Chapter 725： Real gold and silver

Always called by the "ancestor ancestor", his mentality seems to be brought to some subtle elder mode.

But think about it from another angle... Let the calm and elegant Heti show this dull expression, it seems that there is no fun.

Looking at Herti’s stunned expression, Gao Wen felt inexplicably better. The pressure caused by the large number of documents was dissipated in an instant, and then he waved his hand before the big granddaughter’s expression continued to collapse: "Nothing, I just said what these documents are?"

Although Heti didn't know what happened, he felt that he was hiding. He secretly sighed and put the documents on his desk: "It is about the construction of Imperial College and the construction of a new school in the Holy Spirit Plain." The report, in addition to the relevant documents of the railway project in the western region, has been processed according to the process, but the key parts still need to be personally observed."

Gao Wen thought about it and suddenly thought about asking Hertty’s lifelong event...

Two seconds later, he converges on these somewhat sloppy thoughts, reaches out to those thick documents and asks casually: "Is the Master and the scholars who moved from St. Sunier last week settled? What do you think of them?" kind?"

"Everything has been settled properly," Hetty nodded. "As for my evaluation... From the perspective of personal knowledge and ability, those who can loyal to the royal family or enter the Wangdu Scholars Association are the best masters. Their ability is mediocre. Doubtful, but to integrate into Cecil's new order, each of them has a long way to go, and many people will face elimination."

"...the inevitable process," Gao Wen said as he flipped through the paper in his hand. "But it is still necessary to transform and strive as much as possible. If it can be transformed, it must be transformed as much as possible. We still lack intellectuals. But we must Note that the admission criteria for all education departments cannot be relaxed. The standards for the two examinations cannot be changed. Those old intellectuals who have passed the initial transformation but have not passed the two trials can let them do research and go to the factory. I am a technician, but I can’t enter school. I can’t forget this.”

Herty bowed her head: "Yes."

The empire has been established, and the land ruled by Cecil has changed from a ruined barren land to a vast country. Unprecedented resources and manpower have flowed through the desks of Heti and the various departments of the Office, but at the beginning After the excitement and excitement, Hetty realized that the seemingly abundant resources are still in the form of various shortages. The ancestors wanted to build a brand new country, instead of taking up a decaying kingdom and being an embarrassing monarch. Those inheritances from the home country Ansu are in need of transformation and selection to be able to come back to use.

A large number of intellectuals from the northern region will solve the key talent shortage in the development of magic technology, but before that, these intellectuals must accept the transformation of ideas in addition to the establishment of a new knowledge system. The two examinations of the two trials are Gao Wen’s hard standards for recruiting talents in the education sector: major stains and bad traces, personal information review, academic ability assessment, and ideological transformation assessment. Only after passing all these tests are they allowed to enter the new styles established by the empire. College.

The strict examination and approval system is also one of the factors leading to the serious shortage of teachers in the new school. However, the standards of the ancestors in this area do not allow relaxation. Fortunately, the students who graduated from the former Cecil General College and some of them first followed the construction of the South. The fallen intellectuals have grown up in recent years, and the back-feeding talents are gradually alleviating the gaps in schools around the country. Although the gap is still large, it is no longer desperate.

Heti understands why the ancestors valued it in this respect.

Because when the early system was still flawed and the implementation was not in place, she saw with her own eyes how a teacher with a side aristocratic origin taught the children to swear and kiss the ceremony. The little aristocrat from birth has no inheritance rights, no title and fiefdom, and the only connection with the "aristocratic society" is his thin blood, but for this thin connection, for his "right and only law" and the family's " Glory, he can risk the jail, let the children remember the rules of the squat.

From that day, she knew that some decaying things would never be completely eliminated by a crushing stone shelling and a signing ceremony. They would not purify themselves. Those unclean debris would lurk in various places. In the corners of the sample, as long as there is a chance of one in ten thousand, they will rush out like the mud in the gap.

Perhaps even if a strict access system is implemented, it is almost certain that the mud will still infiltrate into the part. After all, the control of the new government office system in the remote areas of the empire is still seriously inadequate, and can only rely on the other two big executives. And their vassal system for temporary control, but there is no perfect thing in the world, just as the ancestors once said, this will be a long-term career, perhaps not just one or two generations...

Herti fell into thoughts for a moment, Gao Wen had hurriedly swept the end of the file, and then placed it on the right hand side: "I am over-the-top, no problem, I will take a closer look tomorrow morning, and I will reply to you later. Is Kim now in the Office of Government?"

Hetty woke up from his thoughts and nodded. "Yes, he just returned from Carol yesterday and returned to the Office of Government Affairs this morning."

"Let him come to see me. I want to hear about the money pilot."

"Yes, ancestor."

......

In front of Gao Wen, there are several temporary currency (substitute currency) with different denominations, as well as several coins minted by the Cecil Royal Mint.

The coins are based on standard copper, silver and gold coins, while the paper currency is a "banknote" with a denomination of one and a fee of one and a penny. It is a word in the lingua franca, meaning "slim silver foil", and the so-called golden pound is also different from the currency of the same name that appeared on the earth. Here, it is equivalent to a minimum size that Ansu once flowed through. The thin gold coin is almost equivalent to the upper limit of the currency that civilians can reach in the past.

The banknotes are beautifully printed, with a very textured pattern, and the pattern is full of wonderful streamer in the sun.

From the denomination of these notes and the meaning of the names, it can be seen that this is only a rough attempt to reform the precious metal currency to the banknotes.

“After about half a year of trials, the pilot area has successfully replaced more than 70% of the precious metal circulation with temporary currency, maintaining normal business operations and normal settlement of local finances,” Padrik rubbed in the past two years. The open forehead, meticulously reported, "People did not understand and distrust the banknotes from the beginning, and later found that it can indeed be used to purchase goods, and now it has gradually become accustomed to its existence. From the simple implementation of banknotes, formation From a customary perspective, the pilot was successful.

"But the flaws in the pilot are also very obvious. As you can see, we have still not got rid of the essence of gold and silver settlement. The currency in the pilot area is essentially in circulation of gold and silver, and it is also due to this, 'golden banknotes The simultaneous presence of 'and 'banknotes' is equivalent to the exchange of denominations between banknotes, which will still be affected by the price of precious metals, and there will be a phenomenon in which bad money drives out good money. However, we have recently successfully cut silver banknotes from silver. It can only exchange gold coins, but not directly convert it to silver, which is equivalent to turning it into a 'subordinate unit' of gold banknotes. It solves the problem caused by the duplicate standard system..."

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."