Heavenly Dao Formula Chapter 723: Where does wealth come from

Mo Yun naturally does not know the true meaning of liberation.

She simply understood it as a literal meaning-to liberate the people in other states and cities who were still oppressed by the wealthy families or warlords.

Mo Yun is satisfied with this allegorical name. Coupled with the situation that Xia Fan outlined the Jiefang, flooding the streets and alleys, it made her feel more emotional. Now that Ning Wanjun has woken up, the burden on her shoulders has been relieved, and she can finally devote herself to the design of the mechanism again, almost not wanting to waste every quarter of an hour. As a result, she waved Xia Fan out of the Bureau of Mechanical Engineering, and then immediately began research on large-scale production.

Looking at the back of the other party hurriedly leaving, Xia Fan's mind suddenly came out inexplicably--a man would only affect my efficiency in studying technology.

In the evening, Xia Fan took Li Gong, the chief of the finance department, to the villa. When the latter entered the guest hall of the villa, he found that besides His Royal Highness Ning, there were two other people sitting in the room. They are a male and a female, with obvious alien characteristics. Li Duojin immediately guessed that the other party was the benefactor Xia Fan had brought back from the West Pole. The male is an attendant, and the female is Princess Twilight of Natantin.

He solemnly bowed to the woman before sitting down opposite Xia Fan.

For Li Duojin, the new situation of Jinxia has become more and more obvious now-for example, in the past, only the princess would sit alone in the first place, but now she will pull Xia Fan to the side and form a tie for the first place. The kid might not have noticed this mind, but he would definitely not miss it. In the eyes of Grandpa Li, he was very pleased. He regarded Ning Wanjun like a half-daughter. Although he knew his status was incompatible, this kind of mood had been formed for a long time. He originally thought that the princess wanted to avenge his mother, and would not look at other people at all. He didn't expect that the other party would have a day of enlightenment.

"Now that everyone is here, I'll talk about the things I want to talk about tonight." Xia Fan said with a relaxed expression, "I plan to test the issuance of banknotes in Jinxia to replace the existing silver payment system. "

After dealing with Master Xia for so long, Li Duojin has long been surprised by his new words, "Does this bill... refer to the receipt of the bank?"

Few people have heard of this stuff, let alone used it, but Grandpa Li is one of the few.

Due to the inconvenience of transportation of large amounts of silver, several large banks in Xu country united and issued some bank receipts. Merchants held these receipts and could exchange them for the same amount of money at the banks in Shangyuan City. When he was preparing funds for the rebellion for Ning Wanjun, he turned part of the money into receipts. First, it was convenient to store, and second, if they failed and fled to another country, receipts were easier to cash than jewelry.

But its shortcomings are also obvious. That is to prevent counterfeiting, Xu Guo Bank will change the receipt every six months, and the holder needs to change it on time, otherwise it will easily cause disputes. Although the old receipt can be used to get the money back after passing the identity verification, unless the person is in Xu, the time spent in the process is usually measured in months.

The second issue is reputation. Not all receipts issued by everyone can be exchanged for money-Nanxi Bank, led by Xu Guo, already existed during the Yong Dynasty, and the reputation accumulated over a hundred years can make other merchants willing to exchange it. There are not no big merchants in Shangyuan City. I tried, but all ended in failure without exception.

"No, it needs to be more direct." Xia Fan replied, "Paper money circulates not only between the banks, but also between the merchants and the people. In short, people can take the paper money directly. Buy rice noodles, clothes and other daily necessities. Didn’t Jinxia have issued seafood rolls and food stamps for the bureau before, and banknotes are equivalent to a collection of them, which are more versatile and almost all-encompassing."

Grandpa Lee took a breath.

This is the right of coinage.

It's just replacing minted copper coins with paper money.

Jinxia coin coinage, he definitely agrees with ten thousand hands. As the future monarch, Ning Wanjun naturally has the privilege of coining coins, but with paper money, the situation is very different... This thing is very low cost, come in. The speed is absolutely top-notch, but the risk is also terrible! Let alone whether people want to recognize it or not, the paper has no value. If there is a risk of distribution, the people will find that the money in their hands becomes waste paper. This will damage Jinxia's future!

"Why did you suddenly want to do this?" Ning Wanjun couldn't help being a little curious, "If someone else came to mention it, I would definitely think he wanted to take the opportunity to make money."

"Because Jinxia City needs money." Xia Fan said concisely.

"Master Xia, our warehouse still has a surplus." Grandpa Li coughed twice, "and this year's revenue and expenditure should be able to sustain."

That means there is a surplus.

Xia Fan has also learned about the financial situation of the Bureau. The opening of the school and the expansion of the Bureau of Mechanical Engineering have almost sucked a lot of funds. The profit is the Fang's logistics share, port trade tax, real estate income and salt tax. In order to ensure the stability of salt prices, the salt tax is not too much, but there is a tendency to be caught up by real estate income. As for the other two, they are just a drop in the bucket.

If it weren't for the silver supplied by Equestria on time, and the additional purchase money for weapons, Jinxia would have gone bankrupt. But the problem is that several schools have been built, but they are all located in the capital. It is still a dream to spread all over Shenzhou. Not to mention the statewide road infrastructure, more government and animal factories, medical and health systems, and a larger scale of education and popularization.

In fact, precious metal currencies have become the threshold for Jinxia's rapid expansion.

"Jinxia will need a lot of money in the next two decades. This sum of money may be more than all the silver produced by Liuzhou Domestic." Xia Fan stated, "In order to avoid the market shrinking caused by insufficient circulating funds, We must make arrangements in advance to encourage the further development of the market, and at the same time give the bureau more room for display. Since silver mines and copper mines cannot be digged so quickly, paper money is the only choice. Take a breath.

Jinxia needs more silver than the six countries combined? What is this concept?

That includes the accumulation of countless wealthy families and princes and nobles over thousands of years!

Is he really sure that the land of Her Royal Highness can produce so many goods?

Ning Wanjun smiled, "It seems that you have already planned to do this. Grandpa Li, is there any difficulty in this matter?"

Not to ask if it is feasible, but to ask about the difficulties, it proves that the princess has agreed to this decision.

Grandpa Li scratched his head, "There are many difficulties. The first is to make people willing to use it. If it is not handled well, it may even affect the prestige of His Royal Highness. The second is anti-counterfeiting, in case it is caused by people with ulterior motives. People will be worried about using it. In addition, how much paper money is issued, how much it is used, and how to control its flow are all major problems." In a sense, receipts have all the shortcomings and side effects. To be more than a hundred times bigger, "In short, Master Xia must be cautious."