My bathroom connects to another world -
Chapter 547 - 547 547 Bad Money Drives Out Good
547: Chapter 547: Bad Money Drives Out Good?
547: Chapter 547: Bad Money Drives Out Good?
Watching his own factory become increasingly popular, Zhao Guang alone seemed to be the only one with growing concerns.
There was no helping it, as who knew if those products would attract unwanted attention in the future.
Even more so, if his establishment were designated as a special unit, could he still produce those items?
If the destinations of the goods were investigated, he had to find a way to conceal them.
Some of his behavior was indeed quite unusual, which could potentially lead to an investigation.
No, he must find a way to remain hidden.
His own strength was increasing far too slowly; when could he withstand the blow of a Mushroom Egg and do anything without worry?
Forget it, now was not the time to think about this.
It would be better to wait until this storm had passed.
He hadn’t expected to trap himself again.
Zhao Guang decided to focus his attention on his domain, putting his heart into it.
He gave a selection of what he considered useful reference books to his subordinates for translation, which seemed to be almost finished by now.
After all, the books had been translated according to his demands.
Next, the subjects and children under his command would have something to learn.
Only the books were ready; there was a shortage of teachers.
There was no helping it.
In a short amount of time, the population of his subjects had surpassed one million—a colossal number.
If it hadn’t been for the era of large-scale planting that they were lucky enough to be in, coupled with the growth of the five pig farms in different areas,
He might have had a headache over food problems for a long time.
There was no helping it; the number was simply too vast.
Even if he purchased food from Earth, it would still pose a significant problem.
A massive, sudden disappearance of food would definitely attract the attention of the relevant departments.
At this moment, Zhao Guang finally felt how difficult it was to manage a vast domain.
This was no longer a matter solvable merely by the wealth or the routine exchange of common materials between two worlds.
“Master, there is still a shortage of currency on the market, and the shortage is quite severe,” Xi Fei suddenly mentioned.
Zhao Guang felt perplexed, “That can’t be.
Haven’t we calculated the required amount of currency?
Isn’t the currency we’ve issued enough?”
This was genuinely puzzling; the currency should have been sufficient.
Originally, he had carefully controlled the issuance to avoid causing economic collapse due to excessive circulation.
“Not exactly.
It’s because a lot of people are hoarding our coins,” Xi Fei explained.
“What do you mean by that?” Zhao Guang was even more baffled.
Hoarding coins?
What kind of behavior was that?
After Xi Fei’s explanation, Zhao Guang finally understood but felt an even greater headache.
“Is this a case of ‘bad money drives out good’?
No, wait, which one is the ‘bad money’?” he said with a sense of helplessness.
Indeed, the currency he had introduced was exquisitely made.
And due to the materials used, these coins were much harder than gold or silver coins and couldn’t be clipped clandestinely.
Every coin maintained its value without any loss and there were no concerns about wear and tear.
But Zhao Guang misunderstood one aspect; the value represented by his currency was too low.
Exactly, it was too low.
Although nobody knew what materials were used to make those coins,
Their exquisite appearance alone signified value.
Didn’t the Gold Coins have more worth than twice the same quantity of gold, mainly due to their intricate designs?
Only alchemists could mass-produce Gold Coins in this world, while the designs from others were greatly inferior.
Zhao Guang himself didn’t understand why this world had not developed the relevant industries.
Once the currency circulated on the market, people began to treat them as treasures and started hoarding them.
Initially, due to a closed market, this currency circulated for a while.
But after the market opened to the outside, things changed.
Outsiders, seeing these exquisite coins, began spending a lot of Gold Coin and silver coins to obtain them.
Then, these items were taken away by them, whether for consumption or for collection, no one knew.
As a result, the market became flooded with inferior gold and silver coins, while his stainless steel coins became the ‘good money’ and were ultimately driven out—a scenario Zhao Guang had not anticipated.
“So, are we truly short of currency, or just short of this particular type?”
“We are genuinely short of currency.
There is a rule in our domain that only our own currency is accepted.
While civilians trading among themselves isn’t an issue, it’s a different story for our official dealings,” Xi Fei hesitated and then suggested, “unless we open up the exchange between the two different currencies.”
To liberalize the exchange would be like crazy, allowing them to trade in this type of currency.
Although this would allow him to acquire a vast amount of gold and silver, it would throw his domain into disarray.
He had not expected things to turn out this way.
Forget it, let them evolve on their own.
He believed that when enough of his currency was in circulation, the price would naturally decrease.
Moreover, allowing them to rise on their own was not a concern; it was the market’s natural regulation.
As long as he didn’t open it up right now, both sides would eventually reach a new balance.
For the time being, his job was to maintain economic balance within the domain and ensure an abundance of goods.
“All right, I understand.
I’ll continue to increase the amount of currency.
But we have to be cautious and not too hasty in distribution.
Also, control the market prices for me and don’t let some people manipulate them,” he instructed.
“Controlling the market, I don’t know how to do that.” Xi Fei had some knowledge but not in-depth.
“I remember we have talents in this area among our subordinates.
Go find someone to help.
This is probably the most important thing at the moment; we must give it appropriate attention,” Zhao Guang commanded.
Suddenly, Zhao Guang remembered something and asked again, “By the way, how many soldiers do we have in our army now?”
“The number has expanded.
We now have a total of three thousand people,” Xi Fei reported.
Zhao Guang shook his head, “That’s too few.
Our army’s limit is one hundred thousand.
We don’t need that many for now, but let’s recruit twenty thousand to start.
Our domain has over a million people now; supporting an army of twenty thousand shouldn’t be a problem.”
“So, should we still select solely from the slaves?”
Most of the previous army had come from slave backgrounds, as they were easier to control.
“No, recruit broadly but keep a tight rein.
However, don’t be too rigid.
Even if some sand gets mixed in, it doesn’t matter much; it’s hard to prevent entirely,” he replied.
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