[At the beginning of the Battle of Yizhou, Liu Bei lacked confidence, so he made a huge promise:

If he gains Yizhou, Liu Bei will not take any of the wealth from the treasury.

Although the process of taking Yizhou was not as hard as imagined, this promise was finally fulfilled.

And after finally taking Yizhou, Liu Bei's treatment of Liu Zhang was to return all his property and the seal and ribbon of General Zhenwei to him.

The wealth in the treasury was used up and the soldiers were scattered, and Liu Jiyu did not take any of the wealth. The result was that the treasury was so poor that even when a mouse came, he had to go with two hundred. 】

Pang Tong's first reaction was to take a deep breath.

Not only did he not make any money after winning the battle, but he also lost money. Not only that, but he also had to provide food and clothing for the lord's 30,000-strong army.

And there is still a long-lasting battle in Hanzhong to be fought just one year later. In this case, there is no money?

The Lord smiled awkwardly, while Kong Ming's face was calm, but he was a little sad looking at the light curtain.

[In this case, Liu Ba appeared.

In his early years, Liu Biao had repeatedly conquered Liu Ba, a native of Lingling in Jingzhou, but Liu Ba was very angry and could not read the message back, so he pretended not to have seen it.

After Liu Biao died of illness, Jingzhou quickly split. Some people followed Liu Cong to welcome the king's army, while others chose to follow Liu Bei and go south to fight against Cao Cao.

Liu Ba chose neither of them and went straight to Cao Cao to recommend himself. 】

Liu Zichu has always been famous for his talent. Liu Bei looked at the light screen with a look of talent on his face:

I heard his name when I was in Jingzhou. His grandfather was the governor of Cangwu, and his father was the governor of Jiangxia.

Brother Jing Sheng has sighed to me many times. It's a pity that he can't use his talent even though he knows it.

Then my lord, you can relax. Pang Tong said:

Guang Mu said this, Liu Zichu finally fell into the master's trap.

[But maybe it was for a test, maybe Liu Ba was talking too much.

Cao Cao gave Liu Ba a task to prove himself: to surrender Changsha, Lingling, and Guiyang counties.

Naturally, this task could not be completed, so Liu Ba lived in Jiaozhou. However, he later had a conflict with Shixie and entered Yizhou via Zanggan Road to make a living under Liu Zhang.

Because he had repeatedly advised Liu Zhang not to welcome Liu Bei, Liu Ba was disliked by Liu Zhang, so he simply closed himself up and became autistic.

When Liu Bei besieged Chengdu, he issued an order: Anyone who harms Ba will be punished by the three tribes. In the end, Liu Zhang surrendered and Liu Bei got Liu Ba. 】

Liu Zichu's life in Yizhou was not satisfactory.

Jian Yong smiled and said: I drank with him when I was in Yizhou, and his words were very depressing.

I said that I originally wanted to be obedient to heaven and obey the people, but as a result, Cao Cao was unable to return to the thief's place, and his lord was unable to see his face.

Shi Xie was rude and Liu Zhang was weak, so he had to waste his time.

Looking at the scene again, Jian Yong shook his head and smiled:

In the end, I surrendered to the master and wasted my time.

Everyone couldn't help but sigh, and walked around in a big circle back to the starting point. If they had voted for their lord earlier, they would have achieved great results.

[Liu Ba faced an empty treasury as soon as he took office. Faced with this situation, Liu Ba issued an order to direct hundreds of dollars.

But when you cast a hundred coins, you can bring peace to all the merchants, and make the officials the official market.

In ancient times, due to limited knowledge, there was not much discussion about Liu Ba.

But in modern times, rounds of wars of words have started over whether Zhibaiqian is a good governance that transcends the times or a bad governance that exploits the people. 】

Liu Bei immediately thought that the words of this young man might have been offensive when he was worshiping his ancestral temple and describing the Battle of Yiling.

Could this be bad governance?

Subconsciously, Liu Bei's eyes turned to Mi Zhu. In terms of wealth, Zizhong should be second to none among the people present.

Mi Zhu could only bite the bullet and said: My lord, although Dong Zhuo minted small coins without writing, he was doing it to compete with the people for profit.

Since there is an official market for hundreds of dollars, it should be feasible...

Liu Bei could hear the anxiety in Mi Zhu's words, so he could only smile with relief and turn to the light screen again.

[One opinion is often simply that Han money is a precious metal currency.

The starting point of this argument is mostly based on horseshoe gold as evidence, and it is believed that the currency of the Han Dynasty was the gold standard.

I think that as long as you are not pure copper and you make a false price of a hundred times, you are competing with the people for profit and disrupting the economic market!

Along with it is the classic formulation of Gresham’s Law: “Bad money drives out good money.”

But seriously, the gold standard was established because the Empire of the Sun Never Sets monopolized the world's gold output two hundred years ago.

The maintenance of the gold standard relied on the invincible fleet of the empire on which the sun never set and the factories that were at the forefront of the world at that time.

Naturally, these were not achieved in ancient my country. Nowadays, in order to facilitate understanding, in academic circles, it is generally referred to as silver and copper before the Ming Dynasty, and it was only at the end of the Ming Dynasty that it began to shift to the silver standard. 】

Mi Zhu looked at it very seriously, and even simulated some situations in his mind, and was even more impressed in his heart:

Light Curtain's words are very concise, and you only need to compare them with what he sees in business to understand.

So when he saw Liu Bei's gaze, Mi Zhu said before he could ask:

A bad coin is like a five-baht coin that was circulated in the market when this dynasty was founded, and a good coin is like a five-baht coin that was newly minted last year. The degree of wear and tear is different, and the weight is different, but the two coins can buy the same things. .”

Liu Bei understood: In this way, the people will naturally hide the new money and use the old money, and then all the money used in the market will be bad money.

As for the theory of identity... Mi Zhu couldn't figure it out: It still needs some research.

The sun never sets on the Empire, hey, what a loud tone! Zhang Fei was usually unconvinced.

Kong Ming was calm:

We can no longer imagine its power in the future generations after 1,800 years, and naturally we can't imagine the empire in 1,600 years from now.

It relied on an invincible fleet to run rampant, and later generations also talked about aircraft carriers. From this point of view, ships sailing in the sea are crucial.

Then several people looked at each other: So what if you know? These things must be considered after defeating Cao Cao.

[Before the Ming Dynasty, there were only three currencies: grain, cloth, and copper. The Shu Han Dynasty should also have Shu brocade, which is silk.

And Liu Ba's move was not unprecedented in the past. Liu Bang had half a liang of elm pods, and Liu Che had five bahts of red and flat and three grades of platinum.

During Wang Mang's time, he had Daquan fifty, Qidao five hundred, Jincuo Dao, etc. From the perspective of precious metal currency, these are virtual currencies.

Using Gresham's Law to judge Shu politics is like using a modern sword to kill ancient officials, because it ignores its two premises:

The first is that there must be enough money in circulation, and the second is that both bad and good money are legal tender.

After the death of the Four Prime Ministers of the Shu Han Dynasty, new inferior coins were minted. These inferior coins squeezed Liu Bei's direct coins out of the market, which is the best interpretation of Gresham's Law.

The most important thing about Liu Ba's policy is the second half of the sentence: Shu Han's direct money has a supporting official market.

In the official market, direct money was directly linked to the government-run salt and iron to ensure value.

Therefore, from a practical point of view, the Zhibai money at that time was neither good nor bad governance.

To evaluate based on the effectiveness and results of policies:

An economic policy did not cause the people to live in poverty and complain. Instead, under the protection of the prime minister, two fields were opened, warehouses were solid, tools were sharp, and savings were made.

This was the most suitable economic policy tailored by Liu Ba, the economic genius at that time, for the copper-starved Shu Han. 】

Liu Bei breathed a sigh of relief. He couldn't understand much, but he could understand the final comment of the light curtain:

As long as it’s not bad governance, that’s fine!

Then he praised: Zi Chu's talent has passed through the present and ancient times! Later generations still praise him, he is really a great talent!

Kong Ming shook his feather fan lightly. He recommended Liu Ba's talent to Liu Bei. Although he could not use it for the time being, he was still very happy to be praised by the light screen for his talent.

Mi Zhu stared blankly, then stood up and stood behind Ma Liang, staring at the transcribed words.

I read it over and over again, browsed it over and over again, and finally even read it out loud, sometimes laughing, sometimes shaking my head, and finally sighed:

So this is money!

[Zhibaician, guaranteed by the official market of the Shu Han Dynasty, circulated in the three countries, and a small currency war broke out. 】

I'm very sorry to everyone, the editor just confirmed today that the release date will be next Friday.

The good news is that my snail's hand speed can save a few more manuscripts. The bad news is that I have to ask for your support for a few more days.

Today’s content is a bit dry but relatively necessary. After all, the economy is also the lifeblood. The next update will get straight to the point.

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