Zhou Ming, who doesn't want to worry about so many things, stays with his pregnant wife at home and pays attention to the movements of the fetus every day.

But the family encountered a series of problems, the frown father Bai Xutang was placed in front of him, looking for him to think of solutions and think about solutions.

What's the problem?

inflation.

The inflation problem that the entire Wancheng Kingdom is facing now.

How serious is this problem?

It is mainly related to the amount of treasure plundered by each city from other continents.

The more treasures you plunder, the higher the inflation rate, about 30 times or 50 times.

The amount of treasures plundered is average, with a medium inflation rate of about 10 times or 20 times.

In cities with less amount of plundering treasures, the inflation rate is lower, about 8 times or 10 times.

Because the overall domestic economic integration is relatively high, the inflation rates of each city have the characteristics of mutual influence. Therefore, even cities with low inflation rates have generally risen by more than 10 times in the past decade.

As for Xuanqingcheng, it is one of the thousands of cities with a faster inflation rate, and it has increased by about 30 times in the past decade.

Is inflation so high? Is it good or bad?

Of course, it is 100% bad.

In fact, before Wanchengguo expanded abroad, there was a problem of slow inflation in China, about 5% per year, which was not a big impact.

After successively devouring the Southern Yuan Dynasty and Western Yuan Dynasty, and looting most of the Northern Yuan Dynasty, the inflation rate of Wancheng Kingdom, which was transported to a huge amount of wealth, was above 50% every year.

This has a great impact on groups of all classes.

For the rich, the money they have accumulated hard has become worthless, and the middle class, who have lived a leisurely life, suddenly becomes a poor class.

The original poor class became the extremely poor class because its income growth could not keep up with the soaring price increase.

The rich people with a net worth of over 10 billion, 100 billion or even 100 billion were not happy because the higher the inflation rate, the more their property shrank.

So no one likes inflation.

So what is the culprit of inflation?

currency.

Currency circulating in the market.

That is the so-called "spiritual coins".

The size of the inflation rate is directly determined by the number of spiritual coins involved in circulation in the market.

As a special material that can repeatedly recharge/release spiritual energy, spiritual coins that can facilitate monks' practice are of high value before.

Based on purchasing power, more than 20 years ago, a spiritual coin could buy at least 2 kilograms of fairy crystal rice, more than 1 kilogram of beef, or have a full meal in a cheap restaurant.

What about now?

A kilogram of fairy crystal rice requires at least 10 spiritual coins to buy.

Not to mention other products.

So the most common scenery in Wancheng Country is: ordinary people carry bags of "spirit coins" and buy various goods on the street.

The spiritual coins are heavier, and the amount of thousands of coins is thirty or forty kilograms.

"I believe no one wants to experience this kind of shopping experience," he said.

But who is the greedy person who cannot restrain his greed and insists on swallowing the Southern Yuan Dynasty and the Western Yuan Dynasty, and transporting the amount of tens of trillions and millions of spiritual coins to the country of Wancheng in one go. It would be strange if there is no inflation.

Zhou Ming felt funny, but the problem still needs to be solved.

How can I solve it?

His father Bai Xutang said, "Why should we put some 'pressure' on the profiteers and tell them not to raise prices at will? The treasures that Bai Mu and his family exchanged for their lives in other countries have been cheaper than the profiteers and have made them wedding dresses?"

Bai Xutang was angry and planned to attack a few profiteers.

Those hateful profiteers have been raising prices every year and raising prices wildly. He has been enduring it for a long time!

"No! Never!"

Zhou Ming waved his hands repeatedly, "It's not those merchants who are treacherous, but forced them to raise prices at any link from raw materials to factories and dealers, which will force merchants to raise prices. It's useless for you to use them to do something."

"Then...what should I do?"

Bai Xutang asked: "Is there no way? It keeps rising?"

"It will not keep rising. Recently, Wanchengguo has stopped expanding externally. There is no external currency input. In the next few years, the inflation rate will drop significantly."

"However, what we need to solve now is the problem of payment inconvenience caused by excessive prices. Regarding this problem, I have a better solution. If the implementation is effective and the inflation problem may be solved at the same time."

Zhou Ming said confidently.

"Oh, what's the plan? Let's hear it."

Bai Xutang's eyes lit up and he hurriedly asked him.

"Paper currency, issuing paper currency, is used to replace spiritual coins circulating in the market..."

Zhou Ming slowly spoke out his solution: issuing paper money to replace spiritual coins with increasingly low purchasing power.

Bai Xutang was stunned when he heard it, as if he had heard a fantasy.

The head shaking like a rattle, shouting that it was ridiculous and absurd.

"No, no, the banknotes you mentioned are absolutely not good, just a piece of paper. You said it is worth thousands of dollars. Who believes it? Who dares to use it? A piece of paper dares to be worth so much money?"

"This plan doesn't work, it definitely doesn't work, it won't solve any problems."

Bai Xutang couldn't imagine the scene of people trading with each other with a stack of papers. The traditional concept told him: except for spiritual coins and some metal currencies, nothing can be used as circulating currency.

Not to mention the cheap paper that is now dysfunctional. Even if you print a bunch of anti-counterfeiting patterns and add anti-counterfeiting watermarks, you cannot pretend to be thousands of spiritual coins. If you really spend it, no one dares to spend this kind of money.

Bai Xutang completely denied this plan in his heart.

Zhou Ming explained: "The essence of currency is a kind of credit guarantee. As long as the value of the banknote and the value of the corresponding collateral are maintained, the banknotes have circulation characteristics. As long as we provide credit guarantees, someone will be willing to use the banknotes."

"Of course, I don't deny that spiritual coins have certain practical value other than currency, but in the Wancheng Kingdom, spiritual coins are flooded and depreciated seriously. For most ordinary people, the practical value of spiritual coins cannot be used at all. For ordinary people, spiritual coins are no different from ordinary stones, but they inherit the clumsiness of stones."

"It is inevitable that spiritual coins will be eliminated from the circulation market. It must be replaced by a better currency. Paper money is a good choice."

Seeing that my father still shook his head, Zhou Ming said directly: "In this way, I personally took out 10 billion spiritual coins and printed banknotes with a total denomination of 10 billion yuan, and conducted a circulation experiment in Xuanqingcheng. If the experiment was successful, how would this banknote plan be implemented in Xuanqingcheng?"

Bai Xutang was stunned when he heard this, "10 billion, this is not a decimal, what should I do if I get all waste?"

"Don't worry about this, you just nod your head and agree."

"All right."

Bai Xutang nodded. His son's net worth is one trillion yuan, which is much richer than his family. He is willing to spend 10 billion to burn it, so let him cook it.

...

then.

In the next few months, Zhou Ming, who acquired a paper product printing agency at a high price, led the technicians and spent three months developing a "money printing machine".

The anti-counterfeiting problem has been solved. The printed banknotes are not only beautiful in material, exquisite in pattern, waterproof characteristics, and are not easy to damage. With the addition of anti-counterfeiting marks such as watermarks, gold lines, and sunlight-transparent characters, the possibility of being counterfeited in the short term is almost zero.

Holding it in your hand is like a work of art.

Zhou Ming named this kind of banknote "Golden Round Voucher".

Six types of face value are set: 10 yuan, 20 yuan, 50 yuan, 100 yuan, 500 yuan, and 1000 yuan (large face value of 5,000 yuan, printing is not considered for the time being).

And it is linked to the spiritual coins. The face value of the spiritual coins corresponds to the purchasing power of the spiritual coins.

After the printing of the banknotes with a total amount of 10 billion yuan was completed, Zhou Ming put them in Xuanqingcheng and began to conduct market circulation experiments.

In the first few days, people's ideas were the same as Bai Xutang, and they were skeptical about the value of paper money. Few people dared to use it, and few merchants dared to accept it.

Zhou Ming did a group of businessmen's work and took them to see the spiritual coins and treasures worth hundreds of billions of yuan in the Xuanqingcheng Money Treasure House, indicating that the credit of the Xuanqingcheng Gold Coupon was based on these treasures.

The merchant expressed his willingness to accept paper money, and in his business dealings with the Bai family, he quickly realized the many conveniences brought by paper money, and praised it endlessly... Merchants began to accept it widely.

When merchants accept paper money, ordinary people naturally dare to use it. From the beginning, small denominations such as 10 yuan, 20 yuan, and 50 yuan, they carefully used it. After experiencing the convenience, they went to the bank to exchange 100 yuan, 500 yuan, and 1,000 yuan, and at one exchange it was tens of thousands or hundreds of thousands. In just one week, they exchanged all the banknotes with a total of 10 billion yuan.

Zhou Ming and others did not expect that in about ten days, ten billion spiritual coins were exchanged for use by the common businessmen, and even hoarded them. On the black market, they were sold to those who wanted to exchange for banknotes but could not exchange them for banknotes.

The value of the banknote actually exceeds its own denomination.

Paper money has become the most popular thing nowadays and a symbol of status.

Someone specially put two 1,000 yuan denomination paper money on his body. When he took it out in front of everyone, he would hear envy around him.

A gold coupon with a small number of printed 1,000 yuan face value was purchased by someone on the black market.

Bai Xutang was stunned by all kinds of weird phenomena and his chin fell to the ground.

Somehow, he likes to put a stack of brand new gold coupons worth 1,000 yuan in his pocket and take them out intentionally or unintentionally in front of the guests.

Of course, he has no objection to the full promotion of currency banknotes in Xuanqingcheng, except for his full support.

Therefore, within about half a year, Xuanqingcheng has basically achieved full banknoteization.

What's amazing is that after the full circulation of gold coupons, it was announced that they were also linked to the prices of basic daily necessities such as grain and meat, and the inflation in Xuanqingcheng was effectively controlled historically, and the inflation rate was controlled within 2% within half a year.

With such successful experience, how could other cities in Wancheng Country not learn?

So Zhou Ming sold out the money printing machine, which was sold at 200 million yuan per unit, and ordered thousands of units in his hand.

With only one unit in the country, an order of 300 units was placed.

Zhou Ming made another small fortune.
Chapter completed!