As the name suggests, treasury bonds are debts borrowed by the court. This kid really dares to think about it, but I have to say that this method is really feasible. Issuing treasury bonds is better than levying to various provinces, and more than asking for donations from wealthy merchants and households!

Yuan Qi can bear the important task of issuing national debts to the court! With this, no one in the court or the country dares to oppose Yuan Qi's monopoly on the finances of a province in Guangdong!

Deng Tingzhen suddenly felt comfortable all over. He originally thought that Yi Shizu was just a little smart businessman, but he didn't expect that he was a talented person who was well versed in the economy. He smiled and looked at Yi Shizu and saw that he was as calm as a gaze, neither arrogant nor humble, and suddenly became loving talent.

The court has no shortage of civil and military officials, but it is very lacking in economic talents. At a young age, this son is calm and capable, brave and brave, good at dancing, and good at making money. With time, he will definitely become a great economic master of the generation.

After pondering for a moment, Deng Tingzhen said: "Can you be content with fame and fortune?"

Wu Bingjian, who had never said anything, knew that the hurdle had passed. When he felt relieved, he immediately replied for Yi: "Mr. Huimen, I am content and have no intention of imperial examinations. I like mixed studies in nature, especially Western studies. Although I am young, I am knowledgeable and talented, and I have a lot of research on Western economics."

He spared no effort to praise him, so he naturally heard that Deng Tingzhen intended to praise Yi Jingshi. Of course, he had to take this opportunity to gain some benefits for Yi Jingshi. Moreover, he was not an exaggeration to praise him. Yi Jingshi is indeed knowledgeable, proficient in Western learning, and good at economics.

Yi Zhizu blushed when he praised him. Just as he was about to say humility, Deng Tingzhen said enthusiastically: "Text is also good at studying economics in Western countries. Now foreigners smuggle crows and films, which leads to serious loss of silver. How should we deal with it?"

The smuggling of ravens and silver flows out of the flow, which has something to do with Western economics? Yi Zhizu secretly whispered, and then said: "The smuggling of ravens and silver flows out of the flow for a day."

"Meet and agree that banning ebony.

"It is extremely difficult to quit if you are addicted to slap. Even if you quit for a while, you will easily relapse." Yi Zhizu said slowly: "Unless it is strictly for torture and completely banned crayfish, this is the only way to eradicate crayfish. However, now slapfish is flooding everywhere and completely banned. It is not impossible, but extremely difficult."

The coastline of the Qing Dynasty was long, from Liaoning to Guangxi, more than ten thousand miles? Smuggling of crows was huge profits, foreigners were willing to take huge risks for it, and the same was true for domestic illegal vendors? Under the collusion between inside and outside, where can’t we land on the long coastline? How can smuggling be banned?”

Wu Bingjian was a little worried. He didn't expect that a compliment would actually make Deng Tingzhen turn the topic to the smuggling of crows. He was afraid that it would be easy to speak out, so he immediately deliberately guided the topic and said, "What's the point of contentment? Isn't it because it's strictly forbidden to crows and crows but forbidden to sea?"

"Of course not. The Qing Dynasty is now an indispensable part of the world trade system and has an important position. How can we ban the sea and how can we close the country?" Yi Zhizu said in a deep voice: "It is not that we are making alarmist statements. Once the Qing Dynasty bans the sea, war will inevitably begin in the sea. Britain will never allow the Qing Dynasty to close its country."

Deng Tingzhen only cared about the smuggling of crows and asked: "According to what Conscientiously said, crows and crows cannot be banned. Isn't the loss of silver impossible to be eradicated? If this continues, will the Qing Dynasty have no silver available?"

"No silver is available, so it won't be." Yi Zhizu smiled and said, "Why do foreigners smuggle crows? Because smuggling crows and films are profitable? Not exactly, the main reason is that the Qing Dynasty's foreign trade has always been a surplus.

Do you know how foreigners evaluate the Qing Dynasty? The Qing Dynasty has the best food in the world - rice, the best drinks - tea, the best clothing - silk, cotton cloth and fur. The Qing Dynasty is self-sufficient and does not require Western goods. If the United Kingdom and the United States want to trade with the Qing Dynasty, they have to come to the Qing Dynasty with a large amount of silver.

Since the opening of maritime trade between China and the West in the Age of Discovery, a large amount of silver has flowed into China through trade in the past two or three hundred years, so that there is no silver available in the West, but trade cannot be stopped because the West needs tea, silk, porcelain and cloth from the Qing Dynasty. Therefore, foreigners will use any means to earn silver through smuggling of zits to maintain trade with the Qing Dynasty.

From the perspective of world trade, the silver from the Qing Dynasty flowed out to a certain extent. Once a silver desertion formed, silver would naturally flow back to the Qing Dynasty. This is because Western countries adopted the gold standard. Silver is not a legal currency, and it is also because world trade cannot be separated from the Qing Dynasty. The Qing Dynasty not only had the necessary tea, silk, porcelain and cloth for the West, but also had the largest population, largest market and largest production capacity in the world.

However, the loss of silver from the Qing Dynasty due to the crows was indeed not worth the loss. Crows were not only useless, but also harmful. If the Qing Dynasty wanted to form a virtuous cycle of trade, it must learn to buy goods that were beneficial to the Qing Dynasty from the West."

Deng Tingzhen is not short of staff, and there are no shortage of talents in terms of money, food, punishment, documents, documents, and customers. However, there is no talent who is good at economics. Yishizu's analysis of the reasons for the smuggling of rookies is entirely analyzed from the perspective of East-West trade. He has never heard of it, and he agrees very much in his heart. He can't help but praise: "The view of Zhishi is far-sighted and thought-provoking."

After a pause, he continued: "Being able to express this insight can show that you have in-depth research on smuggling of ravens, and I think there must be a solution to it."

"I have some superficial opinions." Yi Zhizu said unashamedly: "To eliminate crow smuggling and prevent the loss of silver, three-pronged approaches should be taken. One is to strictly prohibit crow smuggling and investigate on both sides of the water and land. Once smuggling cigarette dealers are seized, no matter foreigners, they will be put into prison, severely punished or executed.

In addition, you can plant cloves in the vassal states of the Qing Dynasty, so that cloves can be smuggled without profit. Cloves can be smuggled and smuggled hard to ban. The immediate effect is to plant them on their own in the vassal states. This can greatly reduce cloves and alleviate the outflow of silver, but cannot eliminate the poison of cloves. Therefore, the planting area and area must be strictly controlled. However, despite this, it will be cursed, so it is better for adults to make careful suggestions.

Finally, it is a virtuous cycle of foreign trade. The Qing Dynasty must learn to purchase goods that are beneficial to the Qing Dynasty from foreigners, so that the trade deficit between Western countries and the Qing Dynasty will become smaller, and to the point that Western countries can bear. Foreigners will naturally be willing to do legitimate business and not smuggle ruffians."

Deng Tingzhen nodded and said, "It is really rare to have such insights at a young age. No one of the officials of the court can think so carefully as if they were in good faith. However, they have no idea about what they are. They are very profitable and have been planted in China, but due to the lack of planting technology, the quality is poor, and it is difficult to sell."
Chapter completed!