Chapter 1089: Class

Su You smiled and said: "Brother Xiao, don't be nervous. What I just said is just a situation where the trade cycle cannot be completed. Now that we all know it, we can complete it according to the normal cycle of trade, isn't it? By the way, Xiao

Brother, can you catch hedgehogs?"

Xiao Xi was about to cry: "Mingrun, please stop teasing me. What are you talking about hedgehog at this time?"

While Su You looked at the big ship under the bridge - the sailors on the ship were lowering the mast in order to cross the bridge - the old god said to the ground: "My Bian Gu heard that there are hedgehogs on Zhongmou Zhuangzi. This is not a holiday."

Do you want to catch them? But there are more of them in the east, west, and north, but I, a native of Sichuan, don’t know how to do it..."

These are all ridiculous nicknames! Xiao Xi is going crazy: "Brother, please stop making trouble. Can you tell me what you can do first?"

Su You started to drive his horse off the bridge: "Well...then I won't lose a lot?"

Xiao Xi was stunned for a moment, then quickly followed up: "That's right! Then brother...brother, just ask for the price!"

Su You said: "How about, Brother Xiao, you tell me how to catch a hedgehog, and I will tell you how to complete your country's domestic trade cycle?"

Xiao Xi was completely stunned: "Just...that's it?"

"Ah? Otherwise? It's just a matter of a few words..."

Xiao Xi was doubtful: "There are a lot of that thing in the melon field. As long as there is gentle movement, it will not run away. After discovering it, I will catch up and give it a gentle kick, and the thing will shrink into a ball. Then I will release it with a thorn.

Just put it in the cage...ah, what am I talking about?! Is there anything to catch!!"

"So easy?!" Su You was extremely happy: "Then you can play with a flat can tomorrow night?!"

"I don't care about you!" Xiao Xi was on the verge of going berserk, but suddenly realized that his attitude was too bad, and he quickly handed over his hand in a flattering manner: "Brother, good brother, I'll beg you if I can..."

"Oh..." Su You then said, "Brother Xiao, this matter is actually no more difficult than catching a hedgehog."

Xiao Xi was in a mess under the bridge. Isn't it... more difficult than... catching a hedgehog?

"Brother Xiao, look, the reason why your country's trade cannot be completed is because of the sudden increase in goods, but the currency circulation does not rise but falls, resulting in a mismatch between the two, which creates an obstacle to the circulation of goods. Right?

"

"right."

"This phenomenon has a proper name, called insufficient money supply. Insufficient money supply can easily cause deflation."

"What...what do you mean?"

"To put it simply, in a large macro economy, money is not a symbol of wealth, but a tool, a tool of the same nature as cars and boats, a tool that facilitates people's exchange of materials and commodities.

.Understand?"

Xiao Xi's eyes were a little confused: "You know... you understand... right?"

Su You continued to explain: "Without this tool, people can only trade by barter. If the transaction partner does not have the goods I want, the transaction cannot be completed. Is it easy to understand?"

"Well, this is easy to understand. Exchanges between Daliao tribes are often like this."

"So currency was created, and it acted as a transaction channel. Brother Xiao can understand it as a commodity that everyone recognizes and wants. With it, all trading activities can be completed.

"

Xiao Xi felt that she was beginning to understand.

"Let's talk about the situation in your country. If the 250,000 guan is taken to the Liao Kingdom, it will eventually flow into the hands of the nobles, right? Now it has been replaced by Brother Xiao into goods, which will result in less money in the hands of the nobles.

.”

"Even if some of the goods are distributed as rewards, the remaining goods will be thrown away because they cannot be exchanged for what they want, right?"

Xiao Xi nodded sadly, that's the problem!

"But there are actually many people who need Brother Xiao's goods. The reason why they cannot trade with Brother Xiao is simply because their goods cannot be exchanged for money, and they have no money to trade with Brother Xiao."

"But it's not like no one needs the goods in their hands. The reason why they can't sell them is actually the same as Brother Xiao."

Xiao Xi nodded: "According to what Mingrun said, part of the annual coins should still be retained to be used as... a communication tool? Right?"

Su You couldn't help laughing: "Brother Xiao, Brother Xiao, you really are not a businessman!"

Xiao Xi held up his hand and said, "Mingrun, please stop laughing at me. Brother Yu is stupid and can't think of a better way."

Su You opened his wallet, took out his wallet, and took out a hundred-dollar banknote: "Brother Xiao, don't tell me you haven't used this before."

Xiao Xi waved his hand: "We can accept the copper coins from your country, but the treasure banknotes are paper. To put it bluntly, they are worthless. Mingrun can't even think of using them to replace the copper coins in the annual coins."

Su You asked: "But this thing is very easy to use in the Song Dynasty. Brother Xiao, you can't deny this, right?"

Xiao Xi said nothing.

Su You smiled and collected the treasure notes: "I'm not asking you to collect the Song Dynasty treasure notes as new year coins. What I mean is... isn't there 250,000 strings of silk in the year coins?

You can use this 250,000 guan of silk as collateral to issue 250,000 guan of Daliao treasure banknotes yourself. Wouldn't this solve the currency shortage problem in the circulation process?"

"Brother Xiao, Yanyin, do you know? Before Baobao became popular, our Yanyin actually assumed the function of credit currency in bulk trade."

"Because it has collateral, a salt lead can definitely be exchanged for the salt listed above, so the user can rest assured..."

Next along the way, Su You gave Xiao Xi a financial lesson. Su You told Xiao Xi the important function of currency in commodity circulation, and then told him that the actual value and circulation value of currency can actually be achieved through a contract, which is in the form of a deposit.

used separately.

What supports the monetary system is not the value of the currency itself, but the credit of the issuer behind it.

After a financial class, Xiao Xi was already a little confused. Su You really didn't fool him. He also analyzed many pros and cons with him, and even told him the importance of currency anti-counterfeiting.

Xiao Xi had already started to feel happy, but Su You poured another ladle of cold water on him and made him freeze there again.

That's right, how can I print precious banknotes? I still can't use the Song Dynasty's method?!

Su You rolled his eyes: "Brother Xiao, why are you so stupid? The imported money and the Yuanfeng treasure were not issued by your Liao Kingdom?"

Xiao Xi came to his senses and said, "Song Dynasty, can you help me print treasure banknotes for the Liao Kingdom?"

Su You nodded: "Of course!"

Xiao Xi quickly waved his hand: "No, no, the banknotes were printed by you in the Song Dynasty. When the time comes, you will print hundreds of thousands more coins and smuggle them to our Liao country for use. Isn't that the wealth of our Liao country? All of them will be plundered by you?"

Su You chuckled: "Oh, Brother Xiao, you really shouldn't be thinking unexpectedly, and you shouldn't be thinking nonsense. After you take the treasure banknotes printed for you by the Song Dynasty, you won't add the Liao Kingdom's own money on them."

Anti-counterfeiting measures?”

"Does it mean that if I privately engrave a seal from your Northern Privy Councilor of the Liao Kingdom, I can replace Brother Xiao in the Liao Kingdom? Isn't this the most ridiculous thing in the world?"

Xiao Xi finally understood this time, and smiled and handed over to Su You: "Brother Yu, you are using your villain's heart to judge a gentleman's heart. I am ashamed and ashamed. We, the Liao Kingdom, have established anti-counterfeiting measures for sealing letters. This is an anti-counterfeiting measure."

There are some too.”

After speaking, I humbly asked for advice: "In this case, these 250,000 pieces of silk are still placed in His Majesty's warehouse, but this business can be considered to be up and running with the 250,000 guan of treasure notes issued as the medium?

"

Su You nodded: "That's right! Brother Xiao, you finally understand!"

"For Mr. Xiao, Brother Xiao not only successfully completed the major agreement of exchanging annual coins for commodities, but also solved the money shortage in the Liao Kingdom. It is definitely a great achievement."

"It's private..."

Xiao Xi's heart was beating wildly: "Is it still selfish?"

Su You raised his riding whip and pointed: "Hehehe, Brother Xiao, look at the row next to the Daxiangguo Temple. They are all banks!"

"Lend money to earn interest, trade in new and old ones, use pledges as collateral, use other people's money to earn interest on yourself, and treat treasure banknotes as goods, that's how generous you are!"

Xiao Xi's eyes suddenly lit up: "I will benefit a lot from listening to you. Mingrun is really a good friend, and he deserves to be the best in the world!"

Su You looked like a dog-headed military advisor. If Su Lie were here, he would definitely feel very familiar.

This was the case for Su Mingrun back then. During the confrontation exercise with Ami, he had his head shaved off. Hmph!

"Brother Xiao, what I just said only solved the domestic problems of the Liao Kingdom. As for the trade between you and me, if your country cannot produce goods that satisfy our country, this market will not last long...

"

Of course Xiao Xi knew it well. How did the money shortage in the Liao Kingdom come about? Didn't a large number of Sui coins flow back to the Song Dynasty through the Zhangzidao trade?

He himself is the biggest handler.

But now Su You has helped him plug the big hole where goods can be exchanged for New Year coins, and Xiao Xi feels as light as a swallow again.

As for the remaining two countries to discuss each other's business, that is a national matter. Whether it succeeds or fails does not affect their own status, so they are not so concerned about it: "Hahaha, this matter is mainly about Chen, the Councilor and Political Affairs Minister of the South Academy.

The Yi Lao'er's tricks, he just said one word and made me break my legs, huh!"
Chapter completed!