Chapter 158 Measures to Issuance of National Bonds

"Lord Qian, why do you need to embarrass me? If you think this matter really doesn't make sense, you can only tell me the whole story. Don't cry, scream, or hang yourself like that little woman just because His Highness said a few words to you.

As someone who has the demeanor of a first-class official, didn't you make all the courtiers laugh at you? I also know that you really worked hard for donating money, and those who worked hard went to Yanyu Tower.

Sorry, I just can't figure it out. Before that, you frequently entered the Yanyu Tower, the largest fireworks place in Liyang City. Could it be that you went to the brothel to ask for silver to replenish the treasury. I wonder if Lord Qian is now asking for it at the Yanyu Tower.

How much silver is needed to fill the national treasury?"

Li Yu's words suddenly made the crying voice of the household secretary Qian Yingdiao suddenly stop. He was even more frightened and filled with resentment. His Highness was too shady. He followed me and then thought of doing things by himself.

All the secrets were discovered by His Highness. Even though he was extremely aggrieved at this moment, he couldn't even say a word of differentiation under Li Yu's shock.

When all the courtiers saw Qian Yingding's dumbfounded expression, they knew the truth of the matter, and they gloated over Qian Yingding's tragic experience. It turned out that Qian Yingding, the usually sanctimonious Minister of the Ministry of Finance, also frequently came and went.

Su Chang, a member of the Fireworks Willow Alley, saw that the image of being loyal to the country and the people collapsed under Li Yu's words. In an instant, all decency, face, and nobility were gone.

What's even more shocking is that His Highness has some tricks and even knows all about this. He unconsciously thinks of what he has done, and can't help but feel a chill in his heart. He is afraid of Li Yu.

The heart rises even more.

Emperor Li Zhi also had a look of astonishment, thinking to himself, the fourth prince Li Yu is really powerful. Although he was troubled by what happened last night and was even more annoyed by his vicious killing methods, he volunteered to donate to the national treasury today.

It was better to let myself get to a higher level. Besides, not many people knew about this matter. And seeing that Prince Li Yu acted and spoke with ease, advancing and retreating in a measured way, Li Zhi was also confused for a while, and became more and more confused.

The less I can see through my son, who has always been pretending to be crazy and acting stupid.

After talking about money winning ingots, Li Yu looked down upon him. He continued: "Father, as for donating money just now and becoming an official, it was a strategic move. Although it can also make a lot of money, after all, some people are not just relying on their true talents and learning.

Li Yu has a good idea for becoming an official in this court, I wonder if my father wants to hear it."

"Since we have a good plan, why don't Yu'er come up with it so that he can share his worries with his father and contribute to the country." Emperor Li Zhi was already looking forward to Li Yu's best plan to see what else Prince Li Yu could say.

Words come.

"My best way to replenish the national treasury is to issue the national bonds of the Great Shen Dynasty to the general public." Li Yu thought of the national bonds issued by the country to the people in difficult times in previous lives.

"National debt, what is this?" Emperor Li Zhi asked with great interest.

"The national debt is the debt temporarily borrowed from the subjects of the Great Shen Dynasty during the period of national embarrassment. It is also called the national public debt. It is based on its creditworthy banks and in accordance with the general principles of private borrowing. It is borrowed from the world.

The people raise money, and then mobilize the power of the whole country to solve temporary worries. For example, the Yanyulou Bank in our dynasty has a high credibility among the people. We can issue a temporary loan certificate through Yanyulou. This

We can temporarily call this kind of certificate a treasury bond. In other words, although it is issued by Yanyu Village, the debt still belongs to Dashen Dynasty. When the time comes to return it, in addition to fulfilling the original promised repayment of the principal, we must also

In addition, a certain amount of interest will be paid for a certain period of time to increase the enthusiasm of the people to buy government bonds." Li Yu said for a long time, even he felt that it was a bit convoluted. If you want to understand what it means, I guess it will

less.

Li Yugang expressed his thoughts, and the whole political hall was boiling like a pot exploding. But generally speaking, it allowed the Dashen Dynasty to form a creditor-debt relationship with its people, which was a big deal in that dynasty at that time.

It was a loss of royal decency and royal dignity. However, Li Yu had another way to work around it, that is, not to issue the issue in the name of the imperial court, but to do it in the name of Yanyu Village, an enemy country with financial resources. This would very likely arouse the interest of the people, and not only

You can keep a lot of money without fear of losing it, and more importantly, you can earn interest, so why not do it.

When the emperor heard about Li Yu's good idea, he thought about it and felt that it was wonderful. Indeed, if the whole country could raise money, it might not only fill the national treasury, but more importantly, it would be able to raise money in a short time.

Raise more money within the next year, and then use taxes to replace the vacancies after the agricultural harvest next year. This is really a good strategy to save time and effort.

"Let me tell you whether the good policy proposed by Yu'er, the national debt method, is feasible?" Emperor Li Zhi did not express his opinion first, but kicked the ball to the ministers. In fact, he just wanted to see what the ministers thought about it.

view of things.

"Your Majesty, I think the difficulty of His Highness's three strategies should be reversed. Although the strategy of donating money is a lower strategy, it is also extremely difficult to implement. But among His Highness's three strategies, it is relatively difficult to implement.

But it is the easiest. As long as His Majesty gives an imperial decree, no Liyang official dares to disobey it. The second is to donate money to Zhongce. Although there will be some resistance, as long as it is done properly, I believe it will run smoothly. The most difficult thing to do is

This is the best policy listed by His Highness. Firstly, it is because the new policy will not be easily accepted by people when implemented. Secondly, it is somewhat constrained because it relies on Yanyuzhuang, which has a high degree of private credibility, as the medium for issuing national debts and issuance in large quantities in our country.

At the same time as national debts, there will be many aspects that will be restricted by Yanyuzhuang. Otherwise, once this media fails to cooperate, the matter will not be able to operate. Thirdly, there will be certain hidden dangers in the later period. Originally, it is a matter of killing two birds with one stone. The issuance of national debts,

People who are free to buy and have spare money can not only get more investment channels, but can also store it with confidence. Because our treasury is full, our country will not be stretched to relieve victims, suppress rebellions and develop military equipment.

But the interest after repaying the principal in the future will also be a large source of income, which will increase the financial burden of our government. In fact, there is no other way." At this time, Shi Youshan, the Minister of Civil Affairs, stood up and spoke.

The discussion, regardless of the degree of difficulty of the three strategies and the expected shortcomings after operation, was analyzed in a reasonable and coherent manner.

The words of Shi Youshan, the official, made Li Yu start to look at him with admiration for this seemingly inconspicuous person. Who said there were no virtuous people in ancient times? This was not just a typical virtuous minister. If Li Yu could think of him so carefully, because

It's understandable that he has accumulated knowledge for thousands of years, but Shi Youshan was able to analyze it so thoroughly with just a few words from Li Yu. This opened Li Yu's horizons. It seems that if he really talks about governing the country.

He can come up with some fancy ideas, and he can't match others' rich political experience and accurate predictions of the situation. Li Yu deeply admires Mr. Shi from the Ministry of official affairs for his pertinent comments, especially at the end.

In a word, his best strategy is not a solution in the eyes of others. The national treasury is in deficit and needs to be replenished, which is a very difficult problem. There is no solution at all. In other words, there is no good strategy to get the best of both worlds. Issuing national bonds Li Yu originally thought

The courtiers in this room would greatly praise me, but I didn't expect that the first one to comment was very reluctant. Thinking about it, if there was a better solution, maybe there would be no need to dispatch the third prince to specially supervise this matter.

"What Master Shi said is so insightful and thorough. It speaks to my heart at once. But I don't know why Master Shi still thinks that the last of Yu'er's three strategies is the most difficult one. Why does he still think it is the best strategy?

?" At this time, the emperor Li Zhi was really standing in the position of a king of the country and was eager to hear the explanation from the official Shi Youshan.

At this time, after thinking for a while, Shi Youshan said again: "As your Majesty just said, I have already said that among the three strategies mentioned by His Highness, why is the most difficult strategy still listed as the best strategy, and the most difficult strategy is still listed as the best strategy?

The main reason is that although the best policy seems to be a new policy, it is also old news. His Majesty may not have known about private lending. It means that when a family has an emergency and is temporarily embarrassed and needs a lot of money, but there are no relatives to lend it to him temporarily, so

There is a group of people who make a living by lending money. They are specifically looking for people who are in urgent need of money due to temporary difficulties, but only if the borrower has the ability to repay in the future or has a very high credit rating.

Don't worry about lending it temporarily, otherwise no matter how high the interest you promise is, no one will lend it to you. Therefore, what His Highness said about issuing national debt through Yanyulou is a superior move. The key is that the release of national debt can be done in a short time

Raising a large amount of money within the country is not like the first two strategies. Although it is easier to start, the results may be very small, and it is not as huge as the huge amount of money raised by releasing national bonds. Therefore, I still support your highness's move."

When Shi Youshan was discussing Li Yu's three strategies, Li Yu also began to pay attention to this person. Listening to his words, he not only had strategies for governing the country, but also had a good understanding of the affairs of the streets and alleys among the people.

Isn't it the kind of person who was said in the previous life to be a capable minister who listened to the affairs of the court officials and alleviated the sufferings of the people?

At this time, Emperor Li Zhi, through Shi Youshan's detailed explanation, had become more clear about Li Yu's policy of releasing national debt, and all the ministers generally understood that the Da Shen Dynasty was actually in trouble and urgently needed money.

In order to tide over the temporary difficulties, I am temporarily borrowing some money from the people to spend, but it is not borrowed in vain, but with regular interest. In this way, buying and selling are voluntary and purchasing is free. If you want to be the son of the entire Dashen Dynasty,
Chapter completed!