"Prime Minister, if the paper money you mentioned is just a replacement for metal coins, I feel that it will be hard for others to accept it."
Black Dragon Herrlöw was obviously not interested in paper money. "In my opinion, gold and silver coins are more practical. If you give me paper money, I feel that it is as worthless as a newspaper …"
This was actually the opinion of most people. However, the other lords were shrewd and did not express their opinions hastily.
Speaking of which, the Dragons thought of themselves as "advanced creatures" mainly because of their extremely strong bodies. As long as they could live to adulthood, they could basically do whatever they wanted on the continent. Apart from their biological advantages, their inheritance also determined that their brains and magical attainments were superior to humans … This was not an inference, but a conclusion made after countless challenges by humans and other humanoid races.
However, this perception, in recent months, was gradually being dispelled by the higher-ups of the Dragons. The technology that Roddy used in the war, as well as the lessons taught by the honorary elders, clearly outlined the outline of a higher civilization …
Roddy did not dare to brag about how advanced Earth's civilization was in the 21st century, nor would he look down on how backward this world's magical civilization was. In fact, the knowledge that he and Kardashian brought was not limited to simple applications such as thermal weapons technology or railway transportation. The most important point was the promotion of scientific methodology. This was a logical system that could be applied to all things. Its existence was equally important to the exploration of magic.
Because the Dragons were intelligent, they vaguely felt a sense of reverence.
Victor had a very deep understanding of his daughter's changes. At this time, he did not casually ignore Roddy's opinion like before. He said aloud, "Prime Minister, can you explain a thing or two to us?"
"Currency is a very complicated theory. I can only briefly state the most practical point here. In the past, the metal coinage system had a very high rate of wear and tear. Long-distance transportation …"
Rody spoke frankly and with assurance in front of the Feudal Lords. Not long after, he was surrounded by about ten Elders. This scene was quickly captured by the reporters.
"If it is changed to paper money, because it is easy to carry, on average, if the weight of goods carried by each person is reduced by 10%, then with an excellent network system, including the consumption in the process of use and dissemination …"
The Dragons were too small, so they had not yet calculated the loss of currency in a country with millions of people. The suzerains began to ponder, but Iscar, who was standing in another corner, whispered to Kardashian. "Why do I feel that the Prime Minister is just talking about the most superficial things? If it's just to reduce wastage, why do we need to spend so much effort on paper money? "
Several Honorary Elders also attended in splendid attire. The accessories on their bodies were of the same level as the Dragons Elders. As the owner of the Magic Tower, Edith was also chatting with Kardashian. Both she and Kardashian were wearing badges that represented the senior management of the Magic Research Department. The badges were even more powerful than the badges of the Minister of the Interior. Even the Dragons would be polite when they saw the badges.
Kardashian's posture was relaxed. She held a glass of wine in her hand and smiled. "Roddy has a lot of ideas. Of course he likes to hide the most important things."
Black Dragon Herrlöw Rubens was not as impatient as before, but he still could not hold back. He covered his mouth with his hand and mouthed, "Then … tell us about it?"
Kardashian knew that the few people in front of her were Roddy's most trusted subordinates, so she glanced at the calm Edith and coughed softly. "Then I'll explain it simply. As the government that issues the currency, you set an official exchange rate. For example, one gold coin is equal to one hundred dollars … Then, ordinary people have to exchange paper money according to this exchange rate. But as the government? As long as the country's economic development can keep up, and at the same time, the domestic situation is stable, the amount of money issued can be increased infinitely. "
Essien was the first to react. "Isn't that equivalent to overdrawing the country's credit as collateral? Well, if more paper money is issued, won't the price of goods rise? "
Kardashian did not speak, but the few of them were smart. Iscar nodded. "In that case, the Prime Minister intends to use this method to temporarily 'repudiate' the debt, and then evenly distribute the risk of the debt crisis to the people of the country. As long as you use paper money, it is equivalent to bearing part of the debt for the cabinet …"
After saying this, the few of them looked at each other, feeling incredulous. The debt crisis was the first big problem to be solved after the end of the war. They all knew that if the debt could not be paid, then the country would definitely have a big problem … Without money, they could not control the army and nobles. Under the frequent turmoil, Sally the First's prestige would definitely decline rapidly. It might even become a situation where warlords were divided again.
They originally thought that Roddy would quickly repay the debt by vigorously developing technology and quickly reselling arms. In the end … this problem seemed to be easily solved with the invention of paper money?
Just as the few honorary elders were trying hard to digest this shocking news, Pucasto's heroic voice came from Roddy's side. "Afraid of the circulation problem? That's easy! When the time comes, we can print the emblem of our Black Dragon Herrlöw clan on it. Isn't this credit guarantee enough? "
When he mentioned this, the other lords also did not want to be left behind. "This is a good idea. In fact, according to the Prime Minister, we can also use this kind of currency within the Dragons. Even if the usage of gold coins is not large, it is really convenient for transfer and storage. Those juniors often go back and forth a few times just to transport those copper and silver coins. Heh, it's really silly. "
Therefore, the five lords decided on the spot: not only would they develop anti-counterfeiting and durable paper money, but they would also print the Dragons' language and the emblem of the Five Great Dragons on the paper money. They would also use it themselves to prove the stability of this alliance!
Roddy agreed very calmly, still smiling. But when Iscar and the others heard this, they all looked at Kardashian and Edith. The latter did not say anything before, but now she sighed. "I really admire the Prime Minister … He used the country's credit as collateral. In fact, it is enough to get through this debt crisis. But with the addition of the Five Great Dragons … "
She did not say what the consequences would be, but the few honorary elders all understood one thing: their research funds would definitely not be lacking in the future.
This kind of currency had not been released yet, but it had already determined the status of the entire continent's "hegemonic currency" in the future. Compared to the Earth's US dollar, Roddy's sudden appearance of financial plunder … was far more powerful than the Forbidden Spell to the other countries and civilizations on this continent.
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