Chapter 415: Managing the country of Kavala, working hard and loving the people Bruno!
Bruno always believed...
Only by having our own currency can we become a truly economic power.
The many drawbacks of the physical currency currently in circulation on the continent also gave Bruno the idea of reforming the monetary system of the Principality of Idar.
If it were in the past, Bruno would definitely not dare to touch the monetary system.
But,
Today, the Norman Empire is in pieces.
Piesman claimed to be the orthodox empire and established the Second Norman Empire with the support of the church.
Rez raised his arms at St. Lawrence and announced the birth of the Third Norman Empire.
At the same time, the calls for independence from the western noble groups grew louder and louder, and the Odin Empire in the north once again began to eye this chaotic neighboring country.
so……
External factors that may affect the reform of the monetary system have gradually disappeared.
The progress of the magical industrialization of the Principality of Idar and the government credibility established by Bruno during this period also gave the Principality of Idar the internal conditions to carry out monetary system reform.
But... currency reform is easy to say, but if it really needs to be reformed, how should it be reformed? And what should it be changed to? This is what makes Bruno most anxious! Although the prestige of the Stuart family is at its peak in the current Principality of Idar, and the credibility of the Government Affairs Office is also widely praised, it is definitely not an easy task to change the heavy copper coins in the hands of the common people into a light paper currency.
Can paper money really be used in the same way as copper coins? Bruno is 100% sure that this idea will definitely become a doubt in the minds of all Idar people!
It is precisely for this reason that Bruno has continued to accumulate the people's trust in the Idar City Hall during this period and deepened their dependence on this land!
Only when the people of the Principality of Idar have enough trust in the Idar Government Office and the Stuart family, can the reform of the monetary system be gradually promoted.
and……
Bruno intends to do it in one step and directly issue credit currency!
certainly,
Set your goal first.
You can take steps slowly, one step at a time, but you must not rush into things related to the economy!
The gold standard certainly has its advantages, but once the growth rate of gold production is lower than the growth rate of commodity production, the circulation basis of this type of currency will be greatly weakened.
Similarly, even if we do not adopt the gold standard, but use the silver standard or copper standard, the same situation will occur.
And obviously,
The rapid development speed of the Principality of Idar is obviously not suitable for adopting a gold standard monetary system.
Moreover...the stock of precious metals such as gold is also an important factor restricting the Principality of Idar from adopting the gold standard or a "gold standard"-like system.
indeed,
The gold standard has its own advantages. It can reduce the uncertainty of exchange rates between different currencies and prevent one country from having a privileged position in trade and exchanges.
But what Bruno wants is a privileged position!
As the ruler of the Principality of Idar, Bruno wants the Principality of Idar to have a privileged status that no other country has!
so……
Although credit currency seems to be a big step forward, it will not cause too many problems as long as it is implemented step by step in practice.
otherwise,
Why would Bruno need Idar Public University to train a large number of forward-thinking economic talents? !
Why is it necessary to set up a special Idar National Statistics Bureau to collect various data on the Principality of Idar? !
According to his plan, the denominations of the first edition of banknotes of the Principality of Idar will be based on the previous life, namely 10 cents, 50 cents, 1 dollar, 5 dollars, 20 dollars, 50 dollars, and 100 dollars.
in,
The one-yuan paper bill corresponds to the copper coin.
The twenty-dollar note corresponded to the silver shilling.
【Blowout warning:】
[Copper coins do not mean all copper, and silver coins do not mean pure silver. For example, the silver dollar of the Qing Dynasty is a silver dollar with lead inside the silver skin.]
As for the issuance of paper money...
Bruno is not in a hurry to achieve this goal in one step.
Civil servants of the Idar Principality's Government Office, Idar Immigration Administration and other institutions will be the first to use paper money to pay their salaries on a monthly basis.
Large-scale infrastructure projects located in the Principality of Idar will also issue paper money to pay workers' wages.
certainly,
Considering that paper money has just been introduced, it will take some time for it to be issued and accepted, so... the people of the Principality of Idar can exchange paper money for heavy currencies such as copper coins and silver shillings at the Idar United Savings Bank.
These metal currencies can still circulate freely.
after all……
People's confidence in paper money needs to be cultivated bit by bit!
As long as the Idar Central Bank can strictly control the amount of banknotes issued and keep the value of banknotes stable, then in time, banknotes will become the currency favored by most Idar people! Presumably, those students who have carefully studied economic knowledge such as rediscount rate and deposit reserve ratio will not make too many mistakes! Bruno is still very confident about this.
The same goes for those students.
…
As one of the first batch of students at the Faculty of Economics of Idar Public University, Kavala feels that his life has undergone earth-shaking changes in the past six months.
In fact, when they first enrolled, the School of Economics was not as popular as several other colleges.
after all……
Not to mention students from ordinary families like them, even the descendants of big businessmen don’t know what economics is! What is economics?
Anyway, according to the School of Economics, they are studying a discipline that studies how people produce, circulate, distribute and consume all material and spiritual resources.
But this definition sounded too general and out of touch with reality, and they were confused at first.
But soon...
As the textbooks were distributed one by one, Kavala felt like... he had opened the door to a new world!
The impact of transaction methods, monetary system, and economy on national economy and people's livelihood...
For the first time, he realized that these things that were so close to his daily life could actually be summarized as such a profound and mysterious knowledge!
The series of extremely typical economic phenomena mentioned in the book, such as inflation, deflation, and stagflation, opened his eyes!
While studying at Kavala, he looked at the world from a completely new perspective for the first time and thought about everything around him from an economic perspective.
at first……
Since the theory of economics is very advanced, what the teachers teach is very limited. They can only rely on the textbooks written by the Duke (they think) to further understand.
However, no one knows when the knowledge that was originally difficult to understand suddenly became easy to accept, and their understanding of economic theories is also changing with each passing day.
Not only the knowledge related to knowledge economics, even the most difficult math courses in daily life do not seem so difficult to understand.
Of course, they didn't know that this was actually the effect of the double gain buff brought by Idar Public University. They just thought it was the result of their own accumulation of strength.
However, the improvement in learning ability did not make the students of Idar Public University complacent, but instead made their thirst for knowledge even stronger.
Except for three meals a day, they spend almost the entire day in the library or study room of Idar Public University, studying what they have learned!
Even when I meet students from the Polytechnic Institute, I can explain my understanding clearly.
It was during this day-to-day study that the news of the preparation for the establishment of the Idar Central Bank finally reached Kavala's ears.
At this moment, he was full of confidence and became more and more aware of the responsibility he shouldered!
Their fate was changed by Bruno Stuart, Duke of Idar, and now it is time for them to repay the duchy! So...
Even though they had a heavy burden, Kavala still managed to balance the tasks of learning knowledge and preparing for the bank, and he also believed...
With the establishment of the Idar Central Bank, the name of the School of Economics will surely resound throughout the Principality of Idar! …
The preparations for the Idar Central Bank have been put on track, and Clare successfully returned to the city of Idar in mid-December.
The first thing he did when he returned to the Principality of Idar was to report to Bruno! As soon as he entered Bruno's study, he knelt down.
Well, it’s kneeling in the physical sense.
It made a loud noise and almost choked Bruno who was eating breakfast.
actually……
In the Duchy of Idar under Bruno's rule, even if one kneels, they usually only kneel on one knee, which means loyalty to the lord.
But Claire suddenly fell to his knees, and Bruno felt pain just by listening to it.
"Your Majesty the Duke..."
"Claire Karabur, I am willing to serve the Duke as a pioneer forever, no matter what it takes!"
Claire's words were quite sincere. After all...
Without Bruno's support, how could he have met his mother and brother again? From a civilian to the director of the Idar CIA, such a transformation and leap would have been unimaginable even in Bruno's previous life on Earth, not to mention this era where civilian lives are worthless! But...
Bruno actually did it!
He promoted Krel from a laborer at a salt field to the position of director of the Idar CIA! These alone were enough to make Krel die.
Not to mention that he was specifically asked to bring his family to live in the Principality of Idar!
"Is everyone in your family healthy?"
Hearing this, tears welled up in Karel's eyes.
This was a touching feeling from the heart! Bruno was a duke, but he was still very concerned about his family. In this era... Claire's excitement could no longer be described in words! "Great...Great!"
Claire looked at Bruno excitedly and sobbed sincerely.
"Alright, alright! Hurry up! You're the director of the Idar CIA! Show your might!"
Seeing Claire like this, although Bruno looked nonchalant, he couldn't help but feel happy in his heart.
The people of this era...
What a group of simple and lovely people! Sending Claire to personally go and fetch his mother was just common sense to Bruno, but to Claire, it was already a great favor! Hearing this, Claire quickly stood up and wiped the tears from the corners of his eyes.
Then……
Then he saw the vegetable sandwich in Bruno's hand.
At this moment, the tears that had been held back flowed again involuntarily.
Other nobles would love to eat delicious food and live a luxurious life every day, but their own Duke... not only cares about the survival of ordinary people, but also doesn't care much about his own life.
In his opinion, Bruno was experiencing the living conditions of ordinary people firsthand!
"Your Excellency the Duke... Is this what you usually eat?"
Huh? Hearing this, Bruno couldn't help but look at the vegetable sandwich in his hand.
Then I understood in an instant.
This is a misunderstanding!
The nobles of this era did not know what a balanced diet meant, nor did they know what was the healthiest way of eating.
They would eat a roast suckling pig for one meal and fill their stomachs with all kinds of sweets early in the morning.
All in all, every time Bruno saw the nobles' recipes, he felt... a little creepy.
If I also eat that way, it would be unfair if I didn’t gain weight!
On the other hand, Bruno’s breakfast…
The outermost layer of the vegetable package is freshly picked lettuce, wrapped with a small amount of black fragrant rice, a little chicken breast, an egg, a little grilled fish fillet, and some colorful fruits and vegetables, and also spread with my favorite salad dressing.
Compared with the two, Bruno's breakfast does look a lot simpler.
Even because the vegetable sandwich is inconspicuous in appearance, to outsiders it might seem that Bruno is just eating a bunch of vegetable leaves.
But in fact, both the taste and the ingredients are top-notch!
And... it's healthy! Not greasy, not fattening, in line with the balanced diet, the nutritional combination is extremely perfect.
Originally, Bruno had planned to have Claire have breakfast with him, but now it seems... well, he should continue to maintain his bright and majestic image!
Thinking of this,
Bruno said righteously:
"If civilians can eat it, why can't I?!"
As he spoke, he finished the rest of the vegetable bag in one gulp.
And Claire, who was watching from the side, was even more moved.
This is my Lord Duke!
A nobleman who is not fussy about details, is kind to the people, and is diligent in government affairs!
Bruno naturally didn't know what Claire was thinking. He picked up the handkerchief beside him and wiped the corners of his mouth.
Not bad, not bad, the taste is really good! It seems that the fat cook's cooking skills have improved a lot in these days...
Give her a chicken drumstick another day! "Didn't I say I'd give you a day off to spend time with your family? Why are you reporting in today?"
"No, no! Your Excellency the Duke, the CIA must have a lot of things piled up. I'll go there right now, and I'll definitely go..."
Before Claire could finish, Bruno waved his hand and said in a commanding tone: "Alright, alright! Today is the opening ceremony of the football league! You, bring your family and come with me to watch the game!"
"As for the CIA... of course, they'll be watching over there with Baumil and his men, so nothing will go wrong!"
Trust is trust, but as the Idar CIA continues to expand, Clare will definitely not be able to handle it all by himself, so naturally he has to give others the opportunity to gain experience.
And at this moment...
Claire's eyes were once again soaked with tears:
"As you wish, Your Excellency the Duke!"
Go for it! (End of this chapter)
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