Chapter 699： About currency

With a sly and a bit of curiosity, Maggie led Rebecca to the front of a large building called the Institute of Magic Technology.

It is said that this is the highest research center of Cecil's magic technology.

It is said that most of the incredible magical devices that can exert their great power and function, which are called "perfect runes that cannot be explained by luck" by the members of the former Wangdu Masters Association, were born in this research center. Within its affiliated facilities.

Maggie had visited Victoria with her, but she did not have the opportunity to visit this technical temple. Today she was invited to become a member of a great project. This has to be said to be a kind of The wonderful arrangement of fate, driven by strong curiosity, Maggie couldn't help but look at everything in sight: everything here is extraordinarily fresh for her.

The Institute of Magical Technology is not as grand and luxurious as the familiar Wangdu Masters Association (that is, the nature she can think of and the closest facility to the temple), but this is a few stories high. The large building has its own unique beauty and solemnity. It consists of a main building and three annexes. The main building has a neatly arranged column support, while the top of the outbuilding has three simple and powerful words:

Curious; rigorous; persistence.

This may explain some of Ceci's scholars' attitudes toward research.

"These three words were put forward by Master Carmel. It is said that the ancestors of the empire were loyal to the code. The ancestors felt that it was very reasonable. Let us hang these three words in the building of the institute. On the top," Rebecca said happily next to him, "keep curious about the world, find the unknown in curiosity; keep the rigor in the face of the unknown, find the direction of research in the rigorous; persevere in the research, verify the results in the persistence... ..."

The imperial princess's tone was light and her face was always smiling. She finally had a chance to abandon the court dress that looked gorgeous but inconvenient, and replaced it with a simple dress that was easy to move. Maggie found that she was leaving. After Silver Fort came to the research facility, he was really happy.

This "His Royal Highness" belongs to this place.

With a smile on his face, Maggie walked next to Rebecca, who was chattering, and walked into the mysterious building with a group of men and women working in the institute.

Stepping into the gate, the first thing that catches your eye is a spacious and bright hall. The crystallized stone lights illuminate the area. The corridors and stairs lead to different places in the institute, and the most striking in the hall. It is a statue in the center.

It is not any hero or **** known to Maggie, nor is it the current emperor of the Cecil Empire. It is just a middle-aged man who looks plain and plain, dressed in a plain robes, holding a skinny little man. The girls, who stood in the center of the temple of knowledge and technology, were illuminated by a special magical crystal lamp. The man’s eyes were gentle and calm, as if looking at everyone walking into it, and each entered The magician or the instructor of the institute will also come to the statue first, then squat and then leave.

Maggie looked at the statue in amazement and couldn't help but ask: "Who are they?"

"It is the founder of modern magic technology and his daughter Annie." Rebecca converges all the laughter, with the serious expression that Maggie first saw, and then she came to the statue, deep The cellar pays tribute.

Maggie was a little overwhelmed, but she followed the ceremony, and then she saw the text on the pedestal underneath the statue: To the Blazers.

"Does he have no name?" Maggie asked in surprise and curiously.

"No... We only know that he is a wild mage, and may have stayed at the Wangdu Masters Association," Rebecca said with regret. "But we checked the information of the Wangdu Masters Association and did not find the wild. The name of the mage...he may be just an assistant to a great magician, or the name may have been completely erased by the association. You know, in the traditional mage circle, the separation from your own inheritance is a very serious matter, the name will be from all The files in the case were removed, and the Masters of St. Sunil died nearly a quarter in the Battle of the City. Perhaps the last person who knew his real name died on the wall."

Maggie didn't know what to say for a while, but Rebecca had already smiled again. She smiled brightly and faced the man in the statue: "But it doesn't matter, his creation is not forgotten, as long as we continue to work hard. , 'Magic Net' will be remembered by everyone."

Maggie stunned, but when she was deep in her eyes, she was already thinking. Rebecca had already taken a step and walked up the stairs not far away: "Follow up, I will introduce you to many people... ”

......

In the center of the city, in front of the "Leader's House", a group of sentinels guarded the avenue leading to the mansion, and several workers were busy beside the checkpoint in front of the road.

A short-skinned worker came to the top of the metal lamp post hanging the street sign with the help of the hoist. With the aid of the magic guide terminal, several rivets of the fixed sign were removed. After some shaking, he took off the written one. The metal sign of "The House of Cecil's Lord" was handed to the colleague's hand.

A new sign was taken and mounted on a steel skeleton on the side of the lamp post with a brand new word: Cecil Palace.

Next to the lamppost hanging the street sign, a magician looked up at the words on the sign and couldn't help but shook his head and said, "This is a simple and clear name..."

"When you name your name, you always like to be simple and clear. The car driven by the magical power is called the magic guide. The energy track that steel is paved is called the railway. The tower that can broadcast the signal is called the broadcast tower." The tutor laughed. "I am used to it anyway."

"Then explain what you mean by explaining the electricity in the 'magic capacitor'..."

"This is what you are wrong!!"

......

"The ancestors, the new road signs, the map changes have been completed," Heti told the Gao Wenhui in the study, "The news about the change of the title of Cecil Palace to the Cecil Palace will soon appear in the near future. Newspapers and radio shows."

"That's good," Gao Wen sighed and smiled and shook his head. "It's a bit embarrassing to say it. I almost forgot this detail before... I just remembered this after seeing the road sign of the 'Lord House'. The name of the mansion must be changed. Fortunately, the preparatory committee of the Office of Government Affairs also remembers this matter."

“Considering that all the details are the basic work of the Preparatory Committee, and your precious energy is to be placed on bigger things,” Hetty said very seriously, “but then again...” Cecil Palace’ This name is really quite unique."

Gao Wen glanced at Herti with a smile.

This "big ruling officer" has always been a calm and serious person, but in the absence of outsiders, he occasionally becomes a younger generation who is open-minded and boring with his ancestors, except for using various schemes to defraud holidays. Looking for an opportunity to vomit some new terms created by Gao Wen and the stalks that no one can understand is one of her few hobbies. Gao Wen is quite familiar, but sometimes it is quite helpless.

"I can't think of any other name - I can't put a layer of silver foil on the outside of our house and give it a name called 'New Silver Fort,'" he smiled and shook his head. "The name is just The code name allows people to understand what it means at once, even if it doesn't sound like a special feature. After a few years, everyone will be taken for granted."

"In fact, there is nothing wrong with Cecil Palace," Herti twitched slightly. "But Gordon mentioned a little at the meeting the day before yesterday - does this 'palace' need to be expanded, or simply rebuilt? Although it still Very good, but as a palace, its scale is somewhat disproportionate..."

Gao Wen shook his head: "No, you said, this house is still very good, there is no need for expansion. Its scale is very big to me, it is no less than a small castle, and it It’s still very new. If you just rebuild it for the sake of style, you are wasting precious financial resources and manpower – so many cities and roads in the Holy Spirit Plain have not been rebuilt.”

"You really would say that," Herti said helplessly. "But in terms of an empire, the palace of the royal family is not only a place to live, but also a function facility for the royal office to operate part of the government's functions. You must also consider the symbol of the country's strength and majesty."

This time, Gao Wen seriously thought about it. While thinking about it, he slowly said: "What you said is also justified. With the expansion of the Supreme Administrative Office, the restructuring of the management empire, some offices are to be transferred to this... ...but this is not something that will be implemented immediately. Even if it is implemented, it will not immediately exceed the capacity of the house. The expansion can be done in advance, but the implementation is still waiting, at least until we don't have to Worried about the problem of eating so many people in the plains of the Holy Spirit."

Herti bowed her head: "Yes, I understand, ancestor."

Gao Wen snorted and went on to say: “How is the progress of ‘new currency promotion’ led by Padrek?”

“The pilots in several places are relatively smooth, relying on the call of the Office of Administration, coupled with the prestige that you bring, the people can accept the proper use of 'banknotes' as a voucher for daily transactions, but most people have not completely abandoned the traditional Metal currency, but only banknotes as a convenient supplement, and according to the results of the survey visit, some small businessmen regard the 'banknotes' as a special 'deed of voucher'..."

Gao Wen raised his eyebrows: "Contract certificate?"

"Yes, like the voucher of the loan or the voucher for the exchange of gold and silver, they think that the banknote is the evidence of wealth issued by the 'bank'. Each banknote is a debit. This kind of debit can buy things because the borrowing can finally Used to exchange gold and silver from the bank..."

Listening to Hert's words, Gao Wen couldn't help but sigh slightly: "...in the end, we still face this stage."

“‘This stage’ refers to the substitute currency?” Hetty asked curiously. “Is there any problem?”

“Yes, it’s the alternative currency, Padrek’s plan. Every banknote corresponds to the verified gold and silver. The total amount of currency in circulation depends on the amount of precious metals in the bank’s reserves... Simple and clear rules of the currency, but also Simple and clear shortcomings, "In the face of curious Heti, Gao Wen seriously explained, "The biggest hidden danger is that the factory will double the total amount of social wealth, but the mining and production speed of gold and silver is limited. The currency that can be used for circulation will also be limited, and the size of investment and trade will be limited by the amount of money the bank can issue... and eventually create a contradiction.

"When the contradiction between the total amount of social wealth and the number of currency issuance has intensified to a certain extent, there may be two consequences, either the development is stagnant, the industry enters the cold winter, and the economy begins to shrink - because social development is 'not going forward'. Either the bank is forced to over-debt-denominated tokens, regardless of the form of the debt performance – whether it is a special currency or a bond, they will cause the value of the currency in circulation to exceed the value of the reserve precious metal.

"This situation will not stop once it starts. After it has deteriorated to a certain extent, as long as there is a little turmoil in the society and people want to exchange the substitute currency in their hands for gold and silver, our economy will face a disaster... because the whole The gold and silver reserves of the banking system have long been unable to catch up with the total value of wealth produced by the industry, not to catch up with the amount of banknotes in the hands of the people, unable to use the currency in modern times, and then the powerful empire collapses only overnight."

Gao Wen’s explanation is as easy to understand as possible, and Hetty is not a stupid person. In the case of contact with the New Deal for so long, she almost understood the principle of this whole link in the first time. : She realized that this is a near-insoluble trap.

As long as the population is increasing and people's living needs are rising, the society must continue to develop. As long as the factory is running, the speed of social development will definitely exceed the growth rate of precious metals such as gold and silver, and it can directly convert the fixed amount of gold and silver. Banknotes will certainly not keep pace with the increase in social wealth.

As long as this contradiction emerges and accumulates to a certain stage, development stagnation-regression and currency overshoot must be chosen one by one.

No matter which one you choose, it means disaster.

However, if monetary reform is not implemented at all... it will also face the trap of development stagnation. This is also a disaster in this world that is not safe.

"Padrick was frowning when he reported these things to me," Herti frowned and said slowly. "He said that he vaguely felt that there was a fatal problem in the flow of money, but He can't find it... Is he aware of this trap?"

"He actually noticed it?" Gao Wen opened his eyes in amazement, but soon returned to calm and natural, "also... these laws are summed up by people..."

"This 'trap' is terrible," Herti said with a lingering heart. "Is there no way to solve it?"

"There is also a form of currency...but it's hard to say which is worse," Gao Wen frowned, slowly shaking his head and saying, "But there is very little in the world that is perfect, especially for man-made things." In short, we are still in the process of collecting data and social verification, let Padrick complete the pilot acceptance of this period, and wait for Daniel to collect further information on Tifeng currency reform. After all the information is summarized, we will Discuss the follow-up."

After the confrontation of the long wind defense, Gao Wen now has no psychological burden to touch the river. It is said that the application has already entered the application stage of the banknotes, and the valuable social experimental data can not be missed.