The Fourth Financial Crisis

Xu Yannan can be called the flagship figure of the Golden Knife Sect.

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

If Li Qingyang wants to leave a political legacy, he must support Xu Yannan's banner. Only in this way can the Golden Blade Sect not become a piece of sand after Li Qingyang's death!

Of course, Xu Yannan knew that his speech was very crucial, because this was likely to be the last monetary policy meeting hosted by Li Qingyang personally, and it was also his last chance to gain political capital for himself. Even though he was prepared early, he still swallowed subconsciously.

After everyone's eyes were focused on him, Xu Yannan slightly cupped his hands and said: "President Li, with all due respect, I think that although the speeches of fellow Taoists from 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 from the Infinite Sword Sect immediately started making noises.

"Xu Yannan, what do you mean?"

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

"Are you crazy for launching a personal attack on the Wuliang Sword Sect?"

…

However, Li Qingyang just gently raised his right hand covered with age spots, and the scene became quiet again. Even a cultivator attending the monetary meeting for the first time could clearly feel the supreme authority of Mr. Li!

Even though the old president is already a dying old man, he only needs a gesture to silence all the hundreds of great monks of the Wuliang Sword Sect whose average cultivation level has reached the Golden Core stage.

"Keep talking!"

Li Qingyang's voice was not loud, and he did not activate his spiritual energy to use the amplification magic [Lion's Roar], but because the scene was completely silent, these light words still reached everyone's ears clearly.

Xu Yannan openly stood up and challenged the financial officials of the Wuliang Sword Sect, which was obviously the result that Li Qingyang wanted to see.

As long as he remains in office for one day, no matter what Xu Yannan says that is deviant, he will be able to withstand it. He can also intimidate this group of monks from the Infinite Sword Sect who are ready to make a move, paving the way for the continuation of his monetary policy.

With Li Qingyang's clear support, Xu Yannan also doubled his confidence and said again: "Most of the suggestions put forward by fellow Taoists of the Wuliang Sword Sect are quantitative suggestions, that is, discussing how many spirit stone coins we should issue. But this quantity The type-based control method is unreasonable. What we should pay more attention to is the actual effect of monetary policy rather than the absolute quantity of currency issuance. Therefore, I believe that price-based monetary policy control methods are the mainstream direction in the future and 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 muddy old eyes suddenly opened, as if he heard something incredible: "You are, ahem, what came to mind, ahem..."

Perhaps because he was too old, or perhaps because he was too emotional, Li Qingyang coughed several times in a row, but was unable to say a complete sentence.

When the disciple of the Wuliang Sword Sect who was responsible for serving Li Qingyang's daily life saw this, he was immediately frightened out of his mind. He threw all kinds of calming magic spells at Li Qingyang, then turned around and angrily yelled at Xu Yannan: "What are you talking about? You actually made Li Xingchang so angry. !”

Seeing Li Qingyang's reaction, 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 research should continue along this line of thinking?

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

However, through communication with this disciple, Xu Yannan seriously suspected that he did not know what he wrote.

Despite this, this interesting idea still inspired Xu Yannan a lot, because it coincided with the focus of his work.

According to the general idea of ​​"price-based monetary policy control", the number of Lingshi coins that the Lingshi Reserve Bank needs to issue should not be determined in advance by cultivation economists. Instead, it should dynamically adjust currency release in real time based on market price indicators. rhythm.

Xu Yannan is located in Haiya City, the largest foreign trade window in Zhongzhou. He can access the water on a first-come-first-served basis and quickly observe the price levels of all mainstream commodities. If the issuance of Lingshi coins must refer to market price indicators in the future, then he compiled [Haiya Comprehensive Price Index] will undoubtedly become the most important basis for the issuance of Lingshi coins. The Lingshi Reserve Bank branch in Haiya City led by him is expected to directly become the core of power in the entire cultivation financial world.

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 can obtain more cultivation resources, and whoever can obtain more heavenly means. merit.

The efficiency of earning merit and spiritual stones through the cultivation financial system is much higher than opening a charity house or shelter!

Li Qingyang himself is the biggest example. A waste of cultivation with inferior spiritual roots, relying on the supreme financial power in his hands, was able to cultivate to the golden elixir stage, surpassing many monks with high-grade spiritual roots.

It’s not an exaggeration to describe this as changing one’s destiny against the will of heaven!

Xu Yannan's calculation was very good. As long as he could get Li Qingyang's personal approval, he would be able to indirectly control part of the say in the monetary policy formulation process through the power to formulate the [Haiya Comprehensive Price Index]. In this way, even if Li Qingyang dies, he, Xu Yannan, can immediately In an invincible position!

Therefore, even though this theory was immature, he decided to take advantage of Li Qingyang's last opportunity to put forward this rather deviant 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 supporter, Li Qingyang.

He bowed and admitted his mistake with a face full of fear: "President Li, Yannan is just a family opinion. If you think there is a problem, I will immediately retract what I just said!"

Li Qingyang also calmed down a little at this time, waved his hand gently and said: "It doesn't matter... 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 makes me feel a little shocked."

Xu Yannan said in surprise: "Have you heard of similar statements before?"

Li Qingyang closed his eyes slightly, and his old face couldn't help showing a look of nostalgia: "That was exactly 500 years ago. At that time, Lingshi Reserve Bank was still headed by President Lu. Once I reported on my work, he once mentioned that quantity Monetary policy is only a temporary measure. Sooner or later, the control method must be transformed into price-based control. However, due to the lack of suitable price indicators in the cultivation world, it has not been finally implemented. Nowadays, Kyushu's commercial prosperity is far greater than in the past, and the Haiya Price Index The compilation work is gradually getting on the right track, and it’s time for this concept to be implemented.”

Before he finished speaking, everyone was shocked.

Is this actually the theory put forward by President Lu back then?

Everyone knew that Xu Yannan was of good quality, but no one expected that his ideological position was so high!

Li Qingyang talked a lot, and his face was obviously a little tired, but his eyes were still bright as he looked at Xu Yannan: "Okay, very good... Our Lingshi Reserve Bank has a successor! At that moment, Your demeanor even reminds me of President Lu!"