At the end of the ceremony, all the blessings that should be given have been given.

The officers and soldiers of the Tang Dynasty who were watching the ceremony were warmly received.

Other Tubo ‘nobles’ took the initiative to bring out things and helped feed the horses.

They are expecting the team to take away their own things when the team returns, and then the next group of people will come and exchange for the needed items.

If absolute force cannot be mastered, politics will inevitably serve capital.

The Tubo army happened to be controlled by the major tribes, and the central army was the most concentrated.

Let them fight, they need benefits.

On the premise that they have sufficient benefits, they find that they are not in danger, and other things are easy to discuss.

Princess Jincheng has become a trading platform somehow. She gives discounts to people who have been good to her before, and no discount to others.

She knew that this operation could benefit her, helping herself and Datang, including Tubo.

She can't figure out how the price difference is generated. Since both parties have profits, including the transportation of the army, how is the profit generated?

When exchanging things, the people who help with the transportation in the middle are not at a loss in the end?

Not only her, Princess Yongmu is now considering this issue.

In the morning, Li Yi finished training with the two death row prisoners. They were still alive and successful. He was studying. Everyone's specific situation was different, but there was a pattern.

"Li Lang, do you still have an operation in the afternoon?" Princess Yongmu doesn't want to eat braised pork today. She eats braised mutton.

"No, it will take a long time to relax." Li Yi chose to eat braised pork at noon, what he used to eat by the poor.

There are also fried liver, water, including water burst belly.

Those who have no money eat these, and those who have money eat roast duck and goubuli steamed buns.

There are also seaside people who eat oyster fried, made with oyster and sweet potato powder.

They all eat the poor people, including the tuna from the country. They didn't eat it before, and those who couldn't eat it eat tuna.

Later, the roast duck and steamed buns were finished, mainly because they were too expensive and lost their characteristics. Everyone did not lack meat.

Stir-fried belly, braised boiled, and fried liver are on the rise.

The worthless oysters become good things, and the roasted sweet potatoes are not cheap.

"Li Lang, I saw the business and remembered something. I grow rice, you grow cabbage, and I exchange rice for your cabbage. The medium in between is currency. Right?"

Princess Yongmu knows how to think, and ask if you don't understand.

"Yes!" Li Yi swallowed a piece of pig intestine.

"You earned it, but I didn't pay, what's the matter? What's going on?" Princess Yongmu struggled with this question.

The person next to him stopped eating, and quickly took out a notebook and pencil.

"The extra resources are surplus resources. The surplus resources are that you can't finish the rice by yourself, and I can't finish the cabbage.

We each gave ourselves a value. During the exchange process, there was a difference in value. A positive difference was a profit, and a negative difference was a loss.

In fact, buying my cabbage directly and I buying your rice are equivalent exchanges.

When there is no third party to enter, the value depends on our consensus.

With the use of currency, there is a third party, and it becomes a surplus resource. "

Li Yi was not in a hurry to eat, it was hot, and the stew cooked slowly.

"There was a merchant involved, and the merchant didn't pay. What did he earn?" Princess Yongmu still didn't understand.

"You only regard specific materials as valuable things. You don't count the labor. The businessmen pay labor and knowledge. This is called value-added.

In the process of realizing value appreciation, merchants help other sellers of production materials to solve the problem of surplus resources.

You can't sell watermelons if they rot in the ground, and the remaining resources are wasted. The merchant converts this part of the wasted resources into the resources you want to own. "

Li Yi gave a simple example of growing melons.

Princess Yongmu shook her head: "I am not farming anymore. I carve the stone. I don't sell it. Can the stone rot? The sea is dry and the stone rots?"

Li Yi nodded: "If you don't carve stones for sale, it belongs to value accumulation. In the process of accumulation, you still produce surplus resources.

This surplus resource is reflected in the form of your extra work. You need other commodities, including wheat and cabbage.

Part of the value you earn from the extra labor goes to the stone you carved, and you pay more.

In the process of contributing, the stones you accumulate are regarded as investments made by you. The reason why you can invest is because you have surplus resources. "

"I didn't pay a lot. I'm smart and my technology is good." Princess Yongmu disagreed.

"Your good technology has more value-added, you are comparing with others, you should compare with your own production efficiency." Li Yi said very patiently.

"Then I was wasting the remaining resources?" Princess Yongmu frowned.

"You grow watermelons to waste, and you carve stones are a surplus value investment. When the price of similar products is high, you sell them, and you use your investment to increase the value, otherwise it depreciates."

Li Yi waved his hand. The comparison between stone and watermelon lies in the storage period.

Princess Yongmu bit her lip: "So things that can be stored for a long time and have a high probability of value-added are the main materials for wealth accumulation?"

"It's true to a certain extent, but what you are talking about has become financial management, not a fundamental value issue.

Buying gems, gold and silver is one of the ways of financial management, as well as famous calligraphy and painting.

Another type of financial management appears as a financial model, such as borrowing, which also belongs to financial management.

There is also an investment and financial management model, where you hire people to do what you do, or work with people. The scope involved is wide. "

Li Yi's thinking is still relatively clear, and he is not biased.

"Oh, understand! If I take a lot of money and don't spend it, is this money valuable? Is it counted as surplus resources?" Princess Yongmu returned.

"This is the same as carving stone, there is a situation of value appreciation and value depreciation." Li Yi followed back.

"How did the appreciation and devaluation of currency occur?" Princess Yongmu continued to frown.

"It lies in the mode of currency issuance and productivity. The social productivity of issuing credit currency cannot keep up, and currency depreciation.

The issuance of collateral currency has greatly increased productivity and currency appreciation.

At present, the currency of exchange vouchers has been increasing in value, and I am adjusting.

One is that I need it to add value and provide more production technology to transform it into productivity, so that the people will have a better life.

The other is that I need it to increase in value, and it will increase in value so that others can recognize it, including barbarians and Fanbang.

The need of the former lies in the greater and greater progress of Datang's society, while the need of the latter lies in the external monetary policy of Datang. "

Li Yi elaborated on the currency situation, which he controlled.

Princess Yongmu was satisfied, turned her head and asked Xiaolan: "Xiaolan, you see Li Lang said that the currency will increase in the future, shall we invest in currency?"

Xiao Lan was stunned and shook her head vigorously: "No, my mother, we should invest in Li Lang."

Thank you for reading this story at mtlarchive.com. Your support enables us to keep the site running!

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like