2 thoughts on “Popular interpretation of bad coins expels good currency”
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"Inferior currency expels good currency" refers to the replacement of currencies with high actual values.
The is common in the history of Chinese currency. For example, there are 'money shortage' in the Tang Dynasty, and we can often see a large amount of canned Yuan Tongbao today. It is because of its exquisite and full value to store people. They would rather replace the circulation with poor coins or silk, and they were not willing to use exquisite kai's money.
The coin collection market at the moment, the good money disappears, and the currency is popular. The other form is "the inferior coin expels good coins." The more the coins are rising, the more the good money is the precipitation. In the end, everyone will only take the garbage out of the market. Occasionally, there is a boutique, which is also a spatial price.
The finally became a two -level market for traffickers and laymen. The essence of collecting money and coins is not simply more beautiful. It should also include good varieties, good content, good gains.
In the "bad currency expelled good coins" guided by Vipshop theory, people are with the "Tibetan Ancient" spirit that the collection coins should have.
Many people have heard the vernacular that everyone has heard of "inferior coins" to deny my statement about the market that will automatically eliminate bad coins in the market. I just want to ask, how much will I not use my mind? The reason why the inferior coins eliminate good coins is that you must not admit it, so it's long, everyone uses bad coins. The elimination of bad currencies is because there is nothing legal recognized by metal currencies. In the case of the free distribution of metal currencies, the reason why people choose to choose enough currency is because it is convenient! Otherwise, if you take a quality garbage, the coin transactions with a short and short two are, others have to bring a rod! You have to estimate how the garbage money is, how to convert it.
The people always feel that they have read two years of books. First of all, evaluating Liu Che, should understand that his positioning is an emperor and a dynasty leader, not a good man and a woman. Zhao Kuangyin and Zhu Yuanzhang's feudal system for thousands of years, but which emperor is a great good man? Who did not slaughter the city? Let's let go of the fire? Although Liu Che is so happy, the problems of South Vietnam, the Xiongnu and other issues have been dragged for hundreds of years. It is time to solve it. Military expenses and output are too impact than the quality of the commander. Although Wei Qing can win the battle, it is a burning master. If he has not been used in Huo Qubing in those years, it is very likely that the Han Dynasty could not solve the problem of the Huns.
Mo or female in the founding of the country, no matter men and women have granted fields. Some of the wealthy and poor poverty after generation, many reasons are not just the faults of the government. , It ’s unbearable without rain. Then some people are diligent and frugal, and the natural life is better and better. Naturally, it is bad to be lazy. Natural disasters and human disasters and diseases will cause farmers to go bankrupt. Emperor Hanwu engaged in the monopoly economy, and the government's large -scale economic stimulus plan disturbed the normal private economic system. Emperor Hanwu's official thought before the Han Dynasty was Huang Lao's philosophy. Huang Lao's philosophy is closer to the Austrian school, and the Confucian set is closer to Keynes.
The debt has three problems. The issues of the business index are not mentioned. First of all, the problem of inflation caused by the integration of central banks and the government. Well, in ancient times, there were no banknotes without considering this problem. Followed by government credit issues. What happens if Western Europe borrowed money? In the next 50 years, you will not be able to lose after you can't borrow money. What happens if you borrow money from the unified country? What happens. No competitive pressure. So there is a problem ...
The debt can be issued. As for the probability of repayment, I am afraid it is very low. The social structure when Britain issued debt is very different from Emperor Hanwu. In the late Qing Dynasty, I also issued debts, and I haven't repaid it yet? Finally, there is a way to protect the road. The debt issuance mechanism is an important part of establishing an elastic fiscal system. Of course, there will be no repayment, so there is no so -called "elastic fiscal system." In the perspective of people in the future, debt issuance was the best choice at the time of the Han Dynasty.