Daqin started with offering immortal medicine

Let me go, this guy's ability...wouldn't be so heaven-defying, would he?

You must know that in today's era, because gold, silver, copper, and even grain are used as the normal society for exchanging "currency", the phenomenon of inflation almost does not exist, or no one has proposed such a theory.

And this guy in front of him actually said something like the balance between banknotes and commodities...

Thinking of this, Li Yang quickly asked, "What is the meaning of the balance between banknotes and commodities that Dr. Dong mentioned just now?"

Dong Yi said: "The meaning of the lower officials is that once paper money is printed out without restraint, it will inevitably lead to more money and less goods in the society, that is, the result of money being light on goods, and then the money will really be redistributed. When it is reduced to paper, the common people will not recognize it as money.”

Oh my day!

Li Yang was stunned!

It is unbelievable that in history he was named one of the three kings of Qin because he surrendered to Xiang Yu, and Dong Yi, who records history, is... actually a financial talent.

At this moment, Li Yang had to look at the person in front of him with admiration.

Of course, because of inflation, or the concept that money is more important than goods (expensive), for Li Yang, it is indeed a bit ahead of the times in this era, so Li Yang is even a little suspicious. Time traveler?

Just like in time-travel novels, aren't there many soul-wearing protagonists?

If that's the case, then there's something to talk about.

However, Li Yang quickly denied this bold idea.

Because if Dong Yi was really a time traveler, then Dong Yi would have jumped out to support the series of reforms implemented by the New Deal.In other words, he will definitely jump out and say: hi, when did you time travel, and I also time travel.

But the reality is that Dong Yi has been unknown before, working as a counselor, and has not had any reaction to Li Yang's series of reform methods, so this shows that he cannot be a time traveler.

In fact, if Dong Yi was a time traveler, it is estimated that Qin would not be able to allow Li Yang to reform. The leader of this reform must belong to the first comer Dong Yi.

It is precisely because of this that Li Yang was very curious about Dong Yi's understanding of the theory of inflation, so he couldn't help asking: "How do you know that printing too much money will cause money to be light on things?"

Chapter 359 The Great Qin Central Bank

"How do you know that printing too much money will lead to money devaluing things?"

Li Yang asked a question that was extremely curious in his heart.

Dong Yi, on the other hand, had a surprised expression, as if the question Li Yang asked was a very idiotic question, and said: "This...Since ancient times, when there are too many currencies, it will cause a situation where money is less important than goods. Thousands of years ago During the Yin and Shang Dynasties, shellfish were used as currency to exchange items, so they were used in large quantities until the Western Zhou Dynasty. But later, someone found a huge amount of seashells on the seashore, so that the number of shellfish increased sharply, thus creating money. Light objects are heavy, so currency cannot be issued in excess, and a balance should be maintained with objects."

Li Yang suddenly realized, and at the same time felt even more that this is a talent.

This person was able to sum up the principle of currency deflation and inflation from the excessive issuance of shellfish in the Shang Dynasty, which caused inflation. This is not a talent, what is it?

You know, this is Qin Dynasty.

At this time, there was basically no theory of inflation.

Immediately, Li Yang asked again: "Then how can we maintain the balance between currency and prices?"

Dong Yi thought about it for a while, then said: "This is simple, if the money is light, it will be sealed, and if the property is light, it will be released."

"it is good!"

When Li Yang heard this, he yelled good, and praised: "Dr. Dong is actually a good talent in economics and finance. When discussing the position of a doctor, he is an overtale with an ear."

When everyone heard this, they couldn't understand why Li Yang was so optimistic about Dong Yi.

Even Dong Yi didn't expect that Li Yang would think so highly of him that he would consider him overqualified for the position of a doctor.

Of course, only Li Yang knows how rare Dong Yizhi's talent is in this era.

Money is sealed when it is light, and things are released if it is light...

Doesn’t this mean that if you print too much money, you have to seal up the money you print so as to reduce the currency in circulation in society?

Once there is less currency in circulation, the money will naturally become heavier.

And the lightness of things means that there is less currency in circulation in the society. At this time, more currency will be issued. If there is more currency in circulation, a balance between currency and goods can be achieved again.

To put it bluntly, this is the basis of numismatics for later generations!

At that moment, Li Yang said to Fusu: "Young Master, for the long-term plan of the Great Qin, it is very important to issue banknotes."

Fusu saw that Li Yang had mentioned this point, and also listened to Dong Yi's analysis and explanation, and also felt that issuing banknotes was not as absurd as imagined, so he pondered for a while, nodded and said: "OK , as long as the Taifu thinks it is feasible to issue banknotes, then it is feasible."

"The eldest son is wise!"

Li Yang was overjoyed, and was also very moved in his heart, because it was obvious that Fusu didn't think the paper money was very useful, and the reason why he agreed was only because of his trust in Li Yang.

At this time, Li Yang said again: "paper currency is credit currency, and the basis of credit currency is the credit of the country. If paper currency is overissued, the money will be light, and the country's credit will be lost to the people after all, so we set up an institution to It is necessary to specialize in coordinating the issue of currency.”

Fusu nodded: "What name does the Taifu think is more suitable for this institution? What is the grade?"

Li Yangdao: "I think that the name of this institution can be called Daqin Central Bank! The grade corresponds to six departments, and the position of the governor of the central bank is assigned to the rank of Shangshu."

"Central Bank?"

Fusu nodded: "Okay, Daqin Central Bank."

Li Yang said again: "Dr. Dong has outstanding insights into the study of currency, and he can be the first president of the Central Bank of Daqin."

When Dong Yi heard this, his heart trembled, and he looked at Li Yang in surprise and joy.

Although he expressed some great opinions and wanted to take this opportunity to show what he had learned, he never expected that Li Yang would directly appoint him as the central bank so soon, and take full control of the Daqin currency issuance...

More importantly, the position of the governor of the Central Bank of Great Qin Dynasty is the position of Shangshu, whose power is so high that it is directly on the same level as the six Shangshu. This...

Dong Yi was immediately overwhelmed with emotion.

And Fusu had seen Dong Yi's talent, so naturally he couldn't veto it, and immediately said: "What the Taifu said is very true, Dr. Dong is indeed a good talent in this area, so Dong Yi has worked hard on the issue of currency issuance." Doctor."

Dong Yi and Fusu also agreed, so they immediately bowed deeply to Fusu and Li Yang, not knowing whether it was because they were crying with joy, or because they were too moved, they couldn't help but choked up and said: "My... , the minister will bow down and die!"

Fu Su smiled: "You don't need to die if you are lonely, just don't let Gu down."

Dong Yi hastily said solemnly: "I will do my best to ensure the stability of Daqin's currency."

Fusu nodded, very happy.

…………

The issuance of credit currency is subversive to the Qin Empire and even world civilization, and it is destined to make a strong mark in the long river of history.

On the same day, the Daqin Gazette published this important national event in the newspaper and distributed it nationwide.

Suddenly, the whole country was in an uproar!