The food and salt tickets printed in Yangzhou, Jiangbei are closely related to Li Manhou’s Eastern Vanguard, which is no longer a secret.

As officials of the Song Dynasty who were good at using money to make money, they all knew that Li Manhou must have used such bills to make money, but when these bills were circulated among the vassal forces in Jiangbei, they could not limit them at all. When Zhao Ding took back some vassal areas, cracking down on these food and salt tickets in these places became a policy of the court.

Salt tickets and grain tickets are also called vassal tickets. They have been traveling in Jiangbei for five years. The people have long accepted this currency that is much more reliable than money. Although these vassal tickets fluctuate with the fluctuation of food and salt, money can go down, only falling but not rising. In comparison, vassal tickets are much more reliable.

Therefore, the money-inducing system implemented by Zhao Ding in Yangzhou, Zhenzhou and Kaifeng Prefecture was actually not the forces of the East Fan, but more of the forces of the civil economy. This kind of confrontation would definitely fail without the regime's forced intervention. The concession that Lu Yihao suffered in Xuzhou and Sizhou was actually a silent counterattack.

During this battle in the court, Lu Yihao was not even the protagonist. He appointed Yan Feng and introduced him a strong support. Yan Xiaoguang, the Minister of Revenue, naturally supported him.

Yan Xiaoguang and a group of censors began to argue fiercely. In fact, neither side was interested in playing the piano randomly. They didn't understand the precise financial logic very well. All debates were in the stage of thinking and could not be pulled back to the field of science using the digital paradigm. The times were limited, otherwise finance and sociology might be born.

The biggest banner is definitely the country and the people. The censors of the Zhao Ding clan believed that the implementation of money quotations would be beneficial to the country. The censors of the Lu Yihao clan and Yan Xiaoguang promoted the righteousness of the people, believing that the Huai quotations in Jiangbei had been popular for several years, and the people all liked Huai quotations and used Huai quotations to facilitate the people.

Whether it is beneficial to the country or the people, this conflict began in the era of Wang Anshi and Sima Guang. In the end, the prince Fu Sun Bo, who voluntarily died in the Jingkang period, summarized that "the ancestors' laws benefit the people, the country, the country is prosperous, and the law is respected, and the law is beneficial to the traitors." This means that the ancestors' laws are beneficial to the people, and Wang Anshi's reforms were at least beneficial to the country (greatly expanded finances), and the laws in the Caijing era benefited the treacherous ministers. This statement has been recognized most widely.

Now the court has become a struggle between Wang Anshi and Sima Guang, and the result is no more, because Sima Guang has more followers. Since Wang Anshi's reform, it seems that all the famous ministers have been opposed. If Sima Guang only believes that they are for personal gain and represent the landlord class fighting the reform, then they really underestimate them. Like Wang Anshi, they are fighting out of deep-rooted ideas. If it is just for personal gain, it is actually too easy to deal with, and it is enough to buy them.

It is precisely this kind of behavior that does not care about personal gain and only fights for ideas. Wang Anshi has Song Shenzong behind him, but he has been fighting alone. Song Shenzong is also fighting alone, because Song Shenzong's mother and the queen are all opposed to his reform. Two lonely people, trying to carry out a Hongda reform, are destined to have no good results.

After Wang Anshi, Cai Bian continued to implement reforms. But the situation was already hopeless. As soon as Emperor Shenzong of Song died, Sima Guang and Su Che abolished all new laws and retained only a small part, including the Servant Law and the Western Army. It was not until Cai Jing was in power that he began to attack the Sima Guang faction, and listed a large number of famous officials of Sima Guang at that time as treacherous and treacherous officials. The officials listed on the sectarian monuments were imprisoned for the most serious cases, and the officials listed on the sectarian monuments were detained for the worst, and those who were dismissed were not allowed to be entrusted without permission. The sectarian monuments were erected in front of the palace, and Cai Jing's party members who went to court had to spit on the monuments.

There have been many stories surrounding this stone tablet, some say that Cai Jing was exiled because the stonemason refused to take over the work of engraving the stele. Later, the stele was smashed at night, and it was rumored that the stars fell to the ground and smashed.

While engraving the Yuanyou Party Monument, Cai Jing also included the officials of Wang Anshi who was attacked by Sima Guang at that time as a sage. Wang Anshi was granted the Confucius Temple and was granted the title of king.

Due to Cai Jing's relationship, Wang Anshi's fame became further corrupted. When he was alive, he was a lonely minister who fought against the world and would be used by people like Cai Jing after his death.

Cai Jing is definitely not a person who fights for ideas. He may have ideas and is also a reformist faction, but he will not fight for this idea. He is a person who fights for his own power. After Wang Anshi fell, he not only was not implicated, but instead won Sima Guang's recognition. Because he began to become an official in Sima Guang's way, and he was very good. Sima Guang commented that if everyone was like Cai Jing, why worry about the difficulties in the world.

Cai Jing is such a person who has no firm position but is very capable. But he is a member of Wang Anshi's party after all, and he is too stinky, which makes Wang Anshi unable to turn over after his death.

Nowadays, no one in the court dares to say that Wang Anshi's method is good. Even if they are actually using it, they are also using the tea, salt, and maritime methods to make money, but they cannot be said.

The words of Lu Yihao and Yan Xiaoguang are very special, because the people in Jiangbei do not like to use money to attract them, but they do not want to promote them.

Moreover, they also firmly opposed the bills in Jiangbei were vassals, which were not vassals, which were vassals, which were vassals, and the vassals printed by the two Huai Rivers themselves. They were not privately printed by the vassals. Yan Feng also took out the Yangzhou printed salt tickets and grain ticket books, claiming that they were printed by the Yangzhou government and had nothing to do with the vassals. The number of printed each year was only one million hu (stones), and changed every three years. The Huai River circulating on the market would not exceed two hu of grain, and one hu of Huai River salt would not exceed two hu of money. The total value of these Huai River citations would not exceed four million hu. It is precisely because there are few printed materials that they are more valuable and the people are happy to use.

At the end of the argument, both sides completely became chaotic. Without any evidence, Censor Zhao Ding insisted on promoting money induced to benefit the country but not harm the people. They could only say this. They knew in their hearts that money induced is a tool to plunder people's wealth, but they could not say that. Lu Yihao's side could not say that money induced to harm the people, because it would be meaningless to argue like this. Will the money induced to Jiangnan be printed? If it is printed, it will harm the people, and the court will be finished.

After the argument for the country and the people could not continue, the censors began to turn to the technical level. Zhao Ding's school said that money was a good governance and could help the court get wealth; Lu Yihao's school said that Huai's school was better, which not only made the people like it, but also gained more money in Jiangbei than money was.

The method is that the government in Jiangbei, including the Kaifeng Grand Governor's Office, used Huaiyuan as military expenses, and no one would have stopped buying the food. Not only would it not be stopped, but some merchants traveled thousands of miles to Kaifeng to send grain for Huaiyuan. As for Lu Yihao's financial difficulties, they could be alleviated by borrowing debts. Yan Feng believed that it would be no problem to borrow one million hu of hu (stone) Huaiyuan, which was more valuable than the 30 million tumblers given to Lu Yihao by the court, and would not be rejected by the people.

The two sides debated one by one about the pros and cons of Qianyin and Huaiyin.

In fact, the difference between the two bills is not big. Huaiyin is nothing more than linked to grain and salt. For most people who do not go to the official warehouse to exchange grain and salt, all they need is a stable currency. Money is guaranteed by credit and forced to use it by the people. In fact, there is not much difference. As long as credit can be maintained, it can be passed. Otherwise, the financial system of the Song Dynasty would have collapsed long ago, but it not only did not collapse, but also developed better than other countries. But this is only relative, not because the Song Dynasty played better, but because other countries were worse.

The origin of money induced a big problem as early as Cai Jing's rule. Cai Jing faced a lack of financial problems in his first administration. Song Huizong owed a lot of debts and was blocked by merchants. It was a small matter. The central and local governments generally had no money to use.

Cai Jing also adopted the practice of indiscriminately scattering money at the beginning, but the money went bankrupt and the public was furious, so Cai Jing stepped down. After taking office for the second time, Cai Jing knew that money could not be so good and began to be cautious. The circulation volume of money was limited to 1.25 million yuan, and the circulation area was limited to Sichuan, Shaanxi, and Hedong. It was not until the Xuanhe period that the depreciation of money was curbed. Unfortunately, the Jingkang Rebellion ended this good momentum.

The money that Cai Jingdu can’t play with is actually too much, and the civil servants of the Southern Song Dynasty can’t play with are actually too much. The biggest problem is that they have no money. Half of the country needs to spend much greater than before. What should they do if they don’t pay indiscriminately?

Of course, the court was concerned about Li Guanhou's incest, but at that time, Li Guanhou was not doing it alone, and Zhang Jun did it earlier. The court could not provide military expenses. Zhang Jun was stationed in Wuzhou at that time and came up with a solution, which was printed with a certificate called Guan of Jianqian. Zhang Jun raised military pay in Wuzhou, and merchants paid cash in exchange for equivalent Guan of Jianqian. Merchants could exchange cash or tea and salt in Lin'an for goods.

Therefore, every time the court was dissatisfied with Li Manhou Yin’s fraternity, Li Manhou said that this was a military vote, which actually refers to Zhang Junyin’s snare.

There are naturally restrictions on the possibility of money quotations. Many of them were summarized and explored by Cai Jing in his mistakes, such as limiting the scale, printing more than one million yuan a year; there is also a system of changing the boundary, where money quotations are two years, and will be invalidated when they expire. However, if they are completely invalidated, money quotations cannot be accepted. Therefore, there is a system of changing the boundary, and before the expiration, the people exchange old quotations for new quotations; there is also a system of quotations for quotations. When money quotations depreciate seriously, the court can exchange cash for money to ensure the value of money quotations.

However, these systems are used to ensure that money attracts credit, but the systems cannot be implemented in different hands and for different purposes.

First of all, the restriction measures were broken. The amount of money in the Southern Song Dynasty could no longer be limited by one million guan. Ten million guan could not be defeated. Excessive money would inevitably depreciate; the exchange of the world was also regarded as another tool for making money. The people exchanged old guan to new guan, and there was a handling fee, and the government did not bear this cost. This cost of exchanging old guan was called guantou money, which was higher and higher; the credit quotation was also changed. The government used cash to set an exchange rate to exchange money for money, in order to stabilize the value of money. As a result, when the government exchanged, the market price was already very low. They set a exchange ratio lower than the market price, which actually encouraged the depreciation of money.

After these civil servants were unable to play well, they used power to force them. The biggest reason for printing money was the lack of copper coins. They restricted the people from storing copper coins, and stipulated that civilian families could only store up to 10,000 s of copper coins, and officials could store up to 20,000 storing coins, trying to force copper coins into circulation and make money into storage currency; in order to deal with the people's concealment, they used evil means of encouraging and reporting.

Why not cast more copper coins?

Because the cost is too high!

Under the inefficient and corrupt management system of the Southern Song Dynasty, the cost of minting a thousand cents was as high as 2,400 cents, so Zhao Gou continued to abolish the money supervision in various places and stopped minting money.

Can you still print money and pay compensation? That’s it in the Southern Song Dynasty!

The biggest problem of the stability of the vassal in Yangzhou seal by Li Manhou is not that there is grain and salt as a deposit. In fact, it is that those systems are strictly implemented and quantity restrictions are limited. It will also use grain and salt to collect too many vassals, eliminate excessive straits, and even sell copper coins to stabilize the value of the currency, rather than using these means to plunder.

After several days of quarreling over the issue of money and vassal sect, both sides were tired. The Zhao Ding Sect began to doubt whether these vassal sects were really in the hands of the Yangzhou government, even if they took out all the books.

Finally, Lu Yihao and Li Manhou made a guarantee, indicating that these were the Yangzhou government's control, which made Zhao Dings say nothing and agreed to Lu Yihao's suggestion to use Huaiyan to deport military expenditure.
Chapter completed!