According to the rules for issuing silver notes, the amount of gold stored in the treasury is proportional to the silver notes issued.
Now the treasury of the Wu Dynasty has a total of 17.2 million taels of gold in reserve, which means that the Wu Dynasty has issued 172 million taels of silver notes, half of which came from the first year of His Majesty's accession to the throne!
The amount of currency issued has doubled, but a problem arises. According to the law of currency, if there is twice as much currency in the market, the price of goods will increase by at least 30%.
But prices in the Wu Dynasty rose slightly last year, but fell back this year - it is still surprisingly stable.
"The supply of goods on the market is increasing exponentially, and people's incomes are also increasing. The money supply acts as a balance. If the amount of money in circulation remains unchanged while the amount of goods increases, prices will drop significantly. Because people have the same amount of money and their purchasing power remains the same, these excess goods will become unsaleable and become inventory. Ultimately, merchants will be unable to recover their funds, making no money, and even factories may go bankrupt."
"So don't be afraid of issuing silver bills. I have a plan in mind. Half of this 100 million will be used to purchase bulk commodities from the Fan Kingdom and Yu Dynasty. The vast majority of the rest will be used for scientific research and infrastructure investment."
“…”
Fu Xiaoguan spent a long time explaining to Wen Siyuan the relationship between currency and economy. The three of them listened with great interest and realized that there were so many details involved in the issuance of currency.
The sun sets, but there is still no cool breeze.
"Eunuch Jia..."
"The old slave is here."
"We've been in Siyang County for so long and haven't been to a good restaurant yet. Go and reserve a table so we can have a feast tonight."
"I obey your command!"
"It's my treat. Of course, I don't know what good food there is here. It certainly can't compare to the food in Guanyun City, so just make do with it."
Before Fu Xiaoguan finished speaking, Eunuch Jia came back and said, "Your Majesty, there's a young man outside named Gongsun Ce who wants to see you. He claims to be one of your men from the time when you were at Wofeng Road."
Fu Xiaoguan's eyes lit up, "Let him in!"
"good!"
"I'll introduce this guy to you later. He's from the Yu Dynasty and very capable."
Gongsun Ce was standing outside the yamen, feeling very nervous.
I have never felt this kind of anxiety before.
He was the top scholar in the tenth year of the Xuanli reign, one of the first officials that Fu Xiaoguan was to set up as the Ministry of Commerce, and also one of the first officials that Fu Xiaoguan sent to Wofeng Road.
At that time, he was accompanied by the second runner-up Shang Liang and the third place winner Sima Nan and Ma Xingkong.
Now these people are all working in Wofeng Road and have been promoted, but they are not very happy with their work.
Two months ago, Gongsun Ce was inspecting Lanling County and had a hot pot meal and chatted with the Lanling County Magistrate He Shengan all night.
"If I were you, I would go find the Holy Duke. Unfortunately, my status is too humble. Although I was selected by the Holy Duke, we have only met a few times."
"What can I say about Wofeng Road? It belongs to the Holy Duke. It's full of life when he's here. Now that he's gone, you'll see, in two years at most, this place will become a stagnant pool."
"If you still have political ambitions, now is the time to follow in his footsteps. When the great roc soars with the wind, it soars to 90,000 miles... Some ideals can only be realized if you follow the right person."
He Sheng'an's words deeply moved Gongsun Ce and made him determined to leave. After returning to Wofeng City, he resigned from his official position, took the Yi Kingdom, and came to the Wu Dynasty.
Along the way, he heard many stories about Fu Xiaoguan's deeds, and he realized that Fu Xiaoguan's governance in Wofeng Road was just the tip of the iceberg of his abilities.
He fully unleashed his abilities in the Wu Dynasty. The economic vitality displayed by the Xinzhou Free Trade City, which Gongsun Ce had personally visited, and the Dayuguan Free Trade City, which he passed by, made him take notice. Not to mention the Outline of the First Five-Year Plan, which made Gongsun Ce praise it highly.
If Emperor Xuan had not done that to Fu Xiaoguan, would he have left the Yu Dynasty?
Gongsun Ce didn't know, he only knew that the Wu Dynasty would leave the other countries far behind.
He was now standing at the gate of the county government office, and Fu Xiaoguan was in the backyard of the county government office. They were only a hundred meters apart, but this hundred meters seemed like a natural barrier - he was no longer the Minister of Commerce or the Governor of Wofeng Road of the Yu Dynasty! He was the Emperor of the Wu Dynasty!
Will he remember my name?
Would he think that I had nowhere else to go and came to him for help just to have a meal?
Will he still be as respectful and open-minded as before?
Now that he sits on the highest throne, will he be so cold and indifferent that he keeps people at a distance?
During this short period of time, Gongsun Ce felt that the days were passing by like years.
Soon, Eunuch Jia came out again. He smiled at Gongsun Ce and said, "Your Majesty, please come in."
Does he remember me?
Gongsun Ce opened his mouth in astonishment and bowed to Eunuch Jia: "Thank you, old man!"
"Come in."
"good!"
Gongsun Ce took a deep breath, raised his head, stepped into the county government office, and came to the backyard. The sunset glowed on his face, and there were fine beads of sweat on his face. He felt a little hot and a little panicked.
He calmed down and walked towards the side yard. He heard hearty laughter coming from the wing room, and then he heard that familiar voice:
"You don't know, but back then I was in the Yu Dynasty's Ministry of Commerce. I had no one, so I tricked someone named Li Cai into joining me. Then, I took Gongsun Ce, the top scorer in the Autumn Examination, and a few others from Emperor Xuan. That's how the Ministry of Commerce was established."
"After that, I went to the Jixia Academy and recruited a lot of people. Half of them were students who followed me to the Wu Dynasty to participate in the literary gathering. Why did I want them? Because they accepted my business philosophy!"
"Actually, I feel sorry for those people, including the officials of Wofeng Road. They are talented people... but they are from Yu after all, so I didn't dare to speak up. What if they are unwilling to leave their hometown and work for the Wu Dynasty? Wouldn't that ruin their future?"
Gongsun Ce's eyes suddenly filled with tears. He has not forgotten us!
He always remembers us!
He still cares about us so much!
Gongsun Ce walked into the room and saw Fu Xiaoguan wearing a green linen robe.
Fu Xiaoguan also looked up at him, and a smile suddenly broke out on his face.
He stood up and walked towards the nervous and excited Gongsun Ce. He opened his arms and gave Gongsun Ce a warm hug!
"Hey man, I finally see you again!"
"……His Majesty!"
"Hahahaha, come on, come on, sit down, let me introduce you..."
Gongsun Ce bowed to everyone one by one, and only then did he realize that in such a simple place, there were officials of the highest rank in the Wu Dynasty.
In this short period of time, he confirmed one thing:
Fu Xiaoguan has not changed!
It’s still the familiar face and familiar taste.
Continue read on readnovelmtl.com
