Chapter 200: The purpose of the Ming Dynasty bank lending money is to help the imperial court achieve macroeconomic control
Zhu Gang took a sip of tea and then said solemnly, "It seems that some of the strategies we have formulated before need to be adjusted appropriately."

Zhu Biao said thoughtfully: "You mean that the silver vault and bank management strategies you told me before need to make some changes in the details now?"

Seeing that his elder brother had misunderstood his meaning, Zhu Gang quickly shook his head and said, "Money shops issuing loans can promote economic prosperity and development.

In addition, investing loan funds into the market can stimulate consumption, increase production, create employment opportunities, and contribute to the growth of the Ming Dynasty's economy.

Especially in the stage of economic recession or when stimulus is needed, reasonable lending can help the government to achieve macroeconomic control and stabilize the financial market to a certain extent. "

Zhu Biao seemed to have thought of something, "Macroeconomic regulation, financial market?"

Zhu Gang knew that if he wanted to realize his "dream of becoming an overseas governor-general and emperor" as soon as possible, he had to cultivate Zhu Biao's future thinking as soon as possible.

Otherwise, even the decision-makers above would not know the strategic intentions behind the main business of Daming Money House, let alone those in charge of execution would be completely in the dark.

“The basic objectives of macroeconomic regulation include four aspects: promoting economic growth, increasing employment, stabilizing the overall price level, and maintaining a balance of domestic and foreign revenues and expenditures.

Now I will explain these four aspects one by one and in detail with you. "

Over the next hour or so, Zhu Gang eloquently expounded his views.

Not only Zhu Biao in the room listened with great interest, but Zhu Yuanzhang, who was hiding outside the window and eavesdropping, also got a lot of inspiration from it.

“We need to keep the economic growth rate at a reasonable level.

We must strive to increase the growth rate, prevent excessive growth, and avoid large fluctuations.

Isn’t it a good thing that people’s lives are getting better and better?”

Wang Jinghong, who was standing aside, naturally could not answer these questions. Fortunately, Zhu Biao quickly raised similar questions.

Zhu Gang sighed when he heard this, "As the saying goes, when a country prospers, the people suffer; when a country perishes, the people suffer.

Although rapid economic development can create more employment opportunities, it can also improve people's living standards.

However, it will also cause instability in economic development, especially the aggravation of social income inequality, which will threaten the sustainable development of the national economy and people’s livelihood.”

While boasting, Zhu Gang was very grateful in his heart for the nine-year compulsory education implemented in later generations.

A lot of the knowledge taught in political and history classes, if applied to the Ming Dynasty of this era, can be regarded as "dragon-slaying skills."

Coupled with the massive amount of information brought by the Internet age, Zhu Gang, who traveled through time before, could still learn a lot of knowledge even without leaving his home.

His throat was about to smoke from talking, but Zhu Biao asked more and more questions.

"Can you elaborate on the sustainable development of the national economy and people's livelihood?"

Zhu Gang put down the teacup in his hand and said, "If the coordinated development of economy, population, resources, environment and other aspects constitutes the goal system of sustainable development strategy.

Then capacity building in management, law, science and technology, education and other aspects constitutes the support system of the sustainable development strategy.

We must not only achieve fairness among contemporary people, but also between contemporary people and future generations, because the resources that people rely on for survival and development are limited. "

Zhu Yuanzhang, who only had a vague understanding of the situation, walked in from outside and said, "The resources that the people rely on for survival and development are limited because the aristocratic families have seized too much wealth.

Coupled with the rampant corruption of some officials, the income inequality you mentioned earlier will become more and more serious.”

Zhu Gang realized that he had strayed a bit off topic, and immediately brought the topic back to the business strategy of the Ming Dynasty Money House.

“In fact, the reason why the Ming Dynasty Bank launched targeted lending business was mainly to redistribute the wealth that was occupied by the aristocratic families.

Through some effective business methods, they deposited their hidden wealth into the bank. Then we lent the money to some people who wanted to do business but did not have enough capital. "

This statement touched Zhu Yuanzhang's heart. He suppressed his anger and asked, "If the common people all run away to do business, who will do the work of farming and paying grain?"

For Zhu Yuanzhang, who was not very good at economics, Zhu Gang could only persuade him from a realistic perspective.

“Just now, I had a chat with my eldest brother about the current development status of our Daming Book Industry.

What is certain is that a relatively complete chain of interests has been formed.

If we want to lower the price of books, we will inevitably be obstructed by these vested interests."

Zhu Biao, who was the first to react, couldn't help but brighten up when he heard the words.

"You mean to use the loan to support our own booksellers and break the monopoly of the original practitioners on the book market?"

Zhu Gang nodded approvingly, "We can recruit a group of writers to specialize in writing travel notes and novels.

As long as you attract those readers with your content, you can gradually open up the market.

Those booksellers who have borrowed money from the Ming Dynasty Bank will also actively expand their business scale so that they can seize more market share. "

The types of books available for publication in the Ming Dynasty were very rich. In addition to the traditional four major categories of "Classics, History, Philosophy and Mirdom", there were also selections of eight-part essays and popular novels.

Even many business books and social science books covering aspects of people's lives are very popular in the relevant markets.

According to relevant surveys conducted by the Embroidered Uniform Guard, apart from the eight-part essay anthologies, popular novels are the most popular among the general public.

These imaginative novels allow people to relax and have fun while taking a break from their busy lives.

Because of the popular language description, it is loved by all walks of life.

The "Four Great Books" of the Ming and Qing Dynasties are "Romance of the Three Kingdoms", "Water Margin", "Journey to the West" and "Dream of the Red Chamber".

Although most of them have probably already been published, they are not widely circulated due to various objective factors.

In particular, the two books "Water Margin" and "Journey to the West" have been on the "banned books" list for a long time due to their sensitive subject matter.

However, these were not a problem at all for Zhu Gang.

Even if Shi Naian and Wu Chengen came personally, they would only thank His Royal Highness the Prince of Jin for allowing their works to see the light of day.

Besides, Zhu Gang had no intention of embezzling the profits. He planned to use the money to set up a creative reward fund.

Let those impoverished literati have a more stable creative environment.

After listening to the ideas proposed by Zhu Gang, Zhu Yuanzhang and Zhu Biao exchanged glances at the same time.

“Third brother, if we put these suggestions before the court, they will inevitably cause opposition from some officials.

Have you ever thought about how to deal with these problems? "

Zhu Gang nodded and said, "Because once the Hongwu Dictionary is popularized, it will sooner or later break the monopoly of the aristocratic families on knowledge.

So it is normal for some people to raise objections, and that is why we have to adopt a step-by-step strategy.”

(End of this chapter)