Chapter 1,252 The Prospects of the Road to Money

With a long sigh, Ke Yin said: "I just said, I hate your way of persuading people." The halfling goddess did not forget to look at Freya and Hefquin who were also present.

There is no pure muscle stick that can be taken by Lin. Someone's warning words seemed to have nothing to do with them. But applied to their respective situations, it seems to illustrate the problems encountered by their respective ethnic groups.

Although the Silverbeard Dwarves pursue technology, they are self-contained and do not have sufficient resource supply. Even if the conspirator named Guardian, who actually intends to wipe out the entire clan, does not take action, in the long run, the Silver Beard clan will eventually disappear in a mysterious way.

This is especially true for elemental creatures. The long life makes most elemental creatures lose the motivation to move forward. Whenever something novel enters the circle, it is like dynamite being lit in a pond, blowing up a whole pond of fish.

Only a few can adapt and survive, and they will repopulate a pond of fish adapted to the new evolution. Then wait for the next firecracker. This is a strange endless loop, the pattern remains unchanged. Every time an elemental creature advances, it comes at the cost of countless lives. But to them, it's just a re-creation, nothing more.

Although I don’t know what kind of little theater the two little guys next to me, who are only as tall as my waist, have in their hearts. Faced with the halfling goddess's complaint, Lin could only say helplessly: "I don't want to either, Your Majesty. But there is a saying in my hometown that good advice is offensive to the ears. What you say now may not be pleasant to the ears, but after listening to it, you can at most feel good." It's just depressing. But if things break out in the future, it may kill me. Although I may not know where I will die by then, but rather than being cursed by you then, I think it is acceptable to be complained about now. "

But Ke Yin is not someone who just complains and doesn't think. He remembered the key points of the magician's words in front of him and asked, "You just said that the future will change, so you don't suggest that I fix the rules of money. You shouldn't have even considered how the future will change."

"Well, these are not things that need to be discussed now. But since you asked sincerely, and also considering that I may not be there at that time, I will talk about it now. Your Majesty, just listen to it. The future is still Adjustments must be made based on actual conditions.”

"Speak, my chosen ones. What will the future look like in your prediction?"

"Your Majesty, it is too much to make predictions. Those are all problems that society will encounter sooner or later as the society continues to develop. When the economy continues to develop and business transactions are booming, there may be a dilemma of not enough money. After all, we are now using The three precious metals used to mint coins all have uses other than coins. Even if all the gold, silver, and copper in the entire Midi Land are cast into coins, the money cannot buy the resources in the entire Midi Land. This is not poverty, but It is the lack of currency in circulation that has restricted economic development. Do you understand this premise?"

For people who don't have a macro concept, someone's explanation only makes the Gold Goddess more confused. Lin had no choice but to explain: "Let's take an extreme example. Suppose we force that all transactions in the land can only use new coins, but the new coins are only the box you just created. Then when there is insufficient coins, , will the trading activities in other places be stagnant and unable to proceed because of this?"

"Ah, I understand. Isn't it just that others won't use other methods to trade?" Ke Yin thought he had made a very smart idea and was feeling very proud.

"Of course, people are alive. If one road doesn't work, just take another road. But in this case, your believers will run away."

"Ah!" The halfling goddess' face turned stiff. A tiger paw tightly clasped a magician with a tearful expression.

"At this time, there are two ways to solve it."

"There are two of them. Tell me quickly." Ke Yin asked hurriedly as he wiped away his tears which he didn't know were real or fake.

"One is to continue to maintain the value of the currency itself, but we can just find things with higher value and mint them into money to increase the total amount of value corresponding to the currency in circulation."

"By more expensive than gold coins, do you mean gem coins and the like?" Ke Yin asked inferences.

"Something like this, but not gems."

"Why."

Faced with the goddess's doubts, Lin explained: "The material selection of coins must have several characteristics. The first and most important one is the consistency of the material value. The value of gold, silver, and copper depends on the purity. As long as the purity is Similarly, we will consider it to be an item of the same value. However, gemstones will have different prices depending on the type; even for gemstones of the same type, the value will fluctuate depending on their appearance. Such characteristics are not necessarily Coins are suitable as a medium of exchange. Not to mention that after cutting gems into money, they cannot be recycled like gold, silver, copper and other metals. Even cutting into money will reduce the value of the gems. "

"If gems are not suitable, what else is suitable?" Ke Yin thought.

"In fact, there is something that has long been regarded as hard currency and is circulating in the world, but no one treats it as money."

Lin prompted.

Ke Yin suddenly realized and said: "Ah, the seven-color magic stone."

"Yes, it is the magic stone. The value of the magic stone is the power contained in it, so no matter how it is cut, its value is calculated based on its size. The appearance is divided into seven types, although each level There are shades of color, but generally speaking, as long as they are of the same color level, they will be recognized as having the same value. And this color grading cannot be forged. As for the reshaping of magic stone, although it is not like metal So convenient, but at least it can be solved with magic; unlike gems, once cut, you can't go back. Maybe the red stone is cut into coins, and its value is about the same as gold coins, but the level of orange stone and above is worth as much as On top of the same volume of gold. When it reaches the level of a purple stone coin, perhaps it is an exaggeration to say that one coin can buy a city, but if you use it to buy other rare and precious items, no one will refuse it."

The reason why Midi retains the form of barter transactions is mainly due to two aspects. One is a large-scale transaction at the national or city level; the other is a transaction of extremely rare items.

The amount involved in the former is too large, and at this level, any transaction has strategic significance and is not purely for profit. At this time, there is no use in exchanging coins. It is better to trade other materials of the same strategic level. For example, food can be exchanged for iron, salt can be exchanged for magic stones, etc.

The latter involves some extremely rare items that are difficult to price. Instead of selling these things for money, it is better to exchange them for some special items that are also too rare to circulate in the market. Any price calculated in terms of money looks like a low sale in the minds of the holders.

But if it is really possible to mint coins with magic stones, then it will really be possible to buy these items that were difficult to price in the past. Because high-grade magic stones, especially purple-level ones, in addition to the value they represent, the strategic significance they can use for magic is also difficult to ignore.

Ke Yin also understood why the magician in front of him didn't tell him this method immediately. It was really not useful at this stage. Even the three coins of gold, silver, and copper are still quite confusing in the current Lost World. The magic stone coins are created just to kill someone. Neither required nor necessary.

But this also made the halfling goddess curious about what the other method mentioned by the magician was.

Seeing that the person in front of him had already understood what he had said before, Lin continued, but he raised a seemingly unrelated question: "Money, that is, the three functions of currency, is as a medium of transaction, convenient for accounting, and storage." Value. Question! Which of these three functions is a non-essential function of money?”

Coming from a group that eats from a big pot and works together, the silver-bearded dwarf Freya thought about it, but couldn't figure it out for the time being. The other one comes from a world where you grab whatever you need. The more advanced ones are all kinds of theft and deception. The same goes for the hive queen who has no concept of money.

But as the goddess of gold coins, Ke Yin comes with divine understanding and divine calculation. When someone farts, He can tell you what he ate yesterday. Naturally, once Lin raised his head, Ke Yin could come up with a whole set of possibilities. So He was again shocked by someone's vision of the world and asked aloud, "What on earth are you thinking!"

"It seems you understand. Hehe, she is indeed the goddess of gold coins. She is so sharp when it comes to money-related matters. Of the three functions of currency I just mentioned, the first two are really important; the third stores value. , In fact, it is just to protect the purchasing power of currency. This is actually a constraint on the economy, but from another perspective, it is also a protection. I will not talk about the theory behind it, but first talk about the prerequisites for this to be possible. . To be able to separate the value of currency from the currency itself, users must first trust the issuer of the currency and believe that the number given by the other party can trade the items they need and can indeed buy them. And everyone must believe in this matter , then this number can be called money, which is what I call currency. If this most basic trust does not exist, and in fact you cannot buy anything, then it is just a bunch of meaningless numbers."

"Is such a thing possible?"

"So I said, trust is the prerequisite. If you can't do this, all these assumptions will be like a mirror, so unreliable. In addition to trust, you also need to have a certain degree of strength and not be afraid of anyone's challenge. That kind of strength. More importantly, you must have the wisdom to control money. Because at that time, the flow of money will be like a torrential flood. If you cannot control it, it will be like the flood bursting its banks and the people will suffer."

Speaking of this, someone sighed inexplicably. Then he stood up straight, straightened his appearance, dusted his sleeves, bowed respectfully, and said: "If one day, Your Majesty, you choose such a path, please remember what I said today. The source of Your Majesty's strength. It comes from the normal operation of the entire money system, not the numbers accumulated in your hands. Greed should not be your attitude. When you start pursuing what mortals call profits, that is the moment you fall into evil ways. The power of money, It can be good or evil. But its true stance should be absolute neutrality. Money is just a tool, and tools should not have personalities. That is something that talents have."