Ming Dynasty: I risked my life to teach the prince, the emperor begged me not to die

Chapter 512: Selling the House at a Cheap Price
The promotion of the new currency must be completed this year.

Chen Ce couldn't rest, so he found Qin Hong as soon as he returned to the capital.

He explained to Qin Hong several details that needed attention, one of which was the policy for recycling old currency. Currency cannot be issued indefinitely without being recycled.

This will lead to unlimited currency depreciation.

The second is the issue of the total amount of currency issued each year. This is a more important issue and is what the Ministry of Revenue has been discussing with Emperor Hongzhi in recent days.

If too little money is issued, it will not be able to meet market demand. If too much money is issued, it will lead to inflation.

Qin Hong listened carefully and asked Chen Ce: "Then what is the appropriate range for issuing new currency each year?"

Chen Ce said: "I'll give you a calculation formula."

"You calculate it according to the formula of national commodity quantity * average price / currency circulation times. You need to calculate it every year to determine an approximate range of currency issuance."

As for why the calculation should be done according to this formula, Chen Ce explained it carefully to Shangshu Qin. It seems that he was also confused, but it doesn't matter. He can digest and absorb it slowly. However, Chen Ce has already handed the formula to the other party. In the future, the amount of currency issued by the country will be calculated according to this formula. In this way, the total amount of currency issued will just meet the demand, and there will be no problems of inflation and deflation.

Chen Ce only anchored a general framework for the Ming Dynasty. As for what problems would be encountered in the actual issuance, he could not predict it and could only wait until the currency was issued and then solve them in practice.

Qin Hong found that he was increasingly unable to keep up with Chen Ce's thinking. He used to be able to understand a lot of what Chen Ce said, but now even in the field of economics, which he was best at, he was beginning to be unable to keep up with Chen Ce's pace.

He really didn't know how much knowledge Chen Ce had in his head.

By the end of last year, money houses had basically been established in all parts of the country. Now, after a month of development, the money house system has become stable.

"How is the new currency made?" Chen Ce asked Qin Hong.

At the end of last year, he submitted the template of the new banknote to Emperor Hongzhi, and now the template has been handed over to the Ministry of Revenue for manufacturing.

Qin Hong nodded and said, "It has already started to be printed in large quantities, and the quality is excellent."

"But it's hard to say whether ordinary people will accept the new banknotes. If the banknotes are issued but the public does not accept them, what should we do?"

Chen Ce smiled and said, "Don't worry about this. Gradually reduce the issuance of copper coins, reduce the circulation and exchange of gold and silver, and slowly regulate the market. After a period of development, the currency market will be stable."

"Moreover, after these years of development, the court's credibility has become higher and higher. The people should accept the new currency, and there are banks for them to store it. All banks are endorsed by the state, which is a reflection of credibility. There won't be any major problems."

Qin Hong was surprised and asked, "So Chunjian, when you insisted on building a bank, you were actually preparing for the issuance of new currency?"

Chen Ce hummed and said, "Yes."

No wonder he and Emperor Hongzhi were determined to build money houses all over the country despite all difficulties. It turned out that everything was done in preparation for issuing currency.

Qin Hong was silent for a moment, and then said to Chen Ce: "The new currency should be issued in banks across the country in early April this year."

"it is good!"

Chen Ce stayed in the Ministry of Revenue for another half a day, discussing economic issues such as the issuance of new currency, the recycling of old banknotes, and the issuance of new currency with Qin Hong before leaving the Ministry of Revenue.

As soon as he walked out of the Forbidden City, he met the two brothers of the Zhang family.

The two brothers stopped Chen Ce and asked with a smile: "Chen Ce, you just came back and entered the palace, what's the matter?"

"Yes, you are not going to make arrangements for your funeral, are you? How are you going to deal with your post station? Do you need our help?"

Chen Ce: “…” He really admired these two brothers. They had always coveted his property and were working tirelessly and tirelessly. They were really persistent!
Chen Ce shook his head and said, "That's not necessary."

Zhang Yanling asked, "Then why did you enter the palace? You wouldn't enter the palace for no reason, right?"

Chen Ce thought for a moment, then said: "I made great contributions in Qingzhou last time, did you know?"

Of course the Zhang brothers knew about it. The censor was about to impeach you to death at that time. They had been paying attention to you. They originally thought that you, Chen Ce, were also a good man who, like them, tried every possible way to make money.

Who knows that you are still trying to save the people? This goes against their philosophy!

This is too much! We clearly agreed to embezzle the people's money together happily, and we brothers admire your courageous act of making money from the national crisis.

Who knew that you would end up saving the people of Qingzhou?
Zhang Heling said calmly: "I know, but you can obviously make so much money in Qingzhou, but you don't want it. You are so stupid!"

Zhang Yanling also said: "That's right! Stupid, very stupid!"

Chen Ce: “…”

"The emperor summoned me to the palace and planned to buy me a new house."

The Zhang brothers' eyes lit up and said, "Oh? So that's how it is. Then what about your house on Zhengyang Street?"

Chen Ce said: "I don't know yet."

The Zhang brothers were even more excited.

Chen Ce’s house on Zhengyang Street is pretty good. Although it’s not as big as the one on Chengqingfang Street, it’s not bad either.

The brothers have been coveting it for a long time.

Now that they heard that Chen Ce was going to move, the two brothers looked at him excitedly and said, "How about you give it to us as a gift? We are all friends, you shouldn't mind, right?"

Chen Ce shook his head and said, "I still mind. Don't you have a house?"

The Zhang brothers sighed and said, "To be honest, that old house... leaks. We brothers have had enough of living there and want to move to a new environment."

"We are all good friends. What's wrong with you giving us a house? When you die in the future, won't we brothers go to pay tribute to you?"

"That's right!"

Why is it that every time Chen Ce hears these two brothers talking, he feels like he is communicating with a mentally retarded person?

He shook his head and said, "I won't give it away as a gift. If you really like it, you can buy it with money and I'll sell it to you at a lower price."

As for whether these two idiots would become the focus of the White Lotus Sect after they moved in, Chen Ce didn't care.

Zhang Heling rolled his eyes, laughed, and said, "Oh, so, how much cheaper is it?"

Chen Ce said: "The market price should be around one or two thousand taels of silver, at least. Well, you also said that we are friends and should support each other. If I encounter any difficulties in the court in the future, you brothers will also help me, right?"

Zhang Heling said shamelessly: "Of course! We are friends. Whoever bullies you is slapping us brothers in the face!"

Then why didn't you step forward when Li Hang impeached me? Didn't it hurt when you got hit on the face?
Chen Ce smiled and said, "Five hundred taels, if you want."

so little?
The Zhang brothers’ bodies were shaking with excitement. Good, good, good, Chen Ce, you’ve finally become a human being!
(End of this chapter)