In this country, science and engineering, literature, art, medicine, including basic disciplines, are full of talented people.

But only in economics, there is really no research...

Otherwise, with the assets it has inherited and the efforts of the upper class to promote economic development, the country's economy should be developing very well.

Why has it never become truly rich? Even during the more than ten years of rapid economic development, it only accounted for the soaring international energy prices.

The real economy has never been good. Except for oil and natural gas, there is no pillar industry that can be used.

The bottom line is that even in the entire country, there is no one who is a master of economics.

In other words, among the top political leaders, there are no people who really understand economics!

All the members present here obviously know that Director Mikhail is a real business tycoon, and his understanding of economics is beyond their level.

When I asked this question, I probably didn't want them to answer it, just to elicit the next words.

Therefore, no one dared to show off a few words. Everyone remained silent, waiting for Wang Ye to continue.

Wang Ye looked around, but no one spoke, so he continued:

"Economics is complex, but it can also be simple.

From my understanding, if you want to promote the prosperity and development of all walks of life in society, the most important thing is to let money start circulating!

There is such a story.

There is a small city, which is relatively remote and backward, and the economy is not good. Everyone's life is not very easy.

On this day, a businessman from other places passed by this city and planned to stay for one night, so he found a hotel.

He spent 10,000 rubles and booked the best suite in the hotel.

After the hotel owner got the money, he immediately paid the wages owed to the hotel employees.

After the hotel employees received their wages, they suddenly had so much money in their hands that they went to the mobile phone store on the street below the hotel to buy a new mobile phone.

After the mobile phone store owner sold his mobile phone, he quickly paid the rent and water and electricity bills owed to the hotel.

The money went around a circle and returned to the hotel owner.

At this moment, the businessman from out of town went to the room to look at the room and felt that the accommodation conditions here were too poor. He was not satisfied, so he asked the hotel owner to get his accommodation fee back and left...

Think about it, everyone, the hotel owner didn't make a penny, but everyone paid off their debts, and some people also made purchases, which promoted the circulation of goods.

What does this story illustrate?"

Having said this, Wang Ye stopped and looked at everyone.

The dozen or so committee members present had different expressions.

Some were frowning and thinking hard, some were looking down and wondering what they were thinking, and some had blank faces.

Yes, the story Wang Ye told is indeed quite... "weird".

Obviously no one made any money, but why was everyone’s debts paid off, and the hotel employees even bought new mobile phones!

Wang Ye didn't expect them to give any answers, so he solved the mystery himself.

"This story tells us that the economy is not about money, or more than money, but the flow of money!

Only when money can flow can various economic problems and even social problems be solved.

So in real society, who will assume the role of foreign businessmen?

In my opinion, foreign investment is best, which is one of the reasons why countries around the world are trying their best to attract foreign investment.

If there is no foreign investment, or if the amount of foreign investment is not enough, how should we solve this problem?

I think banks can take on this task!”

Having said this, Wang Ye paused again, leaving time for everyone to think.

When some committee members heard this, they already somewhat understood what Wang Ye meant, with expressions of sudden realization on their faces.

"Director Mikhail, do you mean... to let the central bank issue more currency? Wouldn't this cause a large-scale devaluation of the currency?" One of the members should know a little more. After thinking about it, he couldn't help but worry.

asked.

You know, over-issuance of currency is very simple, it just requires the money printing machine to work overtime, and there is no cost.

If this can make a country rich, wouldn't it be too simple? Every country should do this.

Therefore, printing money is very simple, but the key is that it will cause currency devaluation, which will lead to inflation!

That's a big deal. I don't know how many negative examples there are.

Like the “Zimbabwe currency” that everyone laughs about...

Wang Ye nodded, "It is indeed possible that such consequences will occur, but it is not inevitable. Have you noticed that there are actually other countries that are also issuing excessive amounts of currency, but their economies have not been affected and their currencies have not depreciated.

On the contrary, it has developed quite well.”

Wang Ye did not explain in detail which countries have achieved good results in doing so.

If these committee members still don’t understand it by now, it only means that their economic knowledge is too lacking...

Wang Ye originally did not intend to have "academic discussions" with them, he just needed them to agree with his economic promotion plan. The real executors are the central bank, the financial department, the commerce department and other government agencies!

The people in those departments are the real professionals, and presumably those professionals should be able to understand their intentions.

So he said again:

"So, we need to learn from the good experiences of other countries, learn from the lessons of failure, and sum up a set of economic promotion plans that are suitable for the actual situation of our country.

Time waits for no one. Maybe many people don't feel it, but I think that within the next ten years from now, it will be the ten years when our country's economy begins to take off, and it will also be the ten years when the international environment is the most relaxed and friendly!

If we can seize this opportunity, then our country will still be a world-class country and a powerful country, which will benefit future generations.

If we cannot catch him, needless to say, everyone here, including me, will be the sinners of the country!"

This chapter is not over yet, please click on the next page to continue reading! What he said was a bit harsh, and everyone in the conference room was a little awe-struck, and subconsciously sat upright.

After picking up the water glass and taking a sip of water to moisten his throat, Wang Ye continued to preach:

"My plan is this.

The government issues treasury bonds, and the central bank issues currency to purchase them, which is equivalent to the country borrowing money for development.

In my opinion, our country's current debt is not large enough. There is no need to rush to pay off the debt, but to continue to expand the scale of the debt!

As long as our total GDP growth exceeds the annual growth in debt interest, there will be no risk.

Therefore, the upper limit of the total amount of government bonds we can issue at this stage is very high.

Then the first link, which is where the money comes from, is solved.

The second link, where the money is used, is even more critical!

Just having money without effective circulation will not only fail to promote economic development, but will become just a number and a debt burden, which can only generate the burden of interest!

Therefore, how to use money and where to use it are very important!

I have heard this saying, if you want to get rich, build roads first.

Very simple words, but contains profound economic knowledge.

Why build roads?

In fact, this is just a nickname, because roads connect various areas, facilitate people's travel, and are also conducive to the efficiency of commodity circulation.

After all, the real meaning of this sentence is still circulation.

Following this line of thinking, it is obvious where we should spend our money.

Therefore, my proposal is that the Duma and the Kremlin should take the lead and be led by the government to start our era of large-scale infrastructure construction!"

After speaking, he waved his hand, and the assistant Nova behind him quickly stood up and distributed the "Big Infrastructure Plan" that had been prepared to all the committee members present.

This information is the highlight of Wang Ye’s work after he became the new director of the Economic Committee!

This is what he will push to the end in the next few years.

This "Big Infrastructure Plan" mainly includes the following points:

1: Strengthen the construction of network infrastructure such as transportation, energy, and water conservancy

This is a top priority and will include projects related to the national economy and people's livelihood, such as highways, railways, power grids, and oil and gas pipelines.

It is also the main artery for rapid economic development in the future!

Two: Strengthen infrastructure construction for industrial upgrading of information, technology, logistics and other industries.

This one is to make full use of the large number of high-quality talents in the country and create good entrepreneurial and job opportunities for them.

Three: Strengthen urban infrastructure construction.

It can be said that this article is proposed for major cities. Wang Ye's goal is to build these major cities in Damao into the most ideal cities for living and working in Eastern Europe.

In this way, a large number of talents and labor forces from neighboring countries can be attracted to work and live, creating a siphon effect.

By the way, it can also solve the problem of too small domestic population in Da Mao...

To be honest, there are so many neighboring countries and so many people, and most of them speak Russian. It would be a huge waste not to use them!
To be continued...