559 "Cash Method"

Author: Guests in Parallel Space

559 "Cash Method"

Early the next morning, after Wei Guangde arranged for his servants to send letters to Nanjing and Jiujiang, he hurried to Prince Yu's mansion, waiting for the Xiyuan to return the memorial to the memorial.

As expected, while waiting, Li Fang hurried into the house and delivered the notes copied from the cabinet to King Yu.

King Yu glanced at him and said expressionlessly: "The father ordered Lin Run to arrest Yan Shifan immediately, and Luo Wenlong went to Beijing to question."

When I heard it was a question, although there was the word "arrest", Yin Shidan, Zhang Juzheng and others twitched unconsciously.

Since it is a question, naturally, if the answer is not satisfied, it will turn into an interrogation and a new case. But if Emperor Jiajing is satisfied, it seems that it will not be a big deal.

It can be seen that yesterday, Wei Guangde first talked about Yan Shifan's high-profile words and deeds in Jiangxi, but it may not have been intentionally induced the censor Qingliu to impeach him.

He went back to the capital directly, and did not dare to take Yan Shifan's 100 courage without any intention.

But because of this will, he could return to the capital in a noble manner.

"It seems that Yan Donglou's move is really intentional."

Yin Shidan finally spoke, breaking the tranquility in the house.

Yan Shifan is very powerful and difficult to deal with. This is the consensus of everyone in the house. Otherwise, Yan Song would not have been able to steal the position of chief minister of the cabinet at the age of 80 and not fallen.

"I went to see the teacher last night, and the teacher also regretted it a little. I forgot that Yan Shifan was sent to Guangdong, and this matter should be sent to Guangdong Censorate to take the people."

Zhang Juzheng also said.

"Shandai, after Yan Shifan is taken to the capital, you should go to the Ministry of Justice to be diligent and be sure to see his confession first. You must not leave a chance for him."

King Yu spoke at this time and said to Wei Guangde, who had been silent.

"Yes, Your Highness."

Wei Guangde answered very simply. He had no way out of Yan Shifan's life in his plan, so he naturally would not ignore this matter.

Moreover, according to Wei Guangde's vague impression, the final outcome of Yan Shifan's entry into the capital this time should be a dead end. I just don't know how Xu Jie and Gao Gong were doing this at that time, and what crimes he had set on him.

By this time, there seems to be no better way except what Wei Guangde said at the beginning.

Even if he wanted to infuse the charges, he could only move closer to the charges in Lin Run's memorial.

If you escape without authorization, you will definitely not be able to escape, but he will definitely talk about Yan Song's old age, and it is likely that he will become less important to Emperor Jiajing.

As for slandering the court, raising dead soldiers, gathering crowds to plot against rebellion, after all, the incident happened in Jiangxi, so at this time, we can only see what evidence Lin Run could bring back.

Even if they want to make trouble in it, there is no time left.

"What else are you holding?"

At this time, King Yu saw that Li Fang still had a note in his hand and asked.

The one who can be sent with this note is something that the cabinet considers to be more important.

However, in the past few days, there seems to be nothing else except the storm caused by Lin Run's impeachment memorial.

"This is His Majesty's order to suspend the Baoyuan Bureau's minting of coins."

Li Fang hurriedly answered, and raised her hands and handed the note in her hand to King Yu.

"Suspend coin?"

Hearing Li Fang's words, the people in the room turned their attention to the note, and were curious why Emperor Jiajing issued such an order.

To mint coins, naturally, refers to minting copper coins.

However, the copper coins cast in the Ming Dynasty were very different from other dynasties in the past, that is, the copper coins cast were not for circulation, but for palace rewards.

Although, these new coins that have been minted are actually used for circulation.

The root cause of this contradiction is that there was no copper coins in the "money law" formulated by the Ming Dynasty since the Zhu Yuanzhang period, and the "money law" was implemented from beginning to end.

Although later generations called the Ming Dynasty's system of copper coins "Money Law" and the Baochao system "Money Law", this is an era when currency was mainly used in later generations, and coins did not withdraw from the market for various reasons.

However, it was not clear in the Ming Dynasty that the issue and recycling of Baochao, and the relationship between Baochao and coins often changed with changes in the market. The court intervened in the middle and late periods, resulting in the entire Ming Dynasty's money law in a state of chaos.

Since the Ming Dynasty Emperor Zhu Yuanzhang issued an edict to create the Ming Dynasty Baochao, the effect of the Ming court in solving domestic financial pressure was obvious, but the circulation of Baochao among the people was often not smooth.

The Ming court has also been committed to making active adjustments and management on the issue of banknotes, but in the end it has failed to escape the depreciation of Baochao and inflation.

In fact, the issuance of the Ming Dynasty treasure notes was not a reaction of Zhu Yuanzhang on a whim, but a system of inheriting the Yuan Dynasty.

Our country was the first country in the world to invent and use paper money. As early as the Tang Dynasty, "flying money" with the nature of modern bills of exchange appeared.

The "Jiazi" and "Huizi" in the Song Dynasty were already relatively mature paper money, and they were relatively mature paper money. The Jin Dynasty inherited the Song system and continued to use paper money and developed some.

By the Yuan Dynasty, it was more perfect on the basis of the Song and Jin dynasties, and a pure paper currency system was implemented, and gold, silver and copper coins were not allowed to be circulated.

Although both Song and Jin dynasties issued paper money, they were both used together with copper coins. As legal currency, in the late Jin dynasty, they issued paper money indiscriminately to solve financial difficulties, resulting in the depreciation of paper money and loss of credit.

Paper money instead of metal as a means of circulation, and sufficient reserves must be provided.

The banknotes established by the Yuan Dynasty avoided the phenomenon of excessive issuance of paper money in a systematic manner. In the early Yuan Dynasty, sufficient preparation funds were implemented for paper money. When local governments received new banknotes, they must first pay gold and silver as the basis, and concentrate the national bank in the national treasury to calm people's hearts.

In addition, the national political situation of the power organ that forced the implementation of paper money is relatively stable, which also makes the implementation of paper money possible.

During this period, there was a period of chaos in the paper money of the Yuan Dynasty. The reason was that all gold and silver were transported to the national treasury, resulting in the fact that there was no paper money convertible in various places, and actually became false notes without originality.

The Yuan Dynasty government immediately rectified the banknote law and stopped transporting silver in the warehouse, and the banknote value returned to stability.

However, since the seventh year of Dade, the currency depreciation occurred. After Wuzong ascended the throne, he abused rewards and spent a lot of money. He used the banknotes at will, causing the banknote value to fall even further. The subsequent policies failed to stabilize the banknote value again.

After the outbreak of peasant uprisings in various places at the end of the Yuan Dynasty, military expenditure surged and he was unable to control the value of money. In the end, the paper currency system of the Yuan Dynasty completely collapsed with the regime.

Zhu Yuanzhang, who had personally experienced the chaos of the Yuan Dynasty's Chaos Law, knew very well the pain and disasters brought to the people by the disadvantages of the Yuan Dynasty's Chaos Law.

Therefore, in terms of the design content of the Baochao system of the Ming Dynasty, he made a different creation from the Song and Yuan dynasties, that is, not establishing a reserve system, but forcibly promoting it with the authority of the government. This is a monetary system that is highly dependent on the strong political power and imperial power of the government.

In fact, the Daming Baochao is already highly similar to the current monetary system, with a system that uses national credit as a guarantee.

In order to promote the Ming Dynasty treasure banknotes among the people, the Ming court clearly stipulated that private use of gold and silver transactions would be prohibited, otherwise they would be punished by the government.

People can use gold and silver to the government to exchange treasure banknotes, but they cannot use treasure banknotes to exchange gold and silver to the government.

In terms of taxation, it is both money and money, and treasure money accounts for 70% of the proportion.

The one-way exchange system between Baochao and precious metal currencies reflects the policy characteristics of the Ming government's forced control of the country's currency circulation system, and can plunder wealth from the people for use by the court.

After the issuance of Baochao, the different use status of the government and the public was the key reason for the serious depreciation of Baochao in the later period.

With the powerful and unified government power in hand, the court simply issued paper money regardless of the laws of market circulation, just to solve the needs of the court.

Although it played a key role in military expenditure, salary and rewards of bureaucratic groups, due to the shortcomings of Baochao's own design system, Baochao is destined to be difficult to circulate among the people.

From the end of Hongwu to the early period of Zhengyang, Baochao has been depreciating, and has finally become almost waste paper after the Zhengyang period.

Although the inner court still printed treasure money to pay the salaries and rewards of officials, it was almost seldom circulated among the people, and the only ones were just to offset the annual taxes.

This may also be the reason why the Ming Dynasty was still being issued until its demise, because local officials could make huge profits.

That is, when taxes are collected, they are collected in kind and cash, and when they are paid, the portion is offset with the Daming Baobao. The difference between the two is huge, and the profits are far beyond the subsequent burn.

I can only say that the officials of the Ming Dynasty are really good at making money.

In Wei Guangde's view, in addition to the depreciation factors caused by the willful issuance, the exchange between the treasure banknote and gold and silver is also a very important link, and it is a very important way to ensure the value of the treasure banknote.

Let me ask, a considerable number of the banknotes issued by sovereign states in later generations did not establish a margin system, but the currency at that time could still guarantee the value of the currency. Why is this?

The currency exchange rates in later generations continued to change, but except in extreme cases, the currencies of various countries were still relatively stable.

There are problems with the Ming Dynasty Baochao system, and it will definitely not work if it continues. However, Wei Guangde felt that referring to the monetary policies of later generations, there would be a chance to introduce the Ming Dynasty’s new Baochao system after appropriate modification.

Under this new system, the treasure notes issued in the past must not be recognized, but this is too complicated and he did not fully think about it, but he had this concept.

However, at this time, the suspension of coining in Li Fang's mouth became interesting. Should the inner court stop rewarding? It is almost time to get the year of gifts?

Whether it is Yin Shidan, Zhang Juzheng, or Wei Guangde, they are very worried that Emperor Jiajing will be frustrated this year and will change all the annual gifts to the Ming Dynasty treasures, which is afraid that the entire capital will go on strike collectively.

However, unlike what they thought, I only saw King Yu take the note and look carefully, his brows gradually stretched from initial frowning to gradually stretching. Obviously, things did not develop in that direction he thought of.

"You guys can take a look, too."

While speaking, King Yu handed the note to Yin Shidan.

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The "Cash Law" designed by Zhu Yuanzhang should not be buried just like this, and it was misunderstood by future generations. The lack of a reserve system is not the fundamental reason for the failure of Baochao.
Chapter completed!