Chapter 725： Real gold and silver (2/2)

Gao Wen frowned at the several currencies on the table, and looked through the detailed report brought by Padrek. He couldn’t help but whispered: "It’s a mess..."

Padrick suddenly wiped his cold sweat: "...Your Majesty, I am very sorry..."

"No, I am not scolding you," Gao Wen quickly waved. "You have done a good job. All the tests and samples have been carried out according to my requirements. These confusions are just the inevitable occurrence of new things." ... is the law of nature, not your fault."

Padrick sighed with relief: "Yes, Your Majesty."

“There is no obvious deviation between the imperial gold and silver reserves. It is feasible to issue currency in either the silver standard or the gold standard. However, whether to continue to issue currency based on the precious metal is the biggest problem,” said Gao Wen. Slowly said, "Padrick, you must have realized the hidden dangers of hooking gold or silver directly to the banknotes."

"...Yes, Your Majesty, and after hearing your theory about the currency trap, I confirm that the hidden danger is real and extremely dangerous," Padrik immediately nodded. "From a long-term perspective, and from a practical perspective, I think the 'credit currency' you mentioned is a better choice."

"...credit currency..." Gao Wen’s brow wrinkled again. "Padrick, you should know that the basis for issuing credit money is much higher than the issuing currency because in essence, we are going to Paper without any use value is defined as 'money', and the biggest premise for people to use these 'papers' to purchase goods and settle accounts is that they believe that the empire can honor the value represented by all 'banknotes'. This kind of 'trust', Must be as reliable as real money."

Padrick greeted Gao Wen’s eyes. The slightly blessed body sat very stable. He nodded and answered short and powerful: “Yes, I understand.”

He had thought a lot before he came here.

If Cecil wants to enter a higher social stage, he must complete the currency reform as soon as possible, and even if he does not consider the long-term future, only from the current point of view, the messy monetary system left over from the old Ansu era has already arrived. limit

The act of privately minting the aristocrats in the era of separatistism, coupled with the frequent re-casting of the currency caused by the political instability of the kingdom, made the old monetary system confusing, and only in the plains of the Holy Spirit and parts of the western region, the officially circulated currency included silver shields and long Dozens of metal currencies such as silver coins, short silver coins, gold shields, Wangjia twill gold coins, round copper coins, and small round copper coins, and the quality is mixed, and the exchange relationship is chaotic.

The intricate currency and exchange rate not only make business people feel bad, but also make it difficult for ordinary people to carry out large-scale trading, and even give birth to a special "exchanger" occupation, and these exchangers with local aristocratic background become a The disguised “extra tax officer” discards their little money from civilians and small businessmen.

The chaotic currency also hinders business transactions across the country. Due to inconvenient exchanges, the settlement risk is huge. Trade between regions can only be monopolized by specific groups, even in areas where the currency is most chaotic and the bad currency is severely saturated. It’s almost impossible to expand...

Even with the train and the new economic policy, as long as the quagmire of the “money garbage dump” is still there, the reconstruction and development of Cecil will inevitably be difficult.

Therefore, Gao Wen’s most important thing in reclaiming the power of the nobility is to ban all the aristocrats’ coin-making rights and unify them into the Imperial Mint (formerly Cecil Mint). The private currency in circulation is illegal. And within a certain cycle, the Office of Government Affairs will carry out gradual recovery, recasting and redemption.

Since the old coins are all precious metal currencies, as long as the color is up to standard, its value will not be reduced due to recycling and re-casting (the loss is not counted), so the unified policy of this currency has been smoothly implemented.

Under the premise of currency unification, the promotion of banknotes must also be done.

In the era of the magical industry, the growth rate and abundance of commodities far exceed the imagination of any one in the old era. The limited value of the unit is inconvenient to transport. The complicated precious metal currency will soon be unable to catch up with the times. The Titan empire next door has begun to implement the new currency. Cecil must also immediately enter the next phase of the currency reform.

This is a drastic change, and Padrik believes that since this drastic action has already taken place, it is necessary to make a change in place.

The world is not perfect, and the credit currency has its fixed shortcomings, but at least in the long run, it can avoid the biggest hidden danger of the substitute currency. The precondition of issuing the credit currency also thinks of the need for a highly centralized and authoritative core regime. It requires the people's trust in the national system, the strong executive capacity of the highest office, and the effective means and early warning measures to control the infinite excess of money. However, regardless of these difficulties, Cecil must issue credit currency.

He has his own considerations, and he believes that His Majesty the Emperor will support himself after hearing those considerations.

Gao Wen maintains a frowning posture.

Of course, he knows the advantages and disadvantages of the credit currency, and also knows the fatality of the substitute currency. However, he also knows that the steps are too big and will lead to the egg.

Worried that the direct issuance of credit currency will cause confusion, which is the biggest reason why he is unable to make up his mind.

He looked at Padrek in front of him.

This Kant scholar, who has a very high talent in the economic field, is not a person who likes to talk.

"Talk about your reasons, Padrik."