Chapter 281:

Chapter 281:

It was expected, but most of the people in the committee did not understand the current situation itself.

It was inevitable.

It would be strange if the people in the committee, most of whom were over 50, had any knowledge of the rapidly developing finance.

Sharons daffodil price is too expensive? Then why dont you just lower the price?

No, but is the price being so expensive the problem? If its expensive, you dont have to buy it

Why dont you just ban the sale of that flower with your consuls authority?

Marcuss face was gradually stained with gloom by the opinions that had nothing to do with understanding the market.

Fabius, who witnessed his expression getting worse and worse, coughed hastily and restrained the committee members.

Its not that easy, thats why Marcus called us. Think more deeply and speak.

Yes? Of course, thats true, but

Marcus was called Shahanshah, but he couldnt handle everything as he pleased when he decided on a big matter.

Of course, everything was done as Marcus wanted in reality. But on the surface, it was important to follow the procedure.

Even if the committee was nothing but an automatic water dispenser that followed Marcuss words, it was necessary to listen to their opinions.

But now Marcus felt a genuine impulse to get rid of that process.

By the way, Ive been wondering since before, what is this futures trading?

As one of the committee members asked as a representative, several people shook their heads vertically at the same time.

It means a contract to buy and sell goods by specifying the future point and price.

Why do you have to make a contract by predicting the future point when you can just buy it now?DiisCoover updated novels on n(o)v./e/lbin(.)com

Because they will have different opinions on how the price of that product will change over time.

The committee members who had some concept of economics nodded as if they understood.

Rome currently had not only bills of exchange and promissory notes, but also derivative financial products.

It was like a furnace of finance that had a huge amount of money coming in from all sides and increased liquidity.

The early joint-stock companies called Publicani had already begun to transform into full-fledged joint-stock companies.

A representative example was the North India Company that Tadius was building in Satavahana.

The requirements for existing major shareholders and small shareholders were more concretized, and new laws and certificates proving ownership of capital were created.

Marcus felt frustrated at first by the sight of the committee members who could not follow this trend at all, but now he felt a sense of crisis as well.

It becomes harder to suppress social problems that erupt as people in high positions in society become more disconnected from reality.

Rome would not be much different from Eastern Vassal either.

Maybe the administrative bureaucrats he was going to appoint now would be a little better, but he couldnt trust them completely either.

I might need to educate them regularly.

He thought it might be a blessing that the financial problem had exploded even now.

If an unavoidable problem erupts, it is natural to solve it first.

And then, it is also essential to come up with measures to prevent recurrence.

Considering the grotesque sense of reality of the old committee members, he needed to keep in mind even taking extraordinary measures.

What you need to know now is that Sharons daffodil bubble is not just a fuss over one flower.

If someone intervened in the overheated market and made the price of the flower collapse, there would be many people who would go bankrupt.

And there would also be resentment from countless commoners who tried to turn their lives around with this opportunity.

Marcus had experienced a similar incident in modern times, so he could anticipate peoples reactions.

He knew very well what it felt like to lose money after buying coins late when he was Lee Jaehoon.

The problem was that Sharons daffodil was a symbol closely linked with Marcus.

He didnt intend to make it that way, but anyway, thats how the masses perceived it.

If there were people who ruined their lives because of that flower here, it would inevitably hurt Marcuss image.

It was an irrational flow, but once it crossed a threshold, peoples thinking became irrational.

Usually, people who fail miserably tend to look for causes elsewhere rather than themselves.

There might not be anyone who openly resented Marcus, but it was better to avoid anything that could harm his image even a little bit.

Unfortunately, no one could end this situation without any damage.

No matter what method was used, the price of Sharons daffodil would collapse and there would be bankrupt people.

So they needed a target to turn around the anger of the angry crowd.

If you do your business in the bathroom, you should clean up after yourself. Its a bit pitiful, but they brought it on themselves.

Marcus wrote a letter to Caesar as detailed as possible and showed it to the people of the committee.

Since there was no one to oppose him anyway, Marcuss proposal was unanimously adopted and sent to Rome through reverse participation.

This incident would surely be remembered as a historical bubble, but it was also an opportunity for Marcus to think more diversely.

And more importantly, it implied that banks and stock exchanges were beginning to flourish throughout the Italian peninsula.

Considering the enormous territory and economic scale that Rome occupies now, this might be just the beginning of a bubble economy phenomenon.

Maybe not only the tulip mania, but also events like the Mississippi bubble or the South Sea bubble would happen one after another.

I have to fix it on a large scale. I just got a good excuse this time.

Marcus, who was looking at the half-conscious elders, sighed softly and organized the materials again.

While the solution was being prepared and sent from the east, the atmosphere of Rome, the capital, was getting hotter by the day.

People were obsessed with growing flowers, and some even went into huge debts and raised their enthusiasm for Sharons daffodil cultivation.

Caesar, who usually handled any matter in one stroke, could not rashly intervene in this unprecedented situation.

He tried to come up with various alternatives, but none of them satisfied him considering the aftermath.

But the genius who remained in history was a genius after all.

He was able to find a decent solution before Marcuss letter arrived.

However, he needed Marcuss cooperation to use this method.

And, a few days later, when he saw Marcuss letter that arrived by express mail, Caesar burst out laughing without holding back his laughter that had been leaking out for a long time.

You were thinking the same thing as me. Its a bit more radical, but I like it.

There was no need to hesitate as long as the opinions of Romes supreme authority matched.

Caesar rose from his seat with excitement and summoned the lictor to head to the Senate.

The End