I Build an Aircraft Carrier in the Ming Dynasty

Solving the stock scam is easy, just catch Xu Fu and it's over.

However, how to solve the capital surplus can be difficult.

Silver is banknotes. The more banknotes, the better. It is better to be slightly more than the total value of goods in society, not too much.

In the current Dahua, there is a vague situation of silver passing.

The continuous influx of overseas silver for hundreds of years in the past resulted in most of it being hidden in the cellar by the landlords and gentry.

If it is not circulated on the market, it is not a big problem, and there will even be a shortage of currency in the world.

And Wu Changqing, relying on the standard currency and the current land reform, forced those people to dig out the money and flooded into the market all at once.

Then, Dahua has a situation of excess capital. Excess capital shows that, like inflation, there is too much money in the world.

But there is still a difference between the two. In inflation, everyone has too much money in their hands, causing commodity prices to rise.

However, with excess capital, only a certain group of people have a lot of money that they cannot spend, and the prices of commodities on the market have not risen too much.

This money is concentrated in the hands of a few people, so it is completely impossible to digest it by consumption. It can only be invested or buried in the cellar.

Buried in the cellar will only slowly depreciate, and most of the businessmen who invest it make money. In this contrast, those who are rich will naturally choose easily.

But the problem is that the current speed of talent cultivation in Dahua cannot keep up with the speed of social development.

Those people are free and rich, but when investing in all walks of life, they cannot find the corresponding talents.

And some infrastructure projects with poor development prospects in urgent need of money are unwilling to invest in those rich people.

For example, building official roads, how to get returns for investing in this stuff, you can't set up toll booths on the road.

Not being able to spend that money is a big problem.

The most direct impact is naturally the dissatisfaction with Dahua in the hearts of these people.

Dahua robbed them of their land and deprived them of their livelihood, but did not arrange a new way for them to make money. They will definitely be anxious and angry.

If you want to solve this problem completely, there is only one way, and that is to rely on time and wait for more talents to be cultivated.

And during this period of time, I still have to find a way to solve the urgent needs of those people.

The establishment of a stock market is a way to solve this problem, which is used by various countries in later generations.

With the stock market, these people can throw their spare money into the stock market and create the illusion that they are rich.

This money is only money when it is in the stock market.

For example, the entire stock market has a total value of 10 billion, but this 10 billion is an illusory wealth. Once all the shareholders suddenly want to realize the collective value, they will turn this 10 billion into cash to buy things.

They will find that, hey, pork that costs one pound a pound has become two dollars a pound, and then they figure it out with their fingers, as if the little money they realize will not help at all to improve their lives.

At first I thought I was richer, but in fact nothing changed.

Real wealth depends on the quantity of goods, and there are only so many goods, no matter how much money you print.

The beauty of the existence of the stock market is that, under normal circumstances, all investors will not realize their money at the same time.

The money stays in the stock market, which will not cause too much fluctuation in social prices, but also give investors the illusion that they are rich.

Also, it's not too fake. As long as everyone does not cash out at the same time, individuals can indeed turn the wealth in the stock market into real money, which can be used for consumption and improve the quality of life.

As long as everyone doesn't sell them collectively, the money inside is still money.

I am afraid that everyone will suddenly sell, and then this illusory bubble will be burst, and then a financial crisis will be caused, and how much money has evaporated at every turn.

This evaporated money is actually a number, and there are not so many commodities in society corresponding to it.

Speaking of which, there are many similarities with the previous landlords who hid their money in the cellar.

As long as not all the landowners dug up the money to spend at the same time, the money they saved was real wealth.

But as long as everyone digs out the silver for consumption, they will find that the value of the silver will be evaporated by more than half.

This illusory wealth in the cellar, or the money in the stock market, can solve the anxiety of those landlords.

Just make them feel that they are rich. Anyway, these people's money was buried in the cellar before and would not be spent at all.

They don't need so much money in their lives. All they need is a feeling of being rich and watching their wealth grow.

The same is true in the stock market. As long as they don't realise all their money and make it a number in the stock market, it will not have much impact on society.

And they themselves, can also be silent in the fantasy of growing wealth.

The stock market is a solution to excess capital, but Wu Changqing still needs to consider whether to use it or not.

After all, the stock market has functions and risks.

Once a stock market crash or a financial crisis occurs, it is also a big problem, and it will cause great damage to the economy.

At this time, it depends on the government's ability, or Wu Changqing's ability.

If he can do a good job of macro-control and keep the stock market from collapsing, then the stock market can continue to play.

If macro-control is not done well, which leads to a financial crisis, then we have to find a way to launch wars, plunder wealth, and divert national hatred.

Stop the financial crisis from happening?

Even in later generations, no one would dare to say such a big thing.

This is an inevitable law of the development of the capital market, and it is also cyclical and cannot be stopped.

However, Wu Changqing felt that his situation was special, and he might be able to avoid it for the rest of his life.

Because he has all kinds of high-tech brought by the system, which can make the society develop rapidly.

In short, he can make the rate of production of goods in society keep up with the rate of growth of money.

This is something that no country can do in the original time and space, because there is not a single traveler among them, and none of them have a system plug-in.

Their social development is slow, and an increase in productivity often takes years, decades, or even centuries.

But Wu Changqing can now make society develop rapidly, and commodities can show explosive growth.

Just like steel production, it doubles every year.

So, he doesn't have to worry that the little wealth in the stock market has no commodities to match.

Now that there is no such concern, it seems that there is no problem in building the stock market.

Wu Changqing thought a lot, and finally decided to start the stock market.