Chapter 620: A Vast Amount of Knowledge on the Monetary System

Chapter 621: Knowledge of the Monetary System (Second Update)

"Controlling the people from borrowing money?" Bi Gou certainly knew the meaning of this word.

When King Nan of Zhou wanted to fight the State of Qin, he borrowed money from the people, and then he had no money to pay back, so he hid from his debts and ran to the high platform.

"Old Bi, don't you want to be strict? There are complete methods." Li Yi said with a smile.

Bi Gou shook his head: "No, I am afraid of losing trust with the people."

"Losing trust with the people is secondary. Issuing national debt will promote currency depreciation.

Now only Zhuangzi introduces exchange vouchers, using Zhuangzi's wealth and technical credit as collateral.

When Datang issues currency, and then introduces national debt, it will lead to currency depreciation in the world.

With inconvenient transportation and slow information transmission, currency depreciation occurs, and people in remote areas have no way to survive."

Li Yi became serious and explained the national monetary system and people's livelihood to Bi Gou.

When the information circulation speed is fast enough and a bank savings system is established, currency depreciation can be promoted.

As long as the issuance of currency is not collateralized by non-consumables, it will definitely depreciate.

The grain produced in the field is large, and the currency is issued according to the grain produced. The grain is eaten, and the currency is still there.

The currency issued for grain is naturally transferred to other commodities. If other commodities are damaged or thrown away, the currency is still there.

When unequal currency appears, its value is destined to decrease.

At the same time, with the development of technology, the reduced value will be compensated by productivity, which is dynamic.

Li Yi briefly introduced some inevitable problems of the monetary system to Bi Gou.

Bi Gou kept swallowing his saliva while listening. He thought he was already very good.

He was a Jinshi at the age of 20, and he also understood many problems of officials and court systems.

When he came into contact with taxation, he learned very quickly and understood it almost.

Who would have thought that when he came to see if he was sick, he actually heard about a huge system.

Bi Gou raised his hand to wipe the sweat, and Tao Hong next to him handed him a silk handkerchief.

Bi Gou nodded to express his gratitude, wiped the sweat from his forehead, and looked at Li Yi with a little fear.

He understood that his friend Li Yi only said a few things casually.

If you believe and understand, it will probably take many books.

While other students were studying the Four Books and Five Classics to prepare for the imperial examinations and become officials, this young man was watching the changes in the world.

No wonder His Majesty kept calling him "my brother Yi" in the court. What he knew was enough to support a dynasty.

"Old Bi, don't worry too much. Take one step at a time and eat one bite at a time. After a certain period of time, you will naturally understand."

Li Yi could guess Bi Gou's mood. The knowledge system is important.

"If too much paper money is issued, the people will have a hard time." Bi Gou put down the silk handkerchief and concluded.

"So now I, Zhuangzi, will issue it. Gold is money, silver is a precious metal, copper coins are money, and silk is also money.

I want to take out the silk. It is not easy to preserve. There is also the dark wood sent by my elder brother.

When the weather is warmer, I will drive up the price of dark wood. It is a non-renewable resource and can maintain its value."

After Li Yi finished speaking, he quickly ate two bites.

He felt that the old man was talking to him on purpose. The old man was waiting for blood to be drawn to check liver function. He couldn't eat or drink, so he asked someone to accompany him.

Bi Gou really swallowed his saliva. The hot pot was too fragrant.

After seeing Li Yi eat a few bites, Bi Gou asked again: "What is the basis for calculating the issuance of paper money?"

"The most stable is gold, silver and copper. We will issue as many as we have. When we are ready to issue, I will provide the court with several copper, gold and silver mines."

Li Yi said a method of calculating the issuance of currency, the purest one.

Like the 'green back', gold was used as collateral at first.

"What should we do when the gold, silver and copper we dig are less or gone?" Bi Gou thought long-term.

"At that time, the currency was issued by credit, and the value of credit currency depended on domestic production technology and foreign international relations."

Li Yi gave another collateral for the issuance of currency.

"When the paper money depreciates at that time." Bi Gou nodded, indicating that he knew this knowledge point.

Li Yi shook his head: "It may be appreciation."

"How can we buy more things? Productivity?" Bi Gou was very focused at this moment.

"Productivity is one aspect. With an output of 500 kilograms per mu, of course, food is cheap, and the purchasing power of currency for food increases.

The other aspect is territory. We can conquer Tianzhu and turn it into the territory of the Tang Dynasty, and then find some uninhabited places to occupy.

With better farming tools, such as a lot of cattle, the price of food is still cheap.

Raising more cattle is also cheap, and you can kill them and eat meat at will, and the currency will increase in value against them."

When Li Yi said this, two continental maps with kangaroos and tomatoes appeared in his mind.

Of course, there are few people and large land areas in the origin of coffee.

Cui Liu next to him took Li Yi's plate, put the meat she had cooked on it, and put it back.

Bi Gou glared at her, little girl, what do you mean? Are you reminding me?

Cui Liu stuck out her tongue, not afraid of Bi Gou at all, she just told Bi Gou to stop talking, the host was eating.

"Xiao Yi, you eat first." Bi Gou compromised, because the other palace maids and eunuchs were all looking at him.

He had no way to deal with the peach blossoms of these four classes, and the thirty-two people were exposed to too many secrets of the Li family manor.

The whole family was taken care of together in Liuli Village.

Relatives in the family could visit relatives in Liuli Village, but the more than 100 households in Liuli Village were not allowed to go far and were cautious when going out and accompanied by someone.

Some palace maids and eunuchs have brothers and sisters who have married and married separately. To protect them from threats, they are taken to Liuli Village together.

Let’s put it this way. If a minister of the Ministry of Revenue disappears, the court will be furious.

If a eunuch and a palace maid are missing, the court will be terrified.

Li Yi eats faster. He knows that Bi Gou comes here mainly to check the body and has a lot to say.

When he is about six-tenths full, Li Yi puts down his chopsticks and goes to check the rooms first.

The patients with lung injuries have had their tubes removed long ago and are slowly doing recovery training. The medicine has not been stopped.

The medicine they drink is herbal medicine, which relieves pain and inhibits the growth of bacteria.

The other thirty-three people are guarded by 390 Khitan people. The 390 people are very dedicated and go outside to take care of more than 11,000 captives from the southwest barbarians.

"There is nothing special in the Ministry of Revenue right now. The assistant minister and the doctor can take care of it. I heard from His Majesty and the prime minister that there will be a war in Songzhou."

Bi Gou was waiting outside the hospital building. When Li Yi came back from checking the rooms and went to Li Yi's main courtyard, he spoke.

"It may not be possible to fight. I hope Tubo will fight once so that Songzhou can practice soldiers, mainly the application of indirect aiming in actual combat."

Speaking of war, UU reading www.uｕｋaｎshu.net Li Yi has a positive attitude.

Bi Gou knows what indirect aiming is. In the past, when fighting, catapults were placed in an open position and thrown at the enemy's catapults.

Indirect aiming means that the catapults are in the city, and someone on the city wall calculates the parameters and feeds back to the city. The catapults in the city launch according to the command.

The enemy army can't see it, and wants to bombard it, so don't give it a chance.

"I guess the enemy will learn after a few losses." Bi Gou never underestimates the enemy.

"It doesn't matter, you can measure the trajectory. The catapult uses a parabola. Look at the highest point, the middle transition point, and the landing position. When you get there, I'll draw it for you."

Li Yi took Bi Gou into the study, found a pen, ruler, and compass, and explained the parabola.

It involves observation poles and location selection. As for wind force and direction, there is basically no need to consider it.

It is much easier to calculate the position of catapults than the position of artillery.