"Brother Yi, this money is good." Li Longji said as he looked at the pile of coupons during dinner.
"It's not money, it's coupons. Children can use it to exchange for snacks and opportunities to play."
Li Yi did not admit that he was printing money. Could money be made casually?
Money could be used for planting mulberry trees, raising silkworms, weaving, etc.
"Yes, it's coupons." Empress Wang supported.
Li Chengqi poured wine for Li Yi: "You print it first and see if it's useful. When it's useful, let His Majesty know.
When the time comes, the Tang dynasty can directly print money and call it Kaiyuan Tongbao.
When you spend money, you don't have to carry a lot of heavy things. It's most convenient for people who travel long distances. "
"The benefits are not only that it's lighter." Li Longji also said: "There are too many silks now, and the rich have piled them up in the warehouse. The common people have to plant mulberry trees, hemp, and raise silkworms."
Li Longji thought of selling a lot of mulberry trees and hemp for the common people to use to grow food.
Planting mulberry trees and raising silkworms would waste time for the common people who were actually given less than 100 mu of land.
It was better to plant millet. Even if the land was not good enough, they could plant beans. If there were few beans, they could extract oil and make tofu.
When the time comes, copper would be used to make tools, and the common people would use paper money.
"We also need to improve the papermaking process to make paper money more difficult to imitate. Also, it involves the number of issues. "Li Yi was not so optimistic.
Li Longji and Li Chengqi were deep in thought as they ate and drank slowly.
They knew that they could not print too much money to buy things. How much money to print was a problem.
After a quarter of an hour, Li Longji asked Li Yi.
"Brother Yi, do you think it's feasible to distribute the money according to the rent collected last year?"
"If it's distributed, the common people will have money in their hands. In the future, will they pay money to pay rent or pay grain?" Li Yi did not answer but asked a question.
"Of course, they will pay grain." Li Longji said immediately.
"The money printed by the imperial court can't be used to pay rent. Are the common people still willing to use the imperial court's money?" Li Yi asked again.
"Then they will be allowed to pay." Li Longji said.
"The price of grain varies from place to place. The grain is cheap at harvest time. How much should we pay?
Originally, they should have paid one dan of rent, but because the grain was cheaper, they had to pay less.
The imperial court will take that money and buy grain from other places. If they can't buy the grain that they rent, the imperial court's income will decrease. "
Li Yi raised another troublesome question.
Li Chengqi interjected, "Choose an average price. The price of food varies every year. Let's calculate the average price and let the people pay."
"When the commoners collect grain, the price of grain is low. According to the average price, they have to sell more grain.
Originally, one dan of grain would have been enough, but after converting it into money, the actual amount sold is one dan and a half. The commoners are at a disadvantage. "
Li Yi still wanted to say something. Look, that won't do.
Li Longji and his brother were worried. They couldn't do this or that. What was the use of printing money?
"If you want to pay, then pay. If you want to pay, then pay. If you want to pay, then pay." Empress Wang was the smartest.
"What about the price? If the price was too high, the commoners would not use the money. The circulation of money would be poor, and the commoners would not want it.
If the price of grain is unstable, other goods can be bought with paper money. The merchants will raise the price.
As long as one of the links is too high, all goods will start to increase in price.
At that time, paper money will be useless. The more we print, the more devalued it will be. "
Li Yi raised the issue of the acceptance of money again.
"Brother Yi, just say it. We don't want to think about it anymore." Li Chengqi simply threw his worries back.
"No." Li Longji shook his head, "There are copper coins now, but there is no mention of letting the commoners use copper coins to pay rent. They can use copper coins to buy grain.
When the paper money is issued, just follow the copper coins. At most, we will allow them to use paper money to exchange for copper coins. "
Li Longji thought of a solution. Yes, that's it.
At the same time, he also knew how much money to print. The imperial court would print as many copper coins and silk as they had.
When the time comes, the commoners would be allowed to exchange for the same amount.
The replacement of copper coins with paper money was for convenience. It was not to take money from the commoners all at once.
He told Li Yi his thoughts, and Li Yi laughed.
"That's right. This is the print quantity. When the commoners gradually get used to it and print more, they won't think about exchanging it for copper coins.
It will take a few years. My Zhuangzi will first try to issue exchange coupons. Zhuangzi has enough goods to sell.
When the commoners are familiar with Zhuangzi's exchange coupons, the imperial court will naturally issue paper money in the future. "
Li Yi was afraid that the imperial court would be anxious and issue a lot of paper money at once. The imperial court was short of money.
The next morning, the farmers brought the goods to Baqiao to trade with people.
When they needed to buy something from others, they asked if the other party was willing to accept exchange coupons.
They also said that they would enjoy a discount if they used the coupons to buy things on Zhuangzi. Only for this month.
When the other party heard about the discount, they immediately agreed.
Even if they did not buy the goods on Zhuangzi, they could still buy things from others.
When they were buying, they would negotiate the price. According to Zhuangzi's discount ratio, it would be cheaper if both sides gave way.
The one who suffered a loss was Zhuangzi. Zhuangzi had money and a 19-day discount period.
Zhuangzi had not made the version of exchange coupons worth more than ten coins. At most, they could only make ten coins.
When they gave a bundle, the other party counted the money. When the amount was right, they quickly took it and left to buy things.
"It's useful. If I had known, I wouldn't have driven a carriage to get money. Just put it in and it's done." A person who got money after selling things was happy.
"You have to put it in well. It's easy to lose it. The silk is big, so it's not easy to lose it."
The person who came over to sell bran carefully put his hand where the money was.
The person who came over to sell flowers said: "The denomination is too small. If it's bigger, others will be willing to accept it. It's more convenient."
"Your flowers are collected from various places. Why do you want a large amount?" The person who sold bran said with a smile.
"I plan to continue to subcontract. The price of fresh flowers is higher than the price of dried flowers. I will collect flowers from various places and save up. A lot of flowers will be dried."
The person who sold the flowers expressed his distress. He wanted people to collect from various places and settle the bill in one go.
If he turned around and sold them to the village, he would be able to make more money.
Zhuangzi used flowers to extract essential oil. He extracted more fresh flowers and less dried flowers. Naturally, the amount of money he gave was higher and lower.
In addition to merchants, the people who came to deliver wormwood and tea were more willing to choose exchange coupons.
They did not think that the exchange coupons could not be spent. The Li Family Zhuangzi had prestige.
Any random thing they took out was worth a lot of money. No matter how many exchange coupons Zhuangzi printed, there would be goods to sell.
Therefore, there was no need for evening. At noon, exchange coupons were popular in the east and west markets of Chang 'an.
Everyone found it interesting. They could just put it in and save a lot of trouble.
The merchants who had business dealings with the Li Family Zhuangzi could give more if they wanted to spend money.
"Your Majesty, the imperial court should hold the printing money. It can't be used by private individuals."
Yao Chong did not eat much at noon. He waited for Li Longji to finish his meal and immediately rushed over.
The other two prime ministers nodded. They could not side with Li Yi on this matter. It was too important.
"Minister Yao, do you know how much money should be printed in a year?" Li Longji was not in a hurry and asked slowly.
"How much? This … that … "Yao Chong was confused. Yes, how much should be printed?
"Your Majesty knows?" Lu Huaishen looked expectant.
"It's simple. How much to print depends on the income. From …"
Li Longji began to talk about the policy of issuing currency. Not only did they have to send it out, but they also had to stabilize the price.
When he finished, the three of them understood. They felt that they had completely mastered the knowledge of currency.
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