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Chapter 30 Bad money drives out good money

??The housekeeper Li Sanjiu of Duke Zhu’s residence was reporting to the Langzhu Yuwen Wen. He was reading the latest report of the “Market Investigation Department” of the mansion, which was a summary of the market prices in Huangzhou. Yang Ji was here.

"The circulating private money in the street market is gradually increasing. It is said that there are private furnaces to cast money and transport it to prefectures and counties for sale. A private money can be bought from five to six hundred yuan. A traitor can be bought from hundreds of yuan, and a thousand yuan can be added from thousands of yuan..."

"There are many names for inferior money, including 'goose eyes', 'fish eyes', 'water float', 'wind skin', 'sand money', etc...."

"There are also mixed coins of all dynasties, including Wuzhu, Liuquan of the Han Dynasty, 15 cents of the Xinmang Han Dynasty, and 15 cents of the Ji Han Dynasty, and Qian Xing of the Han Dynasty, Taihe of the Yuan Wei Dynasty, Wuzhu of the Gao Qi Changping of the Wuzhu, and coins of the Southern Dynasty."

"Big money is mixed with small money. Traders use car money to count, but only about Guan, there are eighty or even seventy as a foreign country. According to the system, one hundred people are now in the past."

"The currency circulating in the street market is mostly mixed with good and bad. The price of goods that should have been sold has risen to 1,300 and 400 cents. All of them are difficult to distinguish between good and bad coins, and the people are at a loss, and transactions are mostly made of goods."

Hearing this, Yuwen Wen looked at Yang Ji with a stern face and said, "Look, it's not that there is a shortage of materials, but prices have begun to rise. This is inflation!"

"There are more and more money on the market, and the result is that they are all bad money. The same amount of money can be bought less and less. That is why the people do not believe in copper coins. Originally, one hundred civilized money can be bought, but now it takes 120 cents of various kinds of money to buy."

"The government has been banned from private coins since ancient times, and that is incurable."

Yang Ji said slowly. Yuwen winked at the other direction, and then coughed dryly. Li Sanjiu, who was beside him, knew that it was time for the two to "secret talks" again, and he took his leave with consciously.

"Yang Jian has now cast a new Wuzhu coins, which is as heavy as his writing. Each coin weighs 1,000 and 4 kilograms and 2 liang, which is considered a full amount. I am doing this now. What's the result? Well? Prices are rising!"

"The copper coins produced by Daye Supervision disappeared as soon as they were put on the market, and the Wuzhu coins of Sui State were widely used as soon as they were promoted. Do you know how it made them?"

When Yang Ji heard this, he spoke and said, "In April of the third year, he ordered the passes to pay hundreds of coins for each of the passes. He came from outside the pass and found similarities, and then he got through the same things. He was different, and he was defeated with copper and became an official."

"The next year, the imperial edict was still uncontrollable. The county magistrate seized half a year's salary. In the first month of the fifth year, the imperial edict..."

"Okay, okay, is it interesting to endorse?."

Yuwen Wen interrupted Yang Ji's recitation behavior, and this person directly memorized the relevant contents in the historical materials.

"The government has huge profits for private minting coins, so those who are private minting are like crucian carp crossing the river. Even if they are severely punished, they cannot be cured in all dynasties." Yang Ji said, "Of course, those who are private minting must be severely punished."

"Severe punishment? Of course, severe punishment is required, but what is the use of severe punishment? Those big households directly hid a jar of good money in a jar of good money. What should we do? How do we deal with other people's money, but how can we deal with the good money on the market be so troublesome!"

"You don't know that nowadays, merchants are becoming more and more picky, and they make excuses to raise prices every day. The rice price is 200 cents per stone. When you pay the money, you say that you have too much inferior money in your money, so you have to pay 220 cents. If you like to buy, don't buy it!"

"Where are the people going to seek justice? Most of the money on the market is bad money. What about the legendary Daye official money? No one has seen Yang Sima!"

"Duke is at ease and be impatient. The government army has food, so the army will not be in chaos."

"The people's hearts will affect the morale of the army." Yuwen Wen sighed. After becoming the general manager, he had to consider much more things than the governor of a state. If the matter of flooding private money was not solved, it would be useless if he even built ten more bronze mountains.

If you don’t take any measures, it will be too late when prices soar.

"The bastards' nests are probably almost touched. After you have prepared enough, I will take action. Don't watch them on the wall."

When Yang Ji heard this, he felt aroused, and then asked, "Is it because there is a collusion between officials and officials?"

"It is inevitable that the money produced by Daye Supervision will be shipped everywhere before it is heated up. How could it be so quickly without an insider?" Yu Wen Wen sneered, "Of course, there are also open methods. If it is done business, there will be no handle."

"The Duke of the State means to catch the private caster and obtain the confession and follow the clues?"

"That's right, so beware of these people's in a hurry, such as creating a civilian change and taking advantage of the situation, so you have to sit in the military camp and be ready to take action at any time."

Yang Ji looked at Yuwen Wen, and asked for a moment of entanglement: "Donald wants to play hard to get?"

"Now I am the chief manager and can no longer take any wrong steps. If I learn the story of New Year's Eve four years ago, I will probably be considered incompetent." Yuwen Wen shook his head, "The chief manager of the eight prefectures, has many troops in charge, and even besieged the mansion. Isn't that a waste?"

"Why did the Duke of the State mean that the Xiaguan guarded the military camp to calmly and control the situation. Is the situation very serious?"

"It's not very serious, at least I didn't find any state governor involved in this kind of thing." Yu Wen Wen touched his chin, then grinned, "Of course it's better to have it, just take it to sacrifice the flag!"

When Yang Ji heard what Yuwen Wen said, his face was a little solemn. Of course, he knew that most of the people who minted coins had backers, either local tyrants or colluded with local officials.

The rampant bullish money has led to rising prices, which is indeed a big problem. Yuwen Wen wants to solve the problem and he agrees with both hands, so the next thing is how to minimize the losses.

"Don't think so seriously. I have my own qualities. Those particularly arrogant private furnaces must be eradicated. The remaining few small fish and shrimps are left, so that the prefecture and county officials can solve the problem themselves. If they are not clean themselves, then find a way to wipe their butts by themselves!"

"Duke, even so, copper coins are still not enough. In order to ensure the majesty of the court, the official coins are exquisitely made and expensive. Even if no one uses them to melt them and cast them privately, it is inevitable that they can cut edges and steal materials. It is also a problem for those big households to store their money well."

"You have to eat rice in one bite. First, solve the problem of private casting. The problem of good money being hidden cannot be solved overnight."

Yuwen Wen sighed helplessly. He encountered the problem of bad money driving out good money. Since he couldn't hide, then roll up his sleeves.

The so-called bad money drives out good money means that among the currencies circulating on the market, currencies with high actual value (good money) must be melted, collected or exported and exited from the circulation field.

However, currencies with low actual value (bad money) are flooding the market, and privately minted coins are increasingly aided in this situation. Central Plains have always lacked copper, so the amount of copper coins in the official system is not enough.

The big investors save good money, and the unit is a ten thousand yuan, while the private mints melt the good money to make bad money, or cut the good money to steal copper. This way, the good money is insufficient and becomes bad money.

As long as copper is used as coins, this situation cannot be avoided, unless the face value of the coin is much greater than its own copper content, but this method of falsely labeling the coin has failed one after another for hundreds of years.

This requires the government to have a good reputation and good supervision. Private coins are related to huge profits, and even paper money from later generations will be forged.

With Yuwen Wen's current strength, he can only treat the symptoms but cannot "treat the root cause". The only thing he can do is to reduce losses. The Daye Money Supervision, which was finally opened, must not become a money-lossing product. Whoever dares to cut off his financial path will cut off his life.
Chapter completed!
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