"Yamachō!"
After leaving the workshop, Li Zexuan went straight to Yanhuang College and asked someone to call Li Ke over.
"Mm! Have a seat! "
Li Zexuan pointed to the sofa opposite him.
"Thank you, Yamachō!"
Li Ke thanked him and sat opposite Li Zexuan.
"Little Ke, how are the preparations on your side?"
Li Zexuan asked calmly.
The preparations he was referring to were the preparations for the introduction of paper currency in the College.
Li Ke replied, "Yamachō, I've already spoken to Gu Xiaomao. He said that he supports the College's introduction of Tang Yuan. Although he didn't say it explicitly, I can see his concern. He's worried that someone will make fake Tang Yuan and buy things from him!"
Li Ke was the King of Han, so Gu Xiaomao had to give him some face no matter what. Moreover, Tang Yuan was the currency that Li Zexuan had promoted. The Gu family's wealth today was all because of Li Zexuan's help. Therefore, no matter what, he had to support this Tang Yuan!
Li Zexuan heard this and smiled confidently. "Mm! Tell him not to worry. I'll teach everyone how to differentiate between real and fake Tang Yuan. As long as they remember the characteristics of the real Tang Yuan, they won't be cheated by fake Tang Yuan! "
Li Ke's eyes lit up. "So, Yamachō, you're very confident in Tang Yuan's security?"
"Haha! Of course! "
Li Zexuan smiled proudly. "Little Ke, you don't have to worry about Tang Yuan's security. The most important thing now is to set up the Yanhuang Bank as soon as possible."
"How does Yamachō plan to set it up?"
"Since the Tang Yuan was initially only circulated within the Academy, I plan to invest 100,000 strings of cash to enter the bank as a deposit. Anyone in the Academy who has a Tang Yuan can exchange it for copper coins equivalent to the face value of the Tang Yuan! Similarly, they can also exchange copper coins for Tang Yuan of the same value! "
Li Ke was puzzled. "Yamachō, why do you need so much money as a deposit? I think that with your prestige in the academy, there's no need for that at all! "
Logically speaking, 100,000 strings of copper coins was definitely a shocking amount of wealth. Even if Li Ke was born into the royal family, he did not have that much wealth.
Li Zexuan smiled and explained, "Little Ke, there is a problem that you need to understand. Tang Yuan is just a kind of credit currency. It has no value in itself because it is not a commodity.
The so-called value was the indiscriminate human labor condensed in the goods. When humans produced goods, they had to consume human labor. Labor could form value. The greater the amount of labor, the greater the value. The smaller the amount of labor, the smaller the value. Only goods had value. On the other hand, Tang Yuan did not consume human labor, so he was not a commodity and had no value.
Therefore, as a trustworthy currency, if you want people to believe in it, you must have real gold and silver as a guarantee. Otherwise, if you want to rely on a piece of paper with patterns and lines to make people obediently give you their hard-earned money, how can there be such a beautiful thing in the world? "
Tang Yuan was a kind of paper money. Those who studied political economy knew that paper money only had a use value, but it had no value. Therefore, it could not be used as a commodity. Paper money had no value, so it could not be used to measure the value of other commodities. Therefore, paper money could not be used as a measure of value.
In the first year of the Northern Song Dynasty, when the Jiaozi first appeared, sixteen wealthy merchants in Chengdu jointly invested 360,000 strings of copper coins as a deposit. Under the organization of Zhang Yong, the Yizhou Jiaozi was established. That was when the history of China's currency officially began!
"Trustworthy currency? Commodity? Value? "
When Li Ke heard these new terms, his mind couldn't help but be confused. He paused for a long time and barely digested about 50-60% of it. He then asked, "Yamachō, then when students exchange copper coins for Tang Yuan or Tang Yuan for copper coins, will the bank charge a certain amount of fees? Otherwise, how will they survive?"
When Li Zexuan heard this, he looked at Li Ke in surprise. He thought that this kid was a promising talent. He could even think of something like a fee without a teacher.
"Haha! Little Ke, your suggestion is very good! But in the early stages, the Yanhuang Bank only serves the Academy and not to make money. When the Tang Yuan is recognized by more people, we will implement your suggestion! "
Li Zexuan looked at Li Ke and praised him.
"Oh! Yamachō is benevolent and righteous! "
Li Ke could hear the praise in Li Zexuan's words and felt a little happy.
"Little Ke, you seem to be very interested in the matter of money?"
Li Zexuan asked with deep meaning.
Li Ke scratched his head and said embarrassedly, "I'm not interested. I just feel that if I use mathematics in the area of money, there should be unexpected results!"
Li Zexuan nodded and said, "Little Ke, I'm very pleased that you can think of this! Actually, money also has a lot of knowledge. I call it economics. If you're really interested in it, I can teach you in the future! "
Since Li Ke was so passionate about economics, he would guide him in this direction. After all, if the Yanhuang Bank were to expand in the future, the Imperial Family would definitely have a stake in it. After he nurtured Li Ke, he could let Li Ke participate in the daily management of the bank as a representative of the Imperial Family!
"That's great! Thank you, Yamachō! "
Li Ke stood up in surprise and clasped his hands to Li Zexuan.
Li Zexuan waved his hand and said, "I can't teach you much. At most, I can bring you under the tutelage! However, I hope that you remember that economics is broad and profound. It's a powerful sword, but at the same time, it's also a scourge. If used well, the country will be rich and the people will be strong. If you act recklessly because of a moment of greed, the powerful sword will turn into a scourge and cause the Tang Empire's economy to collapse! Thus, as long as you are involved in economics in the future, you must maintain a respectful heart! "
Actually, he wanted to explain the way of banking to Li Ke. The Yanhuang Bank was like the banks in his previous life. Once the Tang Yuan currency became popular in the Tang Empire, the Yanhuang Bank would become an important department comparable to the Ministry of Revenue and directly control the economic lifeline of the Tang Empire.
At that time, if someone couldn't resist the temptation of money and started to issue excessive amounts of money, the Tang Empire's economy would definitely collapse. Wasn't the Ming Dynasty's banknotes the same?
Li Ke said seriously, "Yamachō, I will remember what you said today and never forget it!"
Li Zexuan nodded and said, "En! Then you can go and do your work! The Tang Yuan and the bank will be activated in two days. You can come over to help then! "
"Yes, Yamachō!"
…
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