"Issue new currency!" Liu Hongjian said firmly.

"To be precise, it is to issue a legal banknote, just like the treasure banknote issued during the Taizu period!" Seeing that Zhu Cilang's face was a little puzzled, Liu Hongjian explained again.

"This doesn't work, Brother Liu! Although Emperor Taizu is very talented,... but the facts prove that is a wrong decision to issue treasure notes. According to historical records, the people and shops at that time were cheated, and it is not an exaggeration to use the people to live in poverty."

Zhu Cilang obviously knew about issuing treasure notes during the Hongwu period, but slandering his ancestors did require courage. Zhu Cilang's voice became smaller afterwards.

"This banknote is not the same as that banknote, and it cannot be said in the same way!" Liu Hongjian knew that Zhu Cilang would not understand.

In fact, it is no wonder that Comrade Zhu Chongba issued currency back then was a sudden idea, because private merchants were inconvenient to trade in large amounts.

The private transaction is not what is performed in TV series. You can pay a few hundred taels of silver from your body and pay it. In the Ming Dynasty, one pound is 16 taels, according to later generations, one pound is about 40 grams, and five hundred taels is 40 pounds.

Who would hold dozens of kilograms of things on your body every day without any trouble?

There are many bank accounts issued by the public, namely bank notes, but the credibility of the bank accounts is uneven and the market is chaotic. Therefore, under the leadership of Comrade Zhu Chongba, the Ming Baochao came into being.

This is the only time that paper money is issued in the Ming Dynasty in the three hundred years. Comrade Zhu Chongba’s starting point is excellent, but due to the lack of economic knowledge, the Zhu family is completely different from inflation. They keep printing paper money, and even the salary given to officials is paid in paper money.

Later, when I bought a bucket of rice, I actually needed to pull a cart of Daming Baochao. After the credit collapsed, the Daming Baochao failed to recover and became the only magic weapon for the emperors of the Zhu family to reward civil and military officials who had made contributions.

Since then, from the people to officials, including the emperor, it has always believed that paper money cannot be made, and it is a scam, and later it has become a ban.

But Liu Hongjian was a veteran after all. Although he didn't study economics during his college years, he still knew basic financial knowledge. In addition, what he learned from that economics was enough to cause great storms in the 17th century.

In Liu Hongjian's view, the issuance of paper money in the Ming Dynasty is the general trend and is imperative.

There are several reasons. First, whether it is gold, silver or copper coins, it is inconvenient to carry. Second, the silver ingots cast in various places are of uneven quality, and most of them are fake ingots doped with metals such as lead.

The fraud of copper coins became even more rampant. Since the middle of the Ming Dynasty, many maritime merchants came to copper mines from the South China Sea or Japan, and then privately cast fake copper coins. In order to obtain huge profits, the profiteers mixed other metals into the copper coins, resulting in a huge difference in the quality of copper coins circulated among the people.

The copper coins minted by the imperial court were 1,000 liberal arts and one tael of silver, while the copper coins minted by the civilians often cost 1,600 cents, or even higher if they wanted to exchange one tael of silver.

Although the copper coins cast by the court themselves are genuine, you would never imagine that the real copper coins actually lost money, and the cost of making copper coins is extremely high due to the high hand-made cost.

The copper coins made by a skilled money maker in one day are not worth enough for the money maker's wages and raw materials costs.

Who believes that money is losing money if you make money? But this situation has been around for hundreds of years.

I won’t talk about how much a thousand copper coins are. The shopkeepers who collect money in the shop are generally experts. They can judge the quality by looking at the quality of the copper coins, but the people don’t understand it. In the end, they suffer a great loss.

You should understand this way, right?" Liu Hongjian explained again.

Zhu Cilang:….

...
Chapter completed!