After broadcasting the ancient times live, I handed the system over to the state.

The tea law and the salt law are somewhat similar, so I won't go into details, but the currency is worth mentioning.

Currency could directly affect the economy of the Northern Song Dynasty, and the Song Dynasty had always suffered from a shortage of money.

"Before the Song-Xia War, the Song Dynasty's monetary policy was relatively stable. However, after the Song-Xia War, the Song Dynasty's monetary policy became more aggressive," Lu Rao said.

"After the Qingli era, the new monetary system implemented in Shaanxi Province even led to chaos in the monetary system of Shaanxi Province, and even affected the fiscal policy and economy of the Song Dynasty."

Those below also knew about this matter and couldn't help but smile wryly, for fighting a war was far too difficult for the Song Dynasty.

Lu Rao added, “Before the Song-Xia War, the iron coin policy was relatively stable. During the Song-Xia War, in order to alleviate the depletion of the treasury, several new mints were established in Shaanxi Province. These mints not only minted iron coins, but also copper coins worth ten cash.”

"In addition to these, the imperial court also ordered all copper and iron coins minted in other regions to be transported to Shaanxi Region. After that, Shaanxi Region became a mixed area of ​​copper and iron coins."

"During the Qingli era, the amount of coins minted reached more than three million strings of cash, and by the sixth year of the Xining era of Emperor Shenzong, the amount of coins minted had reached more than six million strings of cash."

"Unrestrained minting of coins, coupled with chaotic monetary laws, led to a great upheaval in the monetary system of Shaanxi Road, resulting in serious social problems and consequently affecting the economy."

"Especially after the easing of relations between the Song and Xia dynasties, problems such as soaring prices, rampant counterfeiting, and excessive use of coins emerged in Shaanxi Province. These problems were not limited to Shaanxi Province; similar issues arose in other provinces that helped mint copper coins."

"The money is getting lighter and thinner, and some people are risking their lives to mint coins illegally, which is even causing prices to rise. The number of people arrested for minting coins is also increasing..."

"It was precisely because of this that the increasingly serious economic problems forced the Song Dynasty's rulers and ministers to consider a more comprehensive monetary system after the easing of relations between the Song and Xia dynasties."

"The officials in the court put forward various solutions."

Lu Rao gave a few examples.

For example, first devalue these small iron coins, stop minting iron coins in Hedong Road, then use two of these iron coins this year to serve as one copper coin, and after a year, use three iron coins to serve as one copper coin...

However, this only addresses the symptoms, not the root cause.

The money laws proposed by the officials later were also not very satisfactory.

Not to mention the court officials who were contemplating the matter in the imperial court at the time, even ordinary people under the sky could still feel it.

They may not know about major national policies, but they immediately started complaining about monetary policies that concern their lives.

The discussion was intense under the sky.

The storytelling in the teahouse had stopped; everyone was engaged in lively discussion, constantly ordering tea and snacks. The manager was busy running around, feeling both happy and worried.

Seeing that some scholars were getting a little angry with each other, he rushed over to calm them down.

"I think the first monetary method is acceptable; it can raise the value of money and lower prices."

"The sky above has already said that this is just a temporary fix, a temporary solution that doesn't address the root cause!"

"I think the third one is pretty good, but it would be even better with a few minor modifications."

Why not the fourth one?

"Indeed, the court is full of great talents; no matter how hard we try, we can't come up with such a solution."

……

There are many people discussing it under the sky.

Even in the live chat, there are many people discussing and arguing, and some later people posted the actual money law being implemented on the screen for everyone to see.

Let everyone compare.

But as many people as there are Hamlets, some people will stubbornly insist on their own interpretation.

Before the Song Dynasty, people from all dynasties, good or bad, recorded all these old and new monetary systems.

Later, Zhang Fangping and others used several measures to barely maintain the price of money.

The first rule is to devalue the large copper coins to three-tenths of their original face value and use them as a substitute for three copper coins.

In other words, one large copper coin was equal to three small copper coins or small iron coins. This lowered the price of large copper coins, reduced the illegal minting of large copper coins, and also devalued small iron coins, making it unprofitable for minters to mint them. At the same time, the minting of iron coins was stopped, thus stabilizing prices.

With these combined measures, prices have stabilized somewhat, and things are no longer so chaotic.

"The chaotic situation at this time still left hidden worries for the future."

"Later, although the small iron coins were discontinued, the two-cash coins were introduced again during the reign of Emperor Shenzong. By the time of Emperor Huizong, all kinds of coins had appeared, and the currency system here had become a complete mess."

As Lu Rao finished speaking, Zhao Kuangyin, Zhao Guangyi, and the others below kept glancing at Emperor Shenzong of Song, who was not far away.

Of all his descendants, Zhao Kuangyin admired few, but Zhao Xu was definitely one of them. He was a courageous and ambitious ruler, but now it seems he doesn't admire him as much anymore.

It's incredibly difficult to both expand and maintain the economy.

It's rare that during the reigns of Emperor Renzong and Emperor Shenzong, there were still many exceptionally talented individuals, but problems such as financial chaos remained unresolved.

In fact, they already knew a lot about economic principles. Among the officials of the Qin, Han, Tang, Song, and Ming dynasties, the officials of the Song dynasty were definitely the most likely to understand the economic principles and terms of later generations.

They didn't have many options, which gives you an idea of ​​the trouble and chaos at that time.

Sometimes it's not that I don't want to fight, it's that I'm powerless to do so.

Zhao Kuangyin clicked his tongue; the situation that followed had already far exceeded his control.

There's no need to talk about Emperor Huizong's time; it was chaotic. How could Emperor Shenzong's reign be so chaotic as well?

Did Wang Anshi's reforms change your mind too?

……

"The money shortage actually started as early as the Tang Dynasty, and it was particularly noticeable during the mid-Tang period," Lu Rao said, glancing at the people below.

Li Shimin nodded slightly. In fact, there was a money shortage in the early Tang Dynasty, but it was still manageable at that time.

It seems that the money shortage was more pronounced in the Song Dynasty now?

Sure enough, Lu Rao said the same thing: "By the Song Dynasty, the money shortage had become even more pronounced."

"Then why was there such a severe currency shortage during the Song Dynasty? After our research, we discovered that the value of the currency and its price were not equal during the Song Dynasty." Lu Rao shook his head and chuckled.

"..." Song Dynasty courtiers & people under the sky.

The person who had just said that taking on several people at once was a good idea was also somewhat annoyed.

With the price of copper coins fluctuating so much, who knows what it will become in the end?

Of course, Lu Rao wasn't just talking about this issue, "There's also the problem that too much of this money is concentrated in military spending or among redundant officials."