MMORPG: The Almighty Ring-Novel

Chapter 2882: Chapter 2870: work for food

Translator: 5496903

“Alright! Sir, leave this to me,”Jiang Fei said after a moment of silence.

“You have a plan?”The consul was stunned. He and his staff had been worried for days. They did not expect Ralph to agree to it so easily.

“I have a plan,”Jiang Fei said.

“What do you plan to do?”The magistrate asked.

“Two words — work for food!”Jiang Fei said.

“Work for food?”The magistrate was confused.

“Sir, the reason the people can’t eat is because they don’t have money. It’s not because the merchants don’t have food, right?”Jiang Fei asked.

“Yes!”The magistrate nodded. Because the financial crisis had only happened for a short period of time, it was not enough to affect the production of food. Therefore, the grain merchants had food in their hands. Moreover, the crops in the fields were growing well.

However, the problem was that the gamma space was not highly centralized. Although the consul looked like he was dictating, he could not order the grain merchants to confiscate the grain in their hands and distribute it to the hungry people.

If they wanted to provide disaster relief, then the government could sell grain from the grain merchants and distribute it to the hungry people. However, the problem was that the government did not have money in their hands now, and you always gave the people free grain. This was a bottomless pit, and there was no end to it!

That was why the magistrate and the others were worried. Although the last step was to force the grain merchants to open the grain storehouse to release the food, if that was the case, the wealthy class would definitely unite to boycott the magistrate, when the time came, he would not be replaced by the magistrate. Instead, he would be kicked out by the wealthy class. That would not be worth it. This was also the reason why the magistrate was reluctant to take action.

“Since there is no shortage of food, and the people can not eat because they do not have money, then why don’t we just let them have the money?”Jiang Fei laughed.

“It’s easy to say, but we do not have the money to send them to relieve the disaster!”The magistrate said.

“Why should we give it to them for free? Didn’t I just say that we will work for relief!”Jiang Fei laughed.

“What do you mean?”The archon seemed to have thought of something.

“We are not giving them money for free. We are giving them work. You See, after the previous two riots, the entire city has suffered great losses. This Life Extension Center will definitely have to be rebuilt. Many of the houses in the rich areas have also been destroyed. That place will also have to be rebuilt. In addition to the other things that have suffered losses, we have a lot of reconstruction tasks. However, reconstruction requires people. People need to work. Aren’t these poor people who can eat the food the best laborers?”Jiang Fei laughed.

“Let them work, and then we’ll pay them?”The consul was enlightened.

“That’s right!”Jiang Fei said.

“But the problem is, we don’t have the money to pay them!”The consul spread his hands. Although they had agreed to fight the war against the sheriff, the consul and his government were now in a tight financial situation.

“Isn’t it easy if we don’t have the money? Let the bank print more paper money, and then we’ll have the money, right? “We’ll use this money to pay the workers. Then, they’ll definitely buy food and eat. Once there’s a business activity, we can collect taxes!”! “Then, we’ll use the tax money to pay the workers next month’s wages. Won’t the money be rolling in?”Jiang Fei laughed.

“Interesting!”The archon’s eyes lit up. This Ralph’s idea could be said to be empty-handed!

The bank would print out more money and distribute it to the working workers. The workers would buy food and supplies, and the shops would pay taxes. After the taxes were collected, the government would be able to pay the workers again, although there would still be some losses, the government did not suffer any losses. A large amount of infrastructure construction would have been completed. If this were any other time, the government would have spent even more money!

Because the government itself has the budget to rebuild the infrastructure, this money has to be spent no matter what. Instead, by using this method of work-for-relief, it not only saves money, but also let the entire market’s financial trade to return to normal, this is simply killing two birds with one stone!

“How did you come up with all these ideas?”asked the consul as he looked at Jiang Fei. He felt that Wu Fu from the slums was too talented. How could he come up with such a genius idea!

“I just had a sudden thought,”Jiang Fei said vaguely. He had learned these things from history textbooks when he was on Earth. He just took them here and used them. Thɪs chapter is updatᴇd by Noᴠelꜰɪre.nᴇt

“You are really a genius! Okay! I’ll leave this to you!”The magistrate said on the spot.

“Thank you, sir, for Your Trust!”Jiang Fei was very happy. Other than gaining the trust of the magistrate, he was also happy because he had unknowingly dug a big hole for the magistrate.

The law currency was endorsed by the government. It did not require any real high-value, high-value items as collateral. Its normal operation depended on the government’s reputation. If the government knew how to play and was willing to play, everything would go smoothly, however, if the government did not know how to play, or did not intend to play, the law currency was the best weapon to plunder the people!

As there was no need for something like the Moon Spirit Crystal as collateral, it seemed that the people who printed the paper currency did not even need to consider the leverage that was several times the amount of the Moon Spirit Crystal as collateral. Instead, they could simply print the paper currency at will. This caused the government to be responsible, this would limit the amount of paper money that could be issued. This would make it conform to the laws of finance and maintain the stability of the currency.

However, if the government wanted to plunder the wealth of the people, they could just simply print whatever they wanted. They could just print as many as they wanted. If the government ran out of money, they could just start printing money.

The result would be inflation. The currency would depreciate crazily. In the end, the value of the currency would not even be as valuable as the paper that printed the currency. This had happened more than once on Earth. Jiang Fei was well aware of this.

Therefore, Jiang Fei had inadvertently revealed a piece of information to the consul. If there was no money, he could just turn on the printing machine and print some money. However, he did not say that this matter could not be messed with. If there was no money, he could just print it.., if there was no money, he could print it. In the end, there would be trouble.

This foreshadowing was equivalent to Jiang Fei planting a big bomb in the gamma dimension. The previous financial crisis was easily averted. That was because the gamma dimension had a strong government backing it. It was endorsed by the government, the new currency was quickly recognized.

However, if the government overissued the currency and caused a new round of financial crisis, the financial system would not be the only one to collapse. The government’s credibility would also collapse. If the government lost its credibility in the hearts of the common people.., no matter what currency they issued, the common people would not approve!

Therefore, at that time, the gamma dimension would be in complete chaos!

Jiang Fei had left this foreshadowing behind just in case. If he could successfully kill the snow beast, Jiang Fei did not mind giving the Archon a warning in advance. He did not want the Archon to issue too many banknotes. However, if Jiang Fei was in trouble.., this foreshadowing would be his way out. Once the Gamma Dimension was in complete chaos, who would care about him!