, but it is difficult to go from extravagance to frugality, so in the end the debt will only continue to expand. When the debt increases, it must borrow new debts to repay the old debts!"

"At that time, they were asked to provide any mortgage and ask them to provide any convenient conditions. They could only agree, because once they did not pay back the credit, they would lose their credit. However, at that time, their monthly expenses had been fixed to 300 trump cards, which could never be maintained by themselves. Either they continued to drink poison to quench their thirst. Either they learned from their mistakes and refused to pay back the debt, which caused their own domestic dilemma and financial crisis. The princes and governors everywhere saw the weakness of the Persian king and began to provoke. The people could no longer maintain their original life and began to smoke everywhere."

Wu Xi thought about it and felt that this was just a theoretical thing for Chen Zhengtai. In fact, there was no example today.

Of course, she also felt that Chen Zhengtai's words made some sense.

Therefore, Wu Xi said: "The most urgent thing is how to make everyone willing to borrow money?"

"This is the reason." Chen Zhengtai said: "But you also need to let Xuanzang and others return to Chang'an safely before you can expand this business. The promotion of this money house is of great importance. At that time, I am afraid that the teacher will personally come forward to preside over the overall situation."
To be continued...