Du Zhongxiao thought that to solve the problem of Ye County, upgrading is almost inevitable. After the upgrade, the only way to manage the Iron Supervision Bureau is to directly manage the central government. The Salt and Iron Department expanded its power and took advantage of the opportunity of railway development and convenient transportation to take control of the world's largest official industry and commerce. With these as the foundation, we will directly manage the world's economy.

Ye County was promoted to Yezhou and was assigned many officials, and at the same time, streamlining the official system under his rule. The most important thing is to streamline the official system.

Wen Yanbo said: "Including the Iron Supervisor, all the business operations in the world need to be assessed for how much money is made, so it requires the unification of coins. In recent years, it has been very beneficial to issue money quotations from various sources. It is time to unify the money quotations. The Political Affairs Hall believes that the Duzhi Department is in charge of this matter, and based on the amount of copper coins, a considerable amount of money quotations are issued for use by the world."

Du Zhongxiao said: "My husband, how many copper coins are there in the imperial court now?"

Wen Yanbo said: "All the coins added together and there were about 120 million coins in stock. According to this, each of them issued money, about 300 million coins."

After hearing this data, Du Zhongxiao was surprised. This was even more than he thought. Since Emperor Wu of Han cast Wuzhu coins, for more than 1,000 years, the Song Dynasty has the most minted coins, which is much more than other dynasties. Among them, the coins that truly retained value are only 200 million to 300 million guan. The court can master more than 100 million guan, but the number is quite large. Based on these copper coins, they are operated properly and should be available for the whole world.

Du Zhongxiao said: "In Yizhou's practice of issuing money induces money, if you want to prevent the money from depreciating quickly, money induces at most five times the capital. Now you have only issued more than 300 million yuan, and the savings bank has made a great contribution. However, if it includes the official iron supervision, the imperial court tax expenditure, etc., and the monetization is large, the money will definitely be needed to be more than before. The officials thought there were two ways, one was to use interest to attract the people to deposit money in the savings bank, rather than to hide it privately. The other was to increase the value of copper coins. With the same money, you can buy more things."

Wen Yanbo heard this and asked hurriedly: "What the Chief Secretary said is so. I don't know how to do it?"

Du Zhongxiao said: "If you want the deposited copper coins to have interest, the savings bank must lend money from the outside to collect interest. If you have deposits and loans, use the interest spreads between them to make money, so as not to lose money, and the business can continue. There are many lands in the world that can use money, and as long as there is collateral, you can borrow money."

Liu Ying said: "Will this be an official lending? Private lending has endless harms. If the official lending is made, it is afraid that something will happen."

Du Zhongxiao said: "My husband, there are many times when the world borrows. Not to mention natural disasters and man-made disasters, even when the wasteland is reclaimed, it is also useful to open a store and a factory. As long as the review is clear, there is a mortgage and a guarantee, it is not a time when the principal and interest cannot be collected, you can lend. As long as the court stipulates interest and is not allowed to lend money, what's the harm? There is so much money in the savings house, which is the most capital in the world, so of course you can lend."

Li Shen said: "Zhongcheng said it is right. People often need to borrow money. It is like a farmer. If the year is not good, there is no money when planting. At the least, it is not good for planting, and the worst is that it can only escape. At this time, lending is made and using the green seedlings in the fields is not afraid of not paying back the money after the autumn."

When Li Shen became a local official, he once let go of Qingmiao Loan based on his actual situation, which is the origin of the Qingmiao Law when Wang Anshi reformed the law in history. In the agricultural society, Qingmiao Loan is the most obvious lending opportunity. With the crops in the field as a guarantee, there is no need to worry about not being able to collect principal and interest. But now it is different. After having a factory, the most important lending opportunity is obviously industry and commerce. Due to the operation of the factory, the factory often needs to borrow money, which is the opportunity for the bank.

To unify the coins in the world and use copper coins to issue paper money, the savings bank will have a lot of capital. Without this money to lend, the savings bank will lose its most important source of income and will not be able to maintain it. With the power to lend, the savings bank will become a bank.

Wen Yanbo nodded: "It is feasible to deposit money while lending money. However, if you want to do it in detail, you still need to consider carefully."

Du Zhongxiao said: "The money matter involves the fundamentals of the world and is not comparable to other policies. I think that if the printing money is taken into account and the Duzhi Department is responsible for it, there will be some unclear rights and responsibilities. There should be no department to be set up to be in charge of this matter. The Duzhi Department still uses the money from the yamen, and after collecting it, it will be deposited into the savings bank, and allocated by the savings bank according to the documents. This can prevent the world from having any trouble. The Duzhi Department relies on the power to print money to falsely print money and lead to trouble and cause trouble."

Wen Yanbo thought for a while and said, "This matter is important, let's discuss it later. In addition to using interest to attract people to save money, what should you do to increase the value of the currency? The coins are minted by the court and spent to the people, and the value of the currency has already been determined."

Du Zhongxiao said: "My husband, this is not the case. Before issuing money, the people could get several times the profits of destroying money and casting tools. It means that the copper coins at that time were actually underestimated. It was just that the court did not allow money and casting tools to be destroyed. There were too many copper coins in the folk, which led to depreciation. It can be seen that the value of copper coins is actually higher. The court can collect all the copper coins in the world, issue money and issue them, and at the same time make a small amount of iron coins and send them to the people for use. If there are too many iron coins in the folk and the people are convenient to use, it can push up the value of copper coins and actually increase the number of coins."

As soon as these words came out, there were a lot of discussions in the room, and everyone had their own opinions.

Using physical goods as currency and adding money to attract money, it is actually difficult to avoid deflation. The issuance of currency cannot keep up with the economy, and it is inevitable that the money shortage will be shortage. After the money shortage, the people store money, forming a vicious cycle. In the end, the government lost money and the people tried their best to collect it. The world has been in a shortage of money. A large amount of iron coins is issued as a supplement to money shortage and appropriately raise the value of the currency. In fact, part of the issuance of money shortage will be partially issued, and a certain amount of money shortage will be reduced.

In this era, the denomination amount of money cannot be too small, otherwise it will increase the management difficulty. Use iron coins as a supplement to small coins and appropriately control their false valuations, making it unprofitable for private minting. The two are used together to meet the private demand for money.

Because the Song Dynasty had a copper ban, it devalued the currency value on the one hand and pushed up the copper price on the other hand. As the savings bank collected a large amount of copper coins and issued a large number of iron coins together, the copper ban could be slowly relaxed, so that the copper ban could be slowly returned to a reasonable range.

Due to the actual conditions, China does not have large gold or silver ore. These two natural currencies are insufficient compared to China's huge market, and can only use copper as currency. Physical currency can be stored. For the rich, if there is no bank, it is best to save it after making money. This leads to insufficient market currency and the court minted a large amount of coins. Through political means, the cost of coin is minimized, making the copper coins disconnected from the market, resulting in the current situation.

The difference between China and Europe is that it has a huge domestic market, and the domestic market is absolutely dominant. How to meet the needs of the internal market is the first priority, and foreign trade is not important. Before the external development, China needed to import not much, and gold and silver were not necessary. Foreign trade, mainly buying various luxury goods, has no significant impact on the domestic economy.

Commercial trade was originally mutual, and without demand, the desire to sell was not strong. The current situation is that the Song Dynasty was short of external goods, and there was little gold and silver available for trade.

Ouyang Xiu said: "Before the issuance of the money, the Sichuan and Sichuan region used iron coins. In fact, there are many disadvantages. If the money issuanced and then minted iron coins on a large scale, is it inappropriate? If it is cast and the people do not use it, it would be embarrassing."

Du Zhongxiao said: "As long as the casting is well-made and not easy to imitate, why don't the people use it? In fact, Hedong first cast new iron coins, which the people like. In recent years, several more ways have started casting iron coins. From then on, it will be like the money guide, and the specifications will be unified by the court. As long as the casting is well-made, the people still like to use it."

Fan Zhen said: "The iron coins cast on Hedong Road are said to be covered with tin on the outer layer, which is not cheap. The outer layer is covered with tin and pressed by machines. This method is difficult for the people to cast. The Zhongcheng mentioned it has its feasibility."

Duzhi Envoy Zhou Zhan said: "If you do this, money will be led in parallel with iron coins and collect copper coins into the savings station. However, in the future, the Duzhi Office will not be able to manage money and trigger the issuance. Many places where money is used may not be rich."

Du Zhongxiao said: "What's the difficulty? If it's just a temporary difficulty, borrowing is. The money from the savings bank can be borrowed by the private sector, and the government can also borrow it."

Zhou Zhan shook his head: "What a stylistic way to borrow from the government!"

Others just laughed, no one paid attention to Zhou Zhan. What's wrong with the government's loan? Just like I haven't borrowed money before. Before the issuance of money, the three departments had to borrow from the intra-treasury year by year, and most of them did not repay it.

Gong Dingchen, the Zhijianyuan, pondered and said: "According to what Du Zhongcheng said, the world will use unified coins in the future. The benefits needless to say, but the world uses one kind of money. Can the current court do it?"

Du Zhongxiao said: "Now there is a railway, which is no better than before. The imperial court can choose several places to print money and cast iron coins."

The railway connected the north of the Yangtze River in the Song Dynasty, which was convenient for transportation. As long as it was printed and transferred to the money in several geographical center cities, it was not difficult to distribute. As for the south of the Yangtze River, there was waterway to access, there was nothing. The emergence of the railway changed too many things.

Wen Yanbo said: "The benefits of doing this are of course there are, but if there are any shortcomings, we still need to consider more. Now that there are railways, it is convenient to travel around the country, and we need to unify coins to avoid disputes. It is naturally a good thing to issue them by the court. However, if there is a issuance, there will be collection. Can the court do it and what impact will it have? After we go back, everyone will consider it. It will not be too late to make a decision next time."
Chapter completed!