The Fourth Lingshi Financial Crisis

Chapter 9 You remind me of President Lu
Xu Yannan can be called the banner figure of Jindaomen.

Among the new generation of financial officials in the foundation-building period, no one can compare with Xu Yannan in terms of academic achievements. Even if you look at the entire Wuliang Sword Sect, there are few monks of the same generation who can compete with him.

If Li Qingyang wanted to leave a political legacy, he had to support the banner of Xu Yannan. Only in this way, after Li Qingyang passed away, the Golden Knife Gate would not become a mess!
Of course Xu Yannan knew that his speech was very important, because this was likely to be the last monetary policy meeting that Li Qingyang personally presided over, and it was also his last chance to gain political capital for himself.Even though he had prepared early, he still swallowed subconsciously.

After everyone's eyes were focused on him, Xu Yannan cupped his hands slightly and said: "President Li, with all due respect, I think that although the speeches of fellow Taoists of the Wuliang Sword Sect are very pertinent, they are not in line with the actual situation in the current cultivation world. .”

As soon as these words came out, a large number of monks of the Infinite Sword Sect immediately clamored.

"Xu Yannan, what do you mean?"

"This is the Lingshi Reserve Bank meeting, not a place for you, Observer Xu, to spout nonsense!"

"Personally attacking the Wuliang Sword Sect, are you crazy?"

……

However, Li Qingyang just gently lifted his right hand covered with age spots, and the scene became quiet again. Even the cultivators who participated in the currency conference for the first time could clearly feel the supreme prestige of President Li!

Even though the old president was already dying, he only needed a gesture to silence hundreds of great monks of the Infinity Sword Sect whose average cultivation base had reached the golden core stage.

"Go on!"

Li Qingyang's voice was not loud, and he didn't activate his aura to use the amplifying magic [Lion's Roar], but due to the silence at the scene, the light words still clearly reached everyone's ears.

Xu Yannan openly stood up to fight the Wuliangjian financial officials, which was obviously the result Li Qingyang wanted to see.

As long as he is still in power for a day, no matter what Xu Yannan says is deviant, he will be able to hold back, and he can also deter these monks who are about to move, paving the way for the continuation of his monetary policy.

With Li Qingyang's clear support, Xu Yannan's confidence also doubled, and he cupped his hands again: "The many suggestions put forward by fellow Taoists of the Wuliang Sword Sect are mostly quantitative suggestions, that is, to discuss how many Lingshi coins we should issue. But this amount It is unreasonable to use a price-based monetary policy regulation method. We should pay more attention to the actual effect of monetary policy rather than the absolute amount of currency issuance. Therefore, I believe that the price-based monetary policy regulation method is the mainstream direction in the future. It should be based on flexible The actual purchasing power of stone coins determines the total amount of currency issued.”

Price-based monetary policy control means?

Hearing this statement, Li Qingyang's cloudy old eyes suddenly opened, as if he had heard something unbelievable: "You are, cough cough, thought of it, cough cough..."

Maybe it was because he was too old, or maybe he was too emotional, Li Qingyang coughed several times in a row, but couldn't utter a complete sentence.

Seeing this, the disciples of the Wuliang Sword Sect, who were in charge of serving Li Qingyang's daily life, were frightened out of their wits and threw all kinds of tranquilizing techniques at Li Qingyang. !"

Seeing Li Qingyang react so strongly, Xu Yannan was also stunned.

The script is obviously not written like this!
Shouldn't you always express your appreciation for my point of view, and then clearly point out that you should continue to carry out research along this line of thought?

In fact, price-based monetary policy regulation is not Xu Yannan's original point of view.Not long ago, one of his disciples in the qi refining period wrote a working paper, which mentioned the very interesting idea of ​​"price-based monetary policy regulation".

However, through communicating with this disciple, Xu Yannan seriously suspected that he did not know what he was writing.

Nevertheless, this interesting idea inspired Xu Yannan a lot, because it coincided with his work focus.

According to the general idea of ​​"price-based monetary policy regulation", how many Lingshi coins the Lingshi Reserve Bank needs to issue should not be determined in advance by comprehension economists to determine the total amount target, but should be based on market price indicators to dynamically adjust the currency supply in real time rhythm.

Xu Yannan sits in Haiya City, the largest foreign trade window in Zhongzhou, and can get the most out of the water and quickly observe the price levels of all mainstream commodities. If the issuance of Lingshi coins will refer to market price indicators in the future, then the [Haiya Comprehensive Price Index] will undoubtedly become the most important basis for the issuance of Lingshi coins.And the branch of Lingshi Reserve Bank in Haiya City under his leadership is expected to directly become the core of power in the entire cultivation and financial circle.

Since the establishment of the Lingshi Reserve Bank, anyone with a discerning eye can see that the power of the financial system of cultivation is rapidly expanding. Whoever can control the power of the financial system will be able to obtain more cultivation resources, and whoever can obtain more Heavenly Dao Merit.

The efficiency of earning merits and spiritual stones through the cultivation financial system is much higher than opening a family charity or shelter!
Li Qingyang himself is the biggest example. A low-level spiritual root cultivator, relying on the supreme financial power in his hands, was able to forcibly cultivate to the golden core stage, surpassing many high-grade spiritual root monks.

It's not an exaggeration to describe it as changing your life against the sky!
Xu Yannan's plan was very good. As long as Li Qingyang personally approves it, he can indirectly control part of the right to speak in the process of making monetary policy through the formulation of the [Haiya Comprehensive Price Index]. Even if Li Qingyang passes away, Xu Yannan can immediately Invincible!
Therefore, although this theory is not mature, he still decided to take advantage of the last opportunity of Li Qingyang's power, throwing out this rather deviant point of view, to gain more political capital for himself in the Lingshi Reserve Bank.

Unexpectedly, as soon as he opened his mouth, he almost fainted his biggest backer, Li Qingyang.

He bowed in fear and admitted his mistake: "President Li, Yannan is just a family statement. If you think there is a problem, I will take back the statement just now!"

Li Qingyang also slowed down a little at this time, waved his hand lightly and said, "It's okay... I don't think there is any problem with this point of view, it's just that after so many years, hearing this term again really shocks me."

Xu Yannan asked in surprise, "Have you heard of similar claims before?"

Li Qingyang closed his eyes slightly, and his old face could not help showing a little nostalgia: "That happened 500 years ago. At that time, Lingshi Reserve Bank was headed by President Lu. Once when I was reporting work, he once mentioned that the quantity A type of monetary policy is only an expedient measure. Sooner or later, the regulation method will be changed to a price-type regulation. It is only due to the fact that there is no suitable price index in the cultivation world, so it has not been finally implemented. Today, the commercial prosperity of Kyushu is far better than in the past, and the price index of Haiya The compilation work is gradually on the right track, and it’s time for this concept to come to fruition.”

Before the words fell, everyone was shocked.

This turned out to be the theory put forward by President Lu back then?

Everyone knows that Xu Yannan's level is good, but no one expected that his ideological position is so high!
Li Qingyang talked a lot, and his face was obviously a little tired, but he still looked at Xu Yannan with piercing eyes: "Okay, it's very good... Our Lingshi Reserve Bank has a successor! At that moment just now, Your demeanor even reminds me of Governor Lu!"

(End of this chapter)