Before narrating those key events, a casual smile flashed across Connor's face as he lay on the ground and kowtowed.

This smile was for the student he was most proud of. He was proud of this student for being able to do such a thing, and because she was able to highlight the power of economics and make the entire Old Tengshu College pay attention to economics.

I feel extremely proud!

However, such a smile only lasts for a moment.

Behind that smile, what he showed was regret and helplessness for that child's determination.

She can put forward her own theories and show her own thoughts. Of course, those theories and thoughts should preferably be formed into papers and become part of a great book.

The last thing that should be done is to put these theories into practice and show them in the real world.

At the very least... it shouldn't be shown within the territory of the Blue Bay Empire.

At this time, the teacher slowly raised his head.

The expression on his face showed a little sadness.

Now, he already knew that his student had completely surpassed him in some aspects.

A student surpassing a teacher is something that makes a teacher feel extremely proud.

But what makes this teacher's heart extremely painful is that he must crush this student who surpasses him with his own hands... No matter in terms of theory, spirit, or life, they must be crushed together...

…

Tears began to gather in the teacher's eyes. But he wiped them away immediately before his face could be fully seen by the emperor in front of him, and raised his head again.

With the emperor's permission, he slowly stood up, took a deep breath, and finally began to explain the theory he had learned from this incident.

"Your Majesty, please allow me to ask you a question."

Meng Lang nodded and used his rest to cover up his anger: "You can ask."

Connor said: "Excuse me, how do you understand the empire's money?"

Meng Lang held his chin and thought for a while. He was not surprised or angry because the humble minister in front of him asked such a simple and easy question. Instead, after thinking carefully for a long time, he said -

"The simplest understanding is that this is something that can be used to buy things. Only when you have money can you buy things. Then, we must try our best to keep the national treasury's finances at a positive growth. We cannot let the treasury be empty."

Connor nodded slightly and said: "You understand it correctly. However, when looking at the meaning of money from different angles, you can have different understandings."

Meng Lang leaned forward slightly and asked: "Then, from another perspective, what is money?"

The teacher said slowly: "For people who have not been trained in economics, they always think that the more things like money, the better. It is best to have a home full of money, and the wealth can rival the country. This is what they say.

This kind of wealth is the highest level."

"However, for those of us who are trained in economics, money is not always better in certain circumstances. Sometimes, we cannot even require our financial situation to be a 'surplus'

, and sometimes, the more 'arrears' on our accounts, the more peace of mind we have."

Such a theory really made Meng Lang stunned for a moment. After holding his chin and thinking hard for a moment, he shook his head and gave up and said: "Obviously, I can't understand it."

Connor lowered his head and said: "If my next explanation can make your Majesty understand, I hope that in the future, we can increase the financial investment in the economics department of Lao Tengshu College. Of course, this is just a request of a small teacher on my part.

It’s not a threat.”

Meng Lang thought for a while and then said: "The economic situation of the empire is not very optimistic now. We need a large number of warriors and magicians. If your theory does not convince me, then I am afraid that Old Tengshu Academy will

There is no need for an economics department.”

Meng Lang didn't mean what he said.

Among the three major factions of Lao Tengshu, the Economic Department has always been inferior to the Martial Arts Department and the Magic Department. Of course he is very clear about this. This has always been the case, even since the establishment of the empire. The Economic Department is just a place used to train those responsible for doing things.

As for the administrative staff who do odd jobs, all kinds of messy subjects can be thrown into this system as long as they do not help improve the combat effectiveness of soldiers.

To put it in a crude way, people trained in the economics department only need to learn basic arithmetic. This can help those knights and noble magicians know how much money they have made today and how much real estate and land they own.

.

However, after the emergence of the heretic Ariel Garcia, Menglang no longer feels contempt for the economics department, but attaches great importance to it!

It's just that this kind of attention comes from being unable to control, from not understanding, and even more from the unknown.

People often have feelings of hatred towards things that they do not understand and cannot control. If Meng Lang faces a warrior or magician who is much stronger than himself, then he will find a way to become a more powerful swordsman.

!

But after more than a year of confrontation with Ariel Garcia, he only felt that he had no idea where to exert force when facing this terrible enemy!

Such a person... what should we do if another one emerges from the old Teng tree?

How can you deal with an enemy you don't understand at all even if you become stronger?

Therefore, Menglang's first reaction was to immediately abolish the entire economics department of Old Tengshu College and turn this school into a specialized school dedicated to cultivating powerful warriors and magicians!

But, on the other hand...

But he sincerely desires to obtain such power.

However, that knowledge can no longer be taught casually to anyone as usual.

Only with his own consent and permission can some people who are absolutely loyal to him learn this terrible knowledge... For this purpose, he can even invest a very large amount of money.

But now, Meng Lang had to use such cold words to make the teacher in front of him understand that his words were very important and it was best to think clearly before speaking.

Connor's body trembled for a moment, but then he calmed down, thinking, and continued -

"Your Majesty, you should have heard me talk about the basic functions of money before. Although it is money, money itself is a kind of goods."

"In ancient times, even more ancient than the Demon Sealing War, if people wanted to get something, in addition to using non-peaceful robbery and stealing, the peaceful way was bartering.

A form of what we later called 'trade'."

"Bartering is trade and economics. If both parties to the transaction happen to own something that the other party owns, and both parties evaluate it and feel that it is fair and appropriate to both parties, they can exchange it."

"However, with the development of trade, simply bartering will become very inconvenient. It does not necessarily mean that the other party has exactly what you need. In this case, many people begin to acquiesce

Certain 'items' have a value that can be fairly exchanged for items in the hands of other people. The price of such items is constant and they are useful to everyone. From this, something like currency emerged."

"After a long period of development, each country will mint its own currency, and then use the currency for transactions and exchanges to promote economic development."

"So, the essence of money is a kind of goods, a kind of goods that everyone needs. However, this will cause another problem - who stipulates that this kind of goods must be needed by everyone?"

"Your Majesty, to solve this problem, we need to discuss the country, your emperor, and the origin of the empire. But this will be too long-winded. Let's keep it simple and talk about the most important part."

"To put it simply, the empire uses its own power to endorse this currency. The empire recognizes the private use of this currency, which can be used to offset taxes from the empire. If this kind of goods is not used, then the country does not recognize the other party

Taxes have been paid. If other currencies are used, the empire will consider it illegal and may even use force to expel them."

"Because of taxes, the people have recognized that this kind of goods called currency is legal currency that everyone can use. The fundamental reason is that the empire endorses this currency."

"In other words, if this currency is no longer recognized or endorsed by the empire, no matter how much wealth you have accumulated or whether you have piles of gold coins at home, you will become paupers in an instant. Those who

Currency would then become worthless, just metal without value."

"Therefore, what a country...or a region really needs is often not necessarily a treasury filled with gold coins. Because as long as the empire is willing to endorse a certain currency, and the people recognize this endorsement, then even if

If the treasury of this empire is empty, the empire can continue to exist and the economic system can continue to exist."

Hearing this, Meng Lang's face clearly showed some concepts that he didn't understand. He stretched out his hand to ask Connor to stop for a while, while he lowered his head to think. After a while, he still shook his head and said, "Can you

Can you explain it in more detail? I still can’t understand it. Anyway, I know some history. My teacher once taught me when I was the crown prince. The reason why many empires collapsed and destroyed in history is

There are many, many reasons, but lack of money will play a role in this. Why... According to you, it doesn’t matter if the country doesn’t have money? Doesn’t this sound counter-intuitive?”

Connor smiled slightly sadly and said slowly: "Your Majesty, those of us who study economics often come up with many theories that are counter-intuitive after learning."

"Yes, for ordinary people, having no money is certainly not a good thing. But you are not an ordinary person, and what you control is not the finances of an ordinary family, but a country, a great empire!"

"To put it more simply, even if you spend all the money in the entire empire today to buy a large number of useless antiques or rare toys, leaving the treasury empty, then tomorrow, you only need to take

Pick up a piece of wood at random and write down the value of 10,000 gold coins on the piece of wood with a pen. Then the piece of wood will immediately become 10,000 gold coins. You can use this piece of wood to buy 10,000 gold coins, etc.

You can still buy grain at a reasonable price."

"Why? Because you endorsed these ten thousand gold coins. If others don't admit that this piece of wood is worth ten thousand gold coins, then you will attack them with your army. If others don't recognize the value of this piece of wood in private business transactions,

Admit that this and the wood are worth ten thousand gold coins, and you can put him in jail."

"Similarly, you also allow someone to use this piece of wood to pay taxes to you. After you collect the taxes on this piece of wood, you can just throw it into the record next to it as firewood. In this way, you understand

?"

Menglang nodded slightly and said, "I understand here, but...does it really not matter?"

Connor smiled and said: "Before, the entire Golden Continent, including our empire, used gold, silver, copper and iron as currency materials, because the quantity of these metals was relatively scarce. And gold, golden, everyone

Everyone likes it, everyone wants it, and this precious metal will never fail to be sold, so the empires on the mainland will use gold and other metals as currencies on a large scale."

"The reason why the national treasury is empty is largely due to the insufficient quantity of these precious metals themselves, which caused the royal family to have no money, which now seems like a joke."

"So, as long as you open your heart and are willing to endorse a piece of paper like my student, then the piece of paper will naturally become a currency that can be used for transactions. From this, at least in theory, the treasury

There will no longer be the possibility of emptiness. Because no matter how huge the treasury is, you can write a piece of paper stating that the paper is worth one million gold coins and put it in the warehouse, and your treasury will instantly

One million more gold coins."

After Meng Lang thought for a moment, he finally nodded and said: "I understand this aspect temporarily. So what happens next? I still can't understand what the state of the national treasury is, even if it is in debt. If it is okay, other countries

Why the collapse? What does this have to do with Ariel's financial attack on me?"
To be continued...