Chapter 550: On the "Young Seedlings Law"

Su You said: "I support Duke Jiefu's idea, but I don't support his method."

"There is actually nothing wrong with the "Equal Loss Method", but it does have flaws and can be improved. Forget it, I originally wanted to give my heart to the bright moon, but the bright moon..."

When I said this, I suddenly remembered that this was a sentence from Yuan Ren: "If you don't say it anymore, who will have a drink with me?"

Su Che had a drink with him: "Regarding the "Green Miao Law", do you have any suggestions for me?"

Su You shook his head and directly determined: "Evil method."

Everyone was very surprised, this was not in line with Su You's moderate character.

The reason why I say this is because the knowledge Su You learned from many sources in his later generations all praised the Green Miao Dharma.

Later, when Su You was in his second year of secondary school, he found it strange that if the Qingmiao method was really so good, why did it attract so much criticism and ultimately suffer a disastrous defeat?

In a nutshell, many books stated that the Green Crops Law violated the interests of big landowners and big businessmen, cracked down on and restricted the illegal profits of the feudal landlord class and big businessmen, and finally led to counterattacks. This was the reason for its failure.

Then, there is no mention of how the Young Crops Law violated interests, how the big landowners and big businessmen made illegal profits at that time, and to what extent the illegal profits were made.

Su You read a lot of textbooks and lectures by experts and professors, and roughly knew that the Green Crop Law reduced the interest rate borne by farmers from nearly double that of private loans to 20%, which of course greatly reduced the burden on farmers.

.

This made Su You very angry at that time. The opponents were all idiots and they should all dig their graves and whip their corpses.

It wasn't until I traveled back in time and studied this issue personally that I couldn't help but shake my head and smile bitterly. It turns out that history is really a little girl who can be decorated by others.

Nominally written by Wang Anshi, but actually written by Lu Huiqing, Qingmiao Law is by no means as good as described.

Su You said: "Brother Zhang, Ziyou, I would like to ask you to help me ask Mr. Jiefu, what is wrong with my suggestion on the "Uniform Loss Method"? Why are you not adopting it?"

"There is a lot of discussion between the DPRK and the Central Government on whether the "Young Crops Law" will be introduced. Mr. Jiefu defended it one by one, causing an uproar."

"I think that all the princes in the court have not grasped the essence of the problem. But I do not want to have a public dispute with Duke Jiefu in the court. I hope to communicate and exchange opinions in private first. Please help me ask if there is this

Chance?"

"I know that An Shigong was based on his early experience as an official in Yin County and combined with the practices of some people in Shaanxi. He loaned grain to the people in the spring and calculated the interest to repay it in the autumn. He believed that this was a good method and could achieve the so-called 'old times'.

The poor give their interest to the wealthy people, but today's poor people give their interest to the officials. The officials despise their interest and the people help them."

"Without going into details about anything else, let me first ask about the first point. The law of participating in politics is to be carried out twice a year. One is before the 30th of the first lunar month, which is called "Xia Liao", and the other is before the 30th of May, which is called "Xia Liao".

It is called 'autumn material', and the borrower pays the loan along with the second tax, that is, before May or October."

"One loan, the interest is two cents, but don't forget that there are two handling fees for entry and exit. The total interest rate is 30%. Remember this is a semi-annual interest rate. If converted into an annual interest rate, it is actually 60%."

"Nowadays, private lending means that farmers, plows, oxen, and crops are all rented to others."

"Men and women work hard, and their strength is limited to a hundred acres. If they are happy, they will harvest five percent."

"In other words, if you farm in a good year, the return will be 50% of the input."

"After that, two of the fields are taken, one of the cattle is taken, one of the crops is taken, and only one of the food is taken."

"Five years of farming will inevitably lead to a bad year. In a good year, you will not have enough food and clothing, but in a bad year, you will inevitably be hungry and cold."

"That is to say, for small people to borrow money, the interest is 80% of the income from farming, and the income is 50% of the investment, so converted into an actual interest rate, it should be 40% of the total investment. But it must be

When you plow the fields, you get oxen for the plow, and you get the tools for the crops.”

"Using the method of participating in politics, in theory, ordinary people can only deduct 10% of the interest, but what about the follow-up such as plowing cattle and plowing equipment? Or do they have to resell the borrowed money and rent it from the hands of wealthy households?"

"In a bad year, the people can postpone the payment of rent arrears, but once the matter is handed over to subordinates, will they agree?"

"How many ordinary people will offend the wealthy households who provide them with plows and oxen because of the 10% interest?"

"There are also rich households who have collected money in advance and transferred the risks of farming to the government, but ordinary people have no such opportunity. So what will happen next? It is called suppressing mergers, but it is actually helping mergers!"

"Therefore, the Green Crops Law, which states that officials are depriving them of interest while the people are saving them, has no real content. This law does not do any good to the people. It is just under the banner of saving the people, it cracks down on private lending and allows the rich to

There is no risk for households, and the state will directly take over the business, just taking advantage of the small people."

"There are many other problems, and the country is very risky in doing so. If Mr. Jie Fugu can face this issue and is willing to discuss it with me, Su Mingrun is always waiting."

Later generations of experts fumbled around and changed the concept, leaving everyone in the impression that the interest on private agricultural loans in the Song Dynasty was changed from 80% of the income to 80% of the principal; and then blurred the years.

The concept of interest rate and the concept of handling fee make everyone think that the interest rate of Qingmiao Law is really only 20%.

Also, borrowing was a common phenomenon in the Northern Song Dynasty, but does it mean that illegal high-interest loans that double the interest are also a common phenomenon?

In fact, the literature and information are there. The reason why I have been deceived for so many years is that I blamed the lack of information in the past. After that, I can only blame myself for not taking the initiative to study and research. I deserve it.

When the commodity economy developed into the Song Dynasty, private lending was actually very common.

It is mentioned in the notes of the Song dynasty that "if a big businessman's room scatters money to get the interest of 10%, and cashiers in department stores to collect 10% of the interest, then their residence must be in the urban area."

That means currency exchange, short-term loans, one penny of interest, and doubled profits from doing business.

There are also many regulations regarding agricultural loans. The Taizong Dynasty stipulated: "The money provided to enrich the people must not be doubled, and those who violate it will have their money confiscated."

"If you take a grain loan interest from a wealthy family, you are not allowed to lose twice as much, and you are not allowed to pay off your personal debt before paying taxes. Violators will be punished."

"The people are burdened with interest money, and they have no way of forcing them to take land and cattle to pay for it."

It has developed to the point where "all the prefectures and counties have restricted households, lending rice and rice, and only returning it in its original form. The interest cannot be more than 5 cents, and interest cannot be calculated on rice money."

The maximum is 50%, and the excess will not be protected by law.

Of course, the last one was only explicitly stipulated in the Southern Song Dynasty.

Since the collapse of the Tang Jingtian system, "county officials lost their power to support the people and transferred it to the rich." This led to the prosperity of private lending.

As the saying goes, "today's farmers are not farmers of the emperor, but farmers of the rich. Those with huge families are the hope of the township and the people on the whole depend on them."

Rich people who have mastered huge wealth are not only interested in annexing land, but also love to engage in lending activities, becoming the main lending group.

Yuan Cai, a native of the Song Dynasty, had a rough judgment on the profit from lending: "If it is calculated as a hundred thousand gold and silver and used to buy property, the annual income will be ten thousand. If it is used to mortgage operations, the interest will double in three years."

Here, the annual rate of return on land investment is set at 10%, while the rate of return on mortgage operations is set at 33%. It can be seen that the income from using funds for lending is much higher than investing in land.

Everything has two sides. By the Song Dynasty, it had developed to the point where "without temples in the countryside, people would not be able to plow their crops; without temples in the city, the number of murders would increase."

Nowadays, it has even evolved from "officials not taking action" to "officials taking action", and the government also helps the rich manage loan recovery.

The result is collusion between government and business.

Should it be governed? Of course it should be governed.

In the case of land annexation, rent arrears are not the most important, because there is a law that stipulates that rural land cannot be used for farming cattle as compensation for rural arrears.

Although the implementation is definitely not in place, that is a supervision issue, not a legislative issue.

The peasants owe the imperial court the annual taxes they owe, and that is definitely a big accomplice.

However, Wang Anshi's "Green Crops Law" did not reduce the burden on farmers much, so it did not solve the fundamental problem. Although it could replenish the national treasury, it had a huge negative effect and would instead lead to intensified mergers and farmers'

The burden is heavier, production efficiency is reduced, social conflicts are intensified, opposition voices are too loud and many other problems.

If it's worth it, that's fine, but the question is, is it really worth it?

In the eyes of Su You, a person with a later financial concept, it was not worth it.

Everyone in future generations will know that a major role of the financial industry is to absorb idle funds, turn savings and income into capital, and form loans to be invested in social production.

The rich are the richest group in the world. Their combined money is countless times more than the national treasury of Nekuga. Instead of finding ways to use this money, they will block their investment channels and destroy the country.

Changpingcang and Guanghuicang, which are used for grain storage and grain price control, use capital to invest. Is there any worse way to manage money than this?

Anyone who comes from the financial industry knows that loans are risky! Loan risk control is the basis for the survival of every bank!

Almost all banks are money-attracting behemoths, but it can be said that the failure of almost every bank is related to risk control!

The biggest risk comes from non-performing loans!
Chapter completed!