Chapter 222： decision making
"Borrowing money from common people's merchants, what style is this?"
"I'm afraid that the people will not easily trust the court and dare not borrow."
"If it's really impossible, you can start a donation, or start a new coin."
Everyone is not very optimistic about Hong Chengchou's suggestions. Some people feel that the court will lose face to the court if the court borrows money from the people, and some people feel that the people refuse to borrow.
Their worries are not unreasonable. In this era, the credibility of the imperial court is relatively poor. People who borrow money to the imperial court must always worry about whether the imperial court will pay it back.
Even if the court does not return it, they have nothing to do with the court.
Others want to implement the method of taxation, which is actually tax collection in disguise. And casting new money is actually equivalent to printing currency. Of course, the new money is not cast in the normal way, and a small amount of copper is mixed with other worthless metals to make new money.
In this way, more money can be cast with less copper, and a penny can be cast into two articles, three articles or even more, many dynasties have done this kind of thing.
In ancient times, the imperial court wanted to make money by collecting taxes and making money.
In Wu Changqing's view, these are all bad tactics. Increasing taxes will increase the burden of the people, and the people's spending power will decline, making it impossible to drive the economy. And casting money can easily lead to inflation and cause new money to be worthless.
A small amount may have a little effect on promoting the economy, but a large amount causes currency depreciation, which is a fatal blow to the economy.
This can refer to Zimbabwe in later generations, one trillion bills are flying all over the sky, but there is still no bread to buy. In the Ming Dynasty, you can also refer to the Daming treasure banknotes.
Daming Baochao is a paper currency issued by the Ming Dynasty. Because of its low cost, money comes quickly. A group of officials who do not understand the laws of economics desperately print when they see short-term benefits, leading to a flood of treasures, which eventually depreciate to nothing.
In the end, it also led to the most bizarre phenomenon. The people worked for the court, and the court paid wages with treasures. The common people could not buy anything on the market when they got the treasure. They used it to pay taxes, and the court did not collect it.
Ordinary people encounter this kind of thing, I am afraid that there will be 10,000 alpacas rushing past in their hearts.
Wu Changqing is not an expert in economics, but he also knows a basic principle that the amount of money should be linked to the total amount of social wealth.
The amount of money is less, and the problem of deflation is not too big.
But if the amount of money is too much, it will cause inflation, and the impact on society will be devastating.
Because of the backward statistical methods, Wu Changqing does not know whether he is currently in deflation or inflation, so he does not dare to cast new money randomly.
Even if it is to cast money, the copper content of the copper coin must be sufficient, and the silver content of the silver ingot must be sufficient, so that it will not have much impact on the society.
"No need to argue, just use the method of borrowing money from the people. I named it the national debt, which is the debt the country owes to the people. In the early stage, I tried my best to target merchants and officials as well as wealthy people from other places. A higher interest rate, 50% interest a year, is used to attract others to borrow money."
Wu Changqing interrupted their argument, and he didn't have so much time for them to argue between right and wrong.
Moreover, Wu Changqing did not think that they would be able to argue right and wrong if they continued to argue. It would be better to tell them the right way, and then let them learn and understand the benefits of national debt in practice.
50% of the interest a year, this interest will probably laugh those investors to death in future generations.
In later generations, 99.99% of the company's annual profits are not 50%, and even more than 20% of the companies are very few.
Generally speaking, a company with an annual profit of 15% is considered a high-quality company.
50% interest, I am afraid that no one will believe it in future generations, and will think this is a liar.
However, in this era, 50% of the interest rate is also very high, but the high is not outrageous. Some private loan sharks have higher interest rates than this.
Moreover, with the current economic prosperity in Jiangnan and other places, with money investing in business, profits can easily exceed 50% in a year. Therefore, at present, the interest rate of 50% is really not high.
Wu Changqing dared to offer this kind of interest because he was confident and could afford it.
The current five-jin **** is about 400 yuan, and a five-jin good knife is about two taels of silver.
Ironware is very valuable, while stainless steel is even more expensive.
At the Jiangnan Iron and Steel Plant, the cost of smelting one catty of iron is only about 20 yuan. Direct sales of iron are three times the profit, and a little processing is four or five times the profit.
In the face of such a considerable profit, the interest of 50% of its borrowings is naturally not worth mentioning.
All of this is due to technology and large-scale production.
That is to say, the cost of iron making in Jiangnan Iron and Steel Plant will be so low. In other places, the cost of making a pound of iron by others is at least about 50 yuan.
Wu Changqing spoke, and the others stopped arguing immediately.
In this regime, Wu Changqing is truly eloquent and powerful.
The former Emperor Chongzhen had ministers obstructed everything he wanted to do.
There is no such thing as Wu Changqing. After all, everyone is smart, knowing that Wu Changqing is not a **** like Chongzhen. Wanting to try to challenge Wu Changqing's authority is undoubtedly self-determining one's future and seeking a dead end.
Another very important point is that everyone also believes in Wu Changqing's leadership.
At least, the previous major decisions, without exception, have proved Wu Changqing's correctness.
Many officials actually have a vague idea, that is, that Wu Changqing is the man of heaven, otherwise, how could everything be right?
Of course, they couldn't imagine that Wu Changqing had the knowledge and knowledge far beyond this era, and they couldn't guess that Wu Changqing had such a thing as a system.
Wu Changqing supported Hong Chengchou's suggestion. What everyone thought was not whether Wu Changqing's decision was correct, but what it meant.
Does this mean Hong Chengchou will be reused?
Does this mean that Wu Changqing will continue to suppress the forces of the Donglin Party?
Does this mean that Wu Changqing is still supporting some ‘solitary officials’?
Wait and so on. When a superior coughs, the people below can't help but think about it, let alone make such a major decision.
There are too many things to figure out.
It is a pity that they are destined to be unable to guess this time, because Wu Changqing is very different from other traditional power holders. He doesn't understand so many imperial skills and will not use such things to engage in power struggles.
He adopted Hong Chengchou's suggestion only because Hong Chengchou's suggestion was the best, nothing more.
However, because of the many differences between his work and the traditional superiors, it gave many of his men an unpredictable feeling.
In the eyes of many officials, Wu Changqing is actually a very deep man in the city. The address of the latest chapter of the aircraft carrier I built in Daming: https://www.novelhall.com/book/149212.htmlI built the full text of the aircraft carrier in Daming to read the address: https://www.novelhall.com/read/149212/I built the aircraft carrier txt download address in Daming: https://www.novelhall.com/down/149212.htmlI read it on the mobile phone built by Daming: https://m.novelhall.com/read/149212/In order to facilitate the next reading, you can click \"Favorites\" below to record this (Chapter 222 Decision) reading record, and open the bookshelf next time You can see it! If you like "I Build an Aircraft Carrier in Daming", please recommend this book to your friends (QQ, blog, WeChat, etc.) ,Thank you for your support! ! (www.novelhall.com)
"I'm afraid that the people will not easily trust the court and dare not borrow."
"If it's really impossible, you can start a donation, or start a new coin."
Everyone is not very optimistic about Hong Chengchou's suggestions. Some people feel that the court will lose face to the court if the court borrows money from the people, and some people feel that the people refuse to borrow.
Their worries are not unreasonable. In this era, the credibility of the imperial court is relatively poor. People who borrow money to the imperial court must always worry about whether the imperial court will pay it back.
Even if the court does not return it, they have nothing to do with the court.
Others want to implement the method of taxation, which is actually tax collection in disguise. And casting new money is actually equivalent to printing currency. Of course, the new money is not cast in the normal way, and a small amount of copper is mixed with other worthless metals to make new money.
In this way, more money can be cast with less copper, and a penny can be cast into two articles, three articles or even more, many dynasties have done this kind of thing.
In ancient times, the imperial court wanted to make money by collecting taxes and making money.
In Wu Changqing's view, these are all bad tactics. Increasing taxes will increase the burden of the people, and the people's spending power will decline, making it impossible to drive the economy. And casting money can easily lead to inflation and cause new money to be worthless.
A small amount may have a little effect on promoting the economy, but a large amount causes currency depreciation, which is a fatal blow to the economy.
This can refer to Zimbabwe in later generations, one trillion bills are flying all over the sky, but there is still no bread to buy. In the Ming Dynasty, you can also refer to the Daming treasure banknotes.
Daming Baochao is a paper currency issued by the Ming Dynasty. Because of its low cost, money comes quickly. A group of officials who do not understand the laws of economics desperately print when they see short-term benefits, leading to a flood of treasures, which eventually depreciate to nothing.
In the end, it also led to the most bizarre phenomenon. The people worked for the court, and the court paid wages with treasures. The common people could not buy anything on the market when they got the treasure. They used it to pay taxes, and the court did not collect it.
Ordinary people encounter this kind of thing, I am afraid that there will be 10,000 alpacas rushing past in their hearts.
Wu Changqing is not an expert in economics, but he also knows a basic principle that the amount of money should be linked to the total amount of social wealth.
The amount of money is less, and the problem of deflation is not too big.
But if the amount of money is too much, it will cause inflation, and the impact on society will be devastating.
Because of the backward statistical methods, Wu Changqing does not know whether he is currently in deflation or inflation, so he does not dare to cast new money randomly.
Even if it is to cast money, the copper content of the copper coin must be sufficient, and the silver content of the silver ingot must be sufficient, so that it will not have much impact on the society.
"No need to argue, just use the method of borrowing money from the people. I named it the national debt, which is the debt the country owes to the people. In the early stage, I tried my best to target merchants and officials as well as wealthy people from other places. A higher interest rate, 50% interest a year, is used to attract others to borrow money."
Wu Changqing interrupted their argument, and he didn't have so much time for them to argue between right and wrong.
Moreover, Wu Changqing did not think that they would be able to argue right and wrong if they continued to argue. It would be better to tell them the right way, and then let them learn and understand the benefits of national debt in practice.
50% of the interest a year, this interest will probably laugh those investors to death in future generations.
In later generations, 99.99% of the company's annual profits are not 50%, and even more than 20% of the companies are very few.
Generally speaking, a company with an annual profit of 15% is considered a high-quality company.
50% interest, I am afraid that no one will believe it in future generations, and will think this is a liar.
However, in this era, 50% of the interest rate is also very high, but the high is not outrageous. Some private loan sharks have higher interest rates than this.
Moreover, with the current economic prosperity in Jiangnan and other places, with money investing in business, profits can easily exceed 50% in a year. Therefore, at present, the interest rate of 50% is really not high.
Wu Changqing dared to offer this kind of interest because he was confident and could afford it.
The current five-jin **** is about 400 yuan, and a five-jin good knife is about two taels of silver.
Ironware is very valuable, while stainless steel is even more expensive.
At the Jiangnan Iron and Steel Plant, the cost of smelting one catty of iron is only about 20 yuan. Direct sales of iron are three times the profit, and a little processing is four or five times the profit.
In the face of such a considerable profit, the interest of 50% of its borrowings is naturally not worth mentioning.
All of this is due to technology and large-scale production.
That is to say, the cost of iron making in Jiangnan Iron and Steel Plant will be so low. In other places, the cost of making a pound of iron by others is at least about 50 yuan.
Wu Changqing spoke, and the others stopped arguing immediately.
In this regime, Wu Changqing is truly eloquent and powerful.
The former Emperor Chongzhen had ministers obstructed everything he wanted to do.
There is no such thing as Wu Changqing. After all, everyone is smart, knowing that Wu Changqing is not a **** like Chongzhen. Wanting to try to challenge Wu Changqing's authority is undoubtedly self-determining one's future and seeking a dead end.
Another very important point is that everyone also believes in Wu Changqing's leadership.
At least, the previous major decisions, without exception, have proved Wu Changqing's correctness.
Many officials actually have a vague idea, that is, that Wu Changqing is the man of heaven, otherwise, how could everything be right?
Of course, they couldn't imagine that Wu Changqing had the knowledge and knowledge far beyond this era, and they couldn't guess that Wu Changqing had such a thing as a system.
Wu Changqing supported Hong Chengchou's suggestion. What everyone thought was not whether Wu Changqing's decision was correct, but what it meant.
Does this mean Hong Chengchou will be reused?
Does this mean that Wu Changqing will continue to suppress the forces of the Donglin Party?
Does this mean that Wu Changqing is still supporting some ‘solitary officials’?
Wait and so on. When a superior coughs, the people below can't help but think about it, let alone make such a major decision.
There are too many things to figure out.
It is a pity that they are destined to be unable to guess this time, because Wu Changqing is very different from other traditional power holders. He doesn't understand so many imperial skills and will not use such things to engage in power struggles.
He adopted Hong Chengchou's suggestion only because Hong Chengchou's suggestion was the best, nothing more.
However, because of the many differences between his work and the traditional superiors, it gave many of his men an unpredictable feeling.
In the eyes of many officials, Wu Changqing is actually a very deep man in the city. The address of the latest chapter of the aircraft carrier I built in Daming: https://www.novelhall.com/book/149212.htmlI built the full text of the aircraft carrier in Daming to read the address: https://www.novelhall.com/read/149212/I built the aircraft carrier txt download address in Daming: https://www.novelhall.com/down/149212.htmlI read it on the mobile phone built by Daming: https://m.novelhall.com/read/149212/In order to facilitate the next reading, you can click \"Favorites\" below to record this (Chapter 222 Decision) reading record, and open the bookshelf next time You can see it! If you like "I Build an Aircraft Carrier in Daming", please recommend this book to your friends (QQ, blog, WeChat, etc.) ,Thank you for your support! ! (www.novelhall.com)
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