"When will you get your capital back?" Bi Gou was confused by the big pancake that Li Yi had drawn for Tubo. He instantly recalled the bigger pancake that Li Yi had drawn for Tubo.
He was skeptical and forced himself to stay calm. Was Xiao Yi digging a hole again?
"What?" Li Yi was holding the bowl and drinking the soup, so he didn't hear clearly.
"The payback period." Bi Goo changed the way he phrased it.
"Based on the annual interest rate of 5%, ten years." Li Yi picked up a fried egg. He didn't dare to eat the soft-core ones.
"An investment of 10,000 cun and a payback of 1,050 cun a year? How come there's still money? Do you want to add compound interest? "
Bi Goo instinctively calculated, but then he was puzzled.
If the Li Family Zhuangzi exchange coupon didn't depreciate, why did he raise the interest rate?
"As long as the imperial court collects taxes and includes non-production costs in the transaction, I can maintain the currency without depreciating, but the goods will depreciate.
The depreciation will not be reflected in the currency, but in the goods.
Using the depreciation of goods to stabilize the currency value is a concrete manifestation of the transformation of production technology into productivity.
The more technical something is, the more it depreciates under the social system that promotes the advancement of technology.
Coincidentally, the thing we want to repair is of this kind. There will be better things to replace it in the future, so I'm giving you an interest rate. "
Li Yi said the ugly words upfront. This thing will depreciate.
In the first year, it definitely won't be an investment of 10,000 cun and a payback of 1,050 cun. It might be 3,000 cun or 4,000 cun.
Then, it will decrease year by year. In the tenth year, not to mention 1,050 cun, even 150 cun would be a lot.
Li Yi calculated based on the payback of recovered funds and reinvestment. If he counted reinvestment, it would depend on whether the reinvestment was profitable.
Without considering the overall social environment, this model was the same as real estate development.
Development with loans, sales of future houses, recovery of capital, recovery of capital to buy land, mortgaged land, development with loans, sales of future houses …
This was called the extreme cash flow model. If there was a problem with one link, the entire cash flow chain would be broken, and everything would be useless.
The fact that Li Yi was able to give such an investment payback period and profit meant that he would control the relative depreciation caused by economic growth to be at 50% in the next ten years.
Li Longji raised his hand and pinched the space between his eyebrows, "Brother Yi, where does the 50% increase and depreciation in ten years belong to?"
"Staple and non-staple foods are all in the Tang dynasty, not the capital government. Next year, the capital government will be able to make at least 30% staple and non-staple foods.
At the same time, the original value of the exchange coupon remained at its current level. It did not depreciate or increase in value.
After the rise of the Tang dynasty, the currency remained the same, but the value of new goods and the prices of luxury goods changed.
The consumption of the commoners and the focus of their consumption also had to change, and the Imperial Court's tax revenue had to increase by a lot.
Expansion of existing industries, new products, and new industries continue to grow, fiscal savings … savings … "
Li Yi looked at Bi Goo as he spoke. Bi Goo had been listening the whole time. He had even put down his chopsticks.
"Xiao Yi, leave some for me! I can't spend it all. What if there's an emergency? "
Bi Goo actually understood. He didn't want to spend it all. Keeping the money in hand would make him feel at ease.
"If there's a special situation, can't I just temporarily overpay? After the overpay, I'll slowly collect the collateral.
During the overpay process, who can manipulate the exchange coupons? How big is that?
If I overpay by 10%, who can raise the other 90% of the exchange coupons to run a bank with me?
Believe it or not, if I throw out a new technology, not only will the 10% overpay be smoothed out, but there will also be an additional 10%. "
Li Yi was not afraid of such a situation. The Tang dynasty's economy was stable. He didn't need to come up with new financial tools.
"Long Ze, there's also overseas trade. The officials are different from when Jiuling was in the secret memorial. "Yao Chong didn't think there was anything wrong with Li Yi spending so much money.
When he was the Prime Minister, he still owed the officials salaries, so it was not easy to arrange more officials.
Now, there were many officials, so it didn't matter. He could afford to raise them. Those who passed the imperial examinations and didn't become officials for a few years, now … … they can only be lower officials.
5 years ago, those who passed the Jinshi exam wanted to be an official outside the capital. They were not in Henan Province, so they had to find a place to be a County Magistrate.
Don't be a Jinshi. I'll wait for a better position to appear. I can bribe. If there's a vacancy, arrange it for me.
I'll wait for more Jinshi to appear. These newly qualified Jinshi will immediately go to the village to be an official and assist the village.
If they are good enough, they will be the County Registrar, Deputy County Magistrate, County Lieutenant.
These people will work hard and wait for a promotion.
Previously, a County Magistrate who didn't want to be a Jinshi looked for a way out. Fine, I'll go.
Unfortunately, it's too late. At that time, you didn't want to be a Jinshi. Now, someone else will be a Jinshi.
One was a Jinshi three years ago. After the exam, he went to the village to lead everyone to make money. Later, he was promoted to a Deputy County Magistrate outside Chang 'an.
The other was a Jinshi six years ago. He had been staying in an inn. He usually looked for people to compose poems and drink wine.
He asked the local people who needed a County Magistrate. Who should they choose?
What the people knew, the Ministry of Personnel knew even better. Otherwise, why would Wang Han be so anxious? The Tang dynasty lacked everything except Jinshi.
"You really can't keep some?" Bi Goo still wanted to insist.
"Aren't the taxes paid continuously? The money spent at the end of the year is not all spent at once. Before the budget for next year comes out, there will be more taxes. There will be money in the account of the Ministry of Revenue. Eat! "
Li Yi regretted it! If he had known, he wouldn't have come out for breakfast. The soup was already cold.
"Eat. You don't go to the Political Affairs Hall. I have to look for you during breakfast."
Su Yi sympathized with Bi Goo. He felt the same way.
When the Political Affairs Hall encountered a big problem, they didn't dare to make a decision. They had to ask Li Yi first. Small problems were not a problem.
"I'm done eating. I'm going to play with my friends. We agreed to pick wheat today."
The little fellow drank the last mouthful of goat milk and wanted to go out to play.
Xiao Lan, a farmer who was about the same age as him, was a child of Zhuangzi's neighbor. Today, they agreed to pick wheat in the field and return each grain to the granary.
They cultivated their sentiments, exercised their bodies, learned cooperation, unity and friendship.
"No one will go out today, right?" Li Yi asked when he saw the palace maid take the little fellow away.
Everyone shook their heads. The Li Family Zhuangzi worked in the office and didn't hold court meetings.
Guo Ziyi, who was eating at another table, stood up. He accompanied the little fellow out. The Emperor didn't leave, and neither did Li Dongzhu. But the most precious person was protecting him.
"Officer Guo, give me a hug." The little fellow opened his arms.
Guo Ziyi directly grabbed the little fellow's shoulders with both hands and lifted him up. He put him on the crook of his right arm.
He could attack with both hands. Putting the little fellow on his right arm could paralyze possible enemies. In fact, his left arm was just as good.
"Brother Guo, let me tell you. When I came out, my pocket was full of pine nuts. I'll give them to you later. Don't make a sound. Just listen."
The little guy patted his bulging shirt and trouser pockets with his two small hands, making a rustling sound.
He indeed packed a lot. These were at least one and a half catties.
"Go and call Old Qin and Old Fan here." Guo Ziyi adjusted the position of the little fellow on his arm and said to the person next to him.
The people he was looking for were Qin Li and Fan Fan. With these two people, he could be completely relieved.
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