After Xu Ping finished speaking, the Chongzheng Palace calmed down for a moment, and everyone was thinking. Except for the last treasury bond protected by taxes, all such currency have actually been practiced, and it is still the way to buy coupons for Sansipuzi.

After thinking for a while, Cheng Lin asked, "What the Jiangyi said just now is unknown, so please help me solve the problem. Needless to say, there is no problem with the old exchange for new ones. The second is to print money according to the shopping coupon. The concern is that when the banknotes are sent out, private trade has been used. When new goods come out, new banknotes are sent out, and new banknotes are stacked together, will there be too much money and cheap things?"

Xu Ping nodded: "If the planning is not good, it will be. I still can't make up my mind about this. Is it a good idea to issue banknotes based on the more goods that are out of the year than last year, or to divide the banknotes like a jiaozi. Whether it is a three-year world, a five-year world, or to slowly reclaim the old and old money by using new and old money, in short, it can always be controlled. However, it is also a good way to issue banknotes based on the new goods. It is also an incentive for the Sansi Shop, so that they will become bigger and bigger."

"Since you can't make up your mind, let's go hand in hand and try to see it for a few years. There is no need to stick to these things."

Li Di likes to focus on the big picture. If you have any doubts, just try it together.

Cheng Lin said again: "Okay, it's better to try it together, and in the end everyone is in mind. There is also the last method of paying money according to taxes, which is not a big deal. It's just that the three departments have borrowed taxes for one year. The key is, how can they be distributed after printing this money? It's the same as before, but it won't work."

The issuance method of copper coins is to be deposited into the inner warehouse after being minted. Of course, the minting supervisors in other places sometimes just pass the account. When encountering national celebrations or special days, the emperor rewards the imperial guards, the money will come to the hands of officers and soldiers. Don’t underestimate this method. Coins of hundreds of thousands or even over one million chunks will be out without realizing it. Also, when the Sansi is short of money, borrow money from the inner warehouse, enter the left warehouse, and enter the hands of officials by paying salaries, or rescue disasters into the hands of disaster victims, or the Sansi is to go to the hands of merchants. It is obviously inappropriate to do this new currency. This method is issued too slowly and the circulation speed is unbearable, which is incompatible with the business economy that Xu Ping wants to promote.

Cheng Lin was the third commander of the third commander of the Ministry. He saw what Xu Ping said more clearly than others. After reading "The Strategy for Rich the Country and the People", he gradually began to grasp the core of the problem. What Xu Ping is doing now is the biggest difference from before? The three commanders used to collect money and grain from the world and make money. What Xu Ping had to do was to make money and create more wealth.

Xu Ping turned to Cheng Lin and said, "I think this way to distribute money from the bachelor's school. As I said before, to build a bank as a bank, the money made is to distribute money from the bank. Money supervision and control money, and it is different from the copper coins in the past, and no longer makes a loss. In the past, if you do not mention the fire consumption or the private sales of money, you can get several times the profit. Just say that copper coins are transported in the world, and the court does not know how much freight will be paid in. Flying tickets cost 20, but the freight costs of copper coins in the world are far more than twenty, and this is all required by the three corporations to get money in. In the future, when there is a bank, the money from the money supervisor is distributed to them, and interest will be collected. This interest will support the spread of money in the world."

"What exactly does this bank do? How to distribute money?"

"I think so now. With the Zuozangku of the Sansi as a bank, we will make a suitable interest from the newly-made money of the Money Supervision Loan and make sure that they can repay the principal and interest. If the bank wants to make money, it must lend out the money that has been loaned out, and of course the interest will be higher. Of course, for banks, this money is actually just a small head, and the real big head is that they can collect private money, and there will be interest when deposited to them. Part of the money received is placed in the Money Supervision Loan as collateral, and most of it is still loaned out. The interest deposited is far lower than the interest that is loaned, and the difference is the money earned by the bank."

Cheng Lin frowned: "It's the method of Jingxi Road Money House. No need to ask, if you lend it, you can only lend it to a company and not to a private household? It's just that it's different from a money house. Those who save money also have interest to get."

"That is. In the past, many people were reluctant to let households save money into money houses, and they felt it was inconvenient. In the future, they could not be reluctant to have interest. With capital, it is natural to generate interest."

There is a saying that Xu Ping did not say that if society maintains a certain amount of inflation, then private money would have to be deposited into the bank in order to reduce losses. Using this method is much more difficult to deposit money from the money house when on Jingxi Road, and much more hidden.

The profits of banks should come from deposit and loan interest rate spreads, and invest idle funds in society in places where economic development is needed to achieve optimal allocation of funds. The larger the scale of this unified market, the more obvious this effect is.

What Xu Ping envisioned was to let the new Money Supervisor be the central bank to issue currency, and then set up several commercial banks and policy banks to complete the task of fund allocation. Originally, the central bank was part-time job in the treasury, but now in fact, the treasury was divided into two parts, one was the left treasury of the three departments, and the other was the inner treasury of the imperial palace, so this could not be done.

Cheng Lin shook her head slightly: "It's easy to collect money when you collect it, but it's not easy to lend it out. Those companies, Jingxi Road, are not doing very well, and it's even more difficult to open other places. As for lending to the people, of course, they can't even think about it."

Of course, I can't think of it. Xu Ping never thought of letting banks operate private lending. First, it will impact the existing wealthy and powerful homes' depot business, which can easily cause a rebound. Another way of operating risks is too great, and the other will cause yourself to fall into a whirlpool if you are not good.

In history, Wang Anshi's reform was to use Qingmiao loans to lend money to the public, which was one of the most controversial policies in the new law. Forced many people to the opposite side of the new law, and the contribution of the Qingmiao Law is indispensable. Private lending has a great risk of not being able to recover the debt. Another reason is that the cost of collecting the money is too high, and if the interest is low, there may be no profit or loss.

After the loan expires, of course, most people will go to the bank to repay the loan honestly, but there are always some people who can delay it. If you collect money from these people, even if you pay back the money as soon as you come to the door, the silver will have to pay the car and horse fees for the runners. Not to mention that there are still countless trips that have to go out, and the interest is not enough for the travel expenses of those who charge money. As for those who rely on their debts and don’t pay back, they will pay the capital in. Such people will naturally push up the cost of the loan a lot.

It is not impossible to reduce risks and loan costs. The easiest way is to reduce violence.

The cost is transferred to the state regime, and the state violent organs assist in collecting the money, and they are directly arrested in prison if they expire. This is the old way of Wang Anshi's reform. The violent use of violent organs is difficult to control and will not serve the banks honestly. It is very likely that the cost they spend is higher than that of the bank, but they are just forcibly transferred to the debtor. Individuals cannot confront the state, right? The social conflicts caused by this have become weapons against the reformers.

Either the cost is borne by the violent organs of the people, and it is also passed on to the debtor. Violent debt collection has not been new from ancient times to the present. However, Xu Ping, who was carrying out the reform, dared not bear it, nor could he afford it.
Chapter completed!