Wang Liu
Wang Liu
Wang Yu (1786-1843) was a monetary theorist in Qing Dynasty. At the beginning, it was named Zhongliu, whose character was both Zi and Liang Sheng. He is from Wuxian County, Jiangsu Province. He is the author of the first draft of the garden and the second draft of the garden, and his main monetary thoughts are concentrated in the book "coin Cuyan". At that time, because of opium smuggling, a large number of silver flowed out, and there was a serious phenomenon that silver was expensive and money was cheap, which aggravated the financial crisis of the Qing Dynasty.
Under this historical background, Wang Liu wrote "coin Cuyan", "coin Cuyan sequel", "coin Cuyan sequel" and so on, and put forward the prohibition of using silver as currency to issue dishonoured banknotes from consistent to Qianguan; forbidding the folk use of all kinds of copper products (except musical instruments and lock buttons); casting worthless big money should be ten or hundred. In his opinion, the monarch should "control the power of money" and issue dishonoured banknotes to "control the inexhaustible supply of goods". He believes that the value of money is created by the right of the state, "creating millions means millions, creating tens of millions means tens of millions". It negates the intrinsic value of money and obliterates the difference between metal money and paper money. Wang Yu's monetary theory was aimed at increasing the fiscal revenue of the Qing Dynasty and plundering the people's wealth. Therefore, it was opposed by some people of insight. Xu Mei wrote the theory of notes and coins in response to the proposition of the coin ruminant speech, and systematically refuted his monetary theory.
Chinese PinYin : Wang Liu
Wang Liu
