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卷二十六 志第十六 食貨

Volume 26 Treatises 16: Finance and Economics

Chapter 26 of 晉書 · Book of Jin
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1
貿 西西駿 鹿 鹿 使 鹿 西
The kings of old sized out territory to lay out towns, reckoned acreage to house the people, tuned their duties to the triad of Heaven, earth, and mankind, kept faith with the turning year to finish each season's work, and read popular sentiment so they could straighten what statute and custom required. They promoted tillage and silk as the economy's foundation, extended trade in fish and salt, scaled high hills for ritual jade, and crossed the deep sea to harvest pearls. When the sun stood at the meridian they opened the mart, drawing workers from across the land—first with bolts of cloth, then with coined cash—swapping abundance for scarcity until buyer and seller were matched. The Zhouli records that with the new year's first month they proclaimed the royal teachings beneath the watch-towers flanking the palace gate. Each farmer had his plot and homestead, a short stint of labor service, and the graded land tax; ritual taught humility, and the spring communal feast kept everyone at the plough. Heaven prizes humanity; good government prizes scholarship; the path of the junzi runs through the canon and into service. As the Book of Songs puts it, in the third month they hone the shared blade; in the fourth they stride out to the furrows. Hence field overseers and marsh wardens stood in fixed posts; household instruction hardened young hands without play; at fifteen youths took up work and adult clothes; villages held no loafers and towns lost no farming window—that was the world in which, as the ode says, each newborn generation stuck to its calling. That is how Jiang Taigong turned ward and marketplace into strength for Qi. Fan Li, styled Lord Chiyi, knew how to marshal stores and levies, and so he built up the great pottery workshops of the interior. Under Shaohao's 'Metal Heaven' line, every season had its bird-titled minister—spring for seeding, summer for weeding, autumn for reaping, winter for storage—so the calendar never slipped. The Shangshu counsels men to chart sun, moon, and stars and hand peasants a trustworthy calendar. Tradition adds that Yu and the Lord Millet tilled their own soil—and thus earned the mandate. Once the nine domains were mapped and the four classes knew their trades, the southeast traded ivory, Bashu poured out cinnabar, Yan-Yu warehoused lacquer thread, Qi quarried odd stone, the northwest sent feathers and jade trinkets, the middle Yangzi routed bamboo, riverbanks fattened citrus, the Grand Canal moved freight, the far northeast shipped wool, and the western steppe sent horses—goods crossed every boundary imaginable. Taking cues from the sky and leaving no acre unmeasured on earth, pooling hill and sea wealth, titheing one tenth off each hundred-mu farm, and insisting that nine harvest years include three years of reserves—that was how children grew strong and elders were fed. Carried into hamlet and kingdom, it fixed how high halls might rise and how banners should march in order. Embassies and banquets each had rule-books; wealth filled granaries while neighbors stayed calm. They drained floods, eased drought, and patched every coastland hurt by scarcity—only then did the throne dine with leisure enough to hear bronze bells. Shang and Zhou rose by walking this same road. Zhou of Shang and Di Xin wrecked the treasury on cruelty—gold sheathing for the tilted palace over endless leagues, jade facing for Deer Terrace up sheer cliffs, and nine separate markets inside the harem, each run by female clerks. Extortion stacked bronze at Deer Terrace, bulk grain at Juqiao, concubines for the leaning halls, and curios for the desert hunt. Carcasses hung like a forest, wine pooled like a pond; stripped revelers chased one another while thousands flopped at the pool's lip and sucked wine like oxen; chambers were carpeted in brocade and padded with figured silk. When King Wu smote the Shang king he emptied the Deer Terrace vaults, threw open Juqiao's granaries, and the conquered capital hailed heaven's mercy. King Nan's late reign shifted the court west, lost the cauldrons, silenced the southern hymns, borrowed until bankruptcy, and hid on a platform locals mocked as the terrace for outrunning debt. The Duke of Zhou's six statutes—and the ninefold tribute schedule in the Zhou guan—fed the inner palace vault as permanent law. As government frayed, ritual bundles of thatch grew rare; Lu pioneered the acre tax, Qin seized over half the crop, and ancient fiscal norms vanished. The editors comment: Ban Gu's 'Huozhi zhi' runs from the Xia-Shang-Zhou age to Wang Mang's fall, netting prior sources in exhaustive detail.
2
滿 西 西
Emperor Guangwu's punitive mandate ended Wang Mang and the Red Eyebrows; even when Heaven still favored Han, the provinces were a wasteland until he pacified the northwest and no longer feared Shu—then subjects unpacked their bundles. He minted five-zhu coins, fixed the land rent at one part in thirty, and freed new parents from the head tax for three annual assessments. Ming's accession brought quiet borders, no surprise levies, and full bins every autumn. They stacked the Ever-Full Granary and sold grain east of the walls at twenty coins the hu. Verdant pasture fattened herds; taxes stayed mild; silos swelled; fraud faded while ritual carried the day. Dawn brought ministers to the gates while imperial in-laws vied in splendor—carriages streaming, horses wheeling, light dancing along the colonnades. Ancient glosses hold that the Three Ages' opening counts nine permutations of yin and yang—the fixed mathematics of the cosmos. An's reign drowned and parched the empire until men ate men. The throne parcelled Hong Pool acreage to destitute farmers. Short revenue drove the three excellencies to sell interior marquisates for cash or grain. Huan's years brought locusts across half the provinces, a thousand-li flood on the Yellow River, and over a hundred thousand refugee households fed from state granaries. Early Jianning-Yonghe Qiang risings bled the west for twenty years, burned 3.2 billion on campaigns, emptied the exchequer, and dragged inland provinces into want. Infant emperors Chong and Zhi died young; Huan and Ling turned criminal. Flames swept the Southern Palace up to the northern watch-towers. The court reimposed a ten-cash-per-mu surcharge empire-wide to pay for new halls. Raised a poor cousin from a marquis line, Ling complained that Huan died without a secret hoard. So he stacked West Garden's Ten Thousand Jin Hall as a personal strongbox. He parked fortunes with junior eunuchs until private sums hit astronomical figures. Hongdu notices priced every title from minister on down. Cui Lie bought the ministry of education for five million; moving a prefect meant a repair levy—two thousand strings for the richest circuits—and failure drove men to suicide. Xian's five-zhu pieces bore four ridges along the edge. Critics called it an omen: a ruined capital with coin scattering to the four quarters.
3
西 便 使 輿 使 穿
Dong Zhuo's coup fired the palaces, dragged the court to Chang'an, voided five-zhu currency for light little coins, and fed the furnaces with Luoyang's bronze giants. The new issue had no inner ring and carried clumsy legends. Wits linked the deed to Qin Shihuang casting the twelve giants after the Lintao giant tale. Zhuo hailed from Lintao—different outcomes, same dark rhyme. Once Dong Zhuo fell, Li Jue and Guo Si turned Chang'an streets into war lanes. Grain hit half a million cash the hu, beans two hundred thousand; cannibalism returned, bones heaped, gore slick on the pavement. The throne sent Hou Wen to ladle imperial stores into gruel kettles, but daily handouts only raised the death toll. Suspecting theft, the emperor ladled porridge himself—starvelings sobbed that they were eating for the first time. On the eastward trek Li and Guo smashed the cavalcade at Caoyang; the court forded the river by night on foot, ladies-in-waiting and all. Fleeing the palisade, the empress hugged silk bolts until Sun Hui, under Dong Cheng's orders, pressed a blade to her throat, slaughtered her maids, and splashed her gown. At Anyi the imperial wardrobe was shreds; the court lived on foraged jujubes and greens. Chang'an emptied; within seasons Guanzhong saw no travellers. Jian'an year one brought the court to a Luoyang scraped bare—ministers camped in thorns. Warlords hoarded arms while revenue stopped; clerks scythed their own fodder and died in alleys.
4
調 綿
Cao Cao's early years besieged towns, annexed land, and fed friendlies on ad hoc impressment. Yuan Shao's army ate milled oak and dates; Yuan Shu's ranks scraped mussels, snails, and pondweed. Cao Cao then colonized peasants around Xu, planted intendants in every province, and pulled tens of millions of hu yearly for the hosts. After beating the Yuans and holding Ye he capped rent at four sheng per mu and two bolts plus two jin of silk per door—no other impost without leave, guarding smallholders from powerful estates. Huangchu 2 ended five-zhu coinage when millet spiked. With the realm still split and campaigns annual, Confucius's warning—armies stacked on dearth—matched the miasma of civil war. The three kingdoms gnawed at each other; farmers dropped implements; the Huai-Yangzi belt ran dry of stores. Wu grand general Lu Xun begged every general to enlarge military farms. Sun Quan answered: 'Very good. From now my heir and I drive the plough ourselves—eight oxen hitched as four yokes. We fall short of ancient models, yet we mean to sweat beside the ranks.' That marked Wu's turn toward serious tillage. Wei Mingdi chased palace pleasures, impressed ministers as laborers, and let agriculture slip. Later floods ruined Guandong homes while expeditions struck Liaodong and fleets massed on the Yangzi—short treasury, endless grief.
5
西 輿 西
Once Sun Hao surrendered, Jin swallowed million-household Wu, tapped Shu hoards, stacked arms in magazines, broke river fleets, and parcelled waste acres to settlers. With the agrarian asterism at dawn they ordered eastern fields; labourers shouldered hoes and grain like clouds rolling out. Heaven's five planets and earth's five stuffs aligned; peace filled treasuries; palace dress and toys sparkled in rivalry. Wang Jun and Shi Chong outspent one another—carriages, robes, and bronze rivaling the throne, coin heaped like berms, coral dusted like trees—luxury sowing its own fall. Early Yongning Luoyang still hoarded four million bolts of silk and a hundred hu of bullion and pearl. Hui's northern march stalled at Dangyin on cold peaches, one chicken, two cotton quilts, and three thousand cash for the whole cortège. Besieged by Liu Yao, Huai watched armies shatter, stores vanish, ministers starve, hearths go cold, and survivors turn cannibal. Min's western court faced famine so brutal that two ounces of gold bought one dou of rice and half the population died. Liu Yao sealed the city; when only scrapings from the grain jars could be ground for the sovereign, throne and ministers met each other's eyes weeping. Yuan's southern crossing left armies half-built; barbarian cloth tribute lacked a steady gauge; central stores held a mere few thousand bolts. With Shi Le hammering Huainan, the court offered a thousand bolts for his head to frontier generals.
6
西 滿 使 便 西 使 西
After Dong Zhuo's coup, refugees wandered, grain hit five hundred thousand per shi, and cannibalism spread. Planning wider wars after the Turbans, Cao Cao lacked rations until Yingchuan's Zao Zhi urged military farms. Cao Cao decreed that power rests on soldiers and full granaries—citing Qin's agrarian drive and Han's frontier colonies. He named Ren Jun colonel of agriculture, settled peasants around Xu, and reaped a million hu. Provinces posted farm directors; within years bins brimmed everywhere. After Zao Zhi died, Cao Cao ennobled his son in remembrance. Early Jian'an saw a hundred thousand Guanzhong households flee to Jing; peace at home made them ache to go back, yet they had no tools to farm. Wei Ji argued salt was the dynastic treasure—restore government sales, spend proceeds on oxen, and equip returning refugees. Fatten Guanzhong with tillage and wanderers will sprint homeward. Cao Cao sent the herald's vice to watch salt monopolies and shifted the provincial inspector to Hongnong. Refugees indeed streamed back; Guanzhong filled out. He then posted Liu Fu at Hefei to expand garrison farms, rebuild Quebei, Rubi, Qimen, and Wutang dikes for rice, filling public and private granaries for generations. Jia Kua, guarding Yu against Wu, readied arms, dammed the Ru into new reservoirs, and cut the two-hundred-li Jia Hou canal for supply. Under Huangchu, county reclamation kept spreading, and the treasury stayed solvent. Yan Fei of Jibei governed Jingzhao after Ma Chao's rising had pulled farmers from the plough—there were no draft animals left. He levied farmers to stockpile wheelwrights' lumber in off-seasons and rotated apprenticeships among smiths. Households short an ox were told to fatten hogs, sell into a dear market, and trade up to cattle. Grumbling gave way within two seasons to ox-drawn carts county-wide, lighter field service, and a flush Jingzhao plain. Pei's capital sat on soggy ground—floods and famine followed Zheng Hun's appointment. He diked the Xiao–Xiang marshes for rice land while locals complained about the disruption. Zheng Hun overruled them, worked beside the crews, and finished every dike that winter. Record crops followed; rents doubled the norm, so the county cut a stele to the 'Zheng dike' that still fed them. Wei Mingdi sent Xu Miao to Liangzhou, where drought chronically starved the granaries. He restored the Wuwei and Jiuquan salt pans and spent the proceeds buying grain from the border peoples. Wet-field reclamation and poor tenants followed until bins spilled over. Surplus salt revenue bought luxuries for Luoyang and kept frontier trade alive—credit Xu Miao. Huangfu Long found Dunhuang still scratching drills without irrigation—costly effort, meager grain. He introduced seed drills and channel watering. Year-end tallies showed payroll halved and yields multiplied—the northwest fattened.
7
使 西 西 穿
A Guanzhong drought drew Sima Yi's memorial: shift five thousand Ji farmers to Shanggui and work the Jingzhao–Tianshui–Nan'an brine pans for army grain. They cut the Chengguo Canal between Chencang and Huaili. The Linjin barrage steered the Qian and Luo onto thirty thousand acres of salty flats until the exchequer filled. Sima Yi next led the strike on Zhuge Ke—torched Wu supplies and drove Ke from his walls. Intent on annexing Huainan inch by inch, the court dispatched Deng Ai to scout from Chen–Xiang toward Shouchun. Deng Ai reported rich soil but unreliable rain; canals could flood the granaries and float supplies. He framed the argument in his 'Discourse on Channeling the Ji.' He reminded them how colony farms around Xu had fed the defeat of the Turbans. With three fronts quiet, only Huainan still mattered. Each campaign burned logistics—half the effort was convoys—and bills ran into billions of cash. The Chen–Cai depression could soak up irrigation shed from the Xuchang rice plots if sluices turned east. He proposed fifty thousand men alternating guard duty with tillage on both banks of the Huai. Wet years tripled western yields; after costs, five million hu a year could arm the campaigns. Six or seven harvests could stack thirty million hu north of the river—five years' rations for a hundred-thousand-man host. Such reserves would break any southern defense. Sima Yi signed off and executed Deng Ai's blueprint. They lined the Huai from Zhongli past Hengshi—four hundred li of Bi River front—posting sixty-man camps every five li to plough under arms. They dredged Huaiyang and Baichi, tied the Yellow River spill to Huai and Ying, refaced north–south Ying dikes, bored three hundred li of trench, and knitted Huai south and north across twenty thousand qing. Between Shouchun and Luoyang, garrison farms crowded the roads—chickens and dogs crowding the same dikes. Whenever southeast campaigns launched, barges slid down safe channels to the Yangzi–Huai junction with grain to spare—Deng Ai's hydraulic shield.
8
使 殿 祿
After the Wei–Jin transition, Emperor Wu set his sights on south of the Great River. Cheap grain and dear silk tempted him to institute pingdi purchases—swap bolts for bushels. Advisers balked: armies still hungry, bad time to trade pricey silk for cheap grain. So Wu Di explained his logic: plenty breeds waste, dearth breeds ruin—a seasonal swing. Ancient treasuries stabilized prices by buying cheap surpluses and selling stores when grain spiked. Balanced fiscal relief without waste—that was sage administration. But pingdi had lain dormant so long that officials no longer knew the drill. State bins were still thin, debate gridlocked, and coin could not yet move through the scheme. Fat years still leaked bullion upward while lean years trapped peasants with empty granaries. Magnates parked liquid silver and cornered hoards. Tillers bore the squeeze while artisan trades stayed unstoppable. Even after cutting labor dues and pushing reclamation, price spikes still doubled farmers' pain. Pingdi purchases must bridge the next shortage. Ministers were told to draft executable statutes. Nothing came of it. With Jiangnan still hostile, Luoyang obsessed over every furrow. On dinghai in Taishi year four he drove the sacred furrow himself. Two days later he demanded county magistrates turn every household back to the soil. Leadership meant working beside subjects until exhaustion. He acknowledged their grind. Grass-fed studs from the Central Left herd went one apiece to county and prefectural aides. That year saw the Ever-Normal Granary—buying dearths, selling gluts—for farmer relief. Taishi five opened with orders to maximize acreage and ban itinerant hawkers. Leave-takers had to hoe beside kin; magnates could not draft proxies. An autumn edict cited Shi Jian's report praising Ji prefect Wang Hong for opening five thousand qing while neighboring prefectures starved. He earned a thousand-hu bonus and an empire-wide bulletin. In year eight Minister Shi Bao asked for farming inspectors under each prefect. The throne agreed. Details sit in Shi Bao's chapter. Once Shi Bao tightened inspections, farmers steadied. Year ten saw Xia Houhe rebuild Xinqu, Fushou, and Youpi—fifteen hundred qing wet.
9
使
A winter edict recalled soldiers even while praising the ancient plough-and-sword rhythm. Ye palace bondwomen were moved to the new town to replace tun troops seeding rice—fifty women per tun under colony rules. Third-year follow-up: freak rains and locusts. Yingchuan and Xiangcheng had barely seeded since spring. Ministers had to answer how they would feed the people—fast. Du Yu answered with a memorial.
10
Du Yu warned that southeastern floods had drowned the crop and the cottage economy—mud flats and gravel ridges alike—and next year would hurt worse. Without a sweeping plan, urgent edicts would stay ink on silk. Vegetable season already left pantries bare; come winter they would depend wholly on state grain. That demanded advance planning.
11
Fish and snails should help, but floods kept them from paupers. Breaching Yan–Yu eastern dikes could steer runoff downhill. Let refugees forage wetlands inside their home counties—that feeds today. Once floodwaters fell, silted acres could yield several zhong per mu. Spring grain on those flats would repay the breach next harvest.
12
穿調
Du Yu renewed his plea to sell off breeding oxen that never pulled a plough—herds that only consumed state fodder without adding use.
13
使 調
The court refused: breeding stock must not be dispersed. The proposal died. Officials counted forty-five thousand breeding cattle on the rolls. Without productive work, head count only bled money. Ancient oxen ploughed at peace and pulled wagons at war—not barnyard pork. Idle oxen broke both budget and precedent. The southeast lived by paddy but lacked cattle. With dikes failing, thirty-five thousand head could equip spring ploughing for two prefectures. Tax back three hundred hu per ox after harvest. Sell the herd for seven million hu delivered riverside—years of returns. Add hill dwellers resettling drier ground—public and private wealth would compound. Ten thousand prime breeders could stay under the right herd commandant. Crowded districts could share pasture with audited rotations. The three Wei capital belts would repay hundreds of thousands of hu yearly once oxen learned the yoke—gains available immediately.
14
Du Yu added:
15
便 便
Engineers fixing paddies loved slash-and-flood routines. That works only for virgin bush far from villages—not crowded flood plains. Early Jiangdong was empty enough that fire farming still worked. Population packed in while dams yearly failed—prime dirt went to marsh reed, villages squatted in mud, herds and orchards died behind leaky banks. Too many ponds meant thin topsoil and perched water—rain never soaked through. Every storm sheeted across upland farms. Critics blamed the dirt instead of the dams. Han census maps show those acres had once been upland grain. Ancient tanks still holding water deserve upkeep—not the same as recent mistakes. Hu Wei had already pleaded earnestly to breach the worst impoundments. District aide Ying Zun paired a shorter canal route with draining the Si reservoir. Area command and finance vetoed him by committee. Zun was right—an older channel reached Shouchun without the Si pond. That dike drowned thirteen thousand qing inside his county. Even a sparse county could not expand plots—pure hydraulic choke. Everyone should share the fix; headquarters obstruction was ideology, not evidence. Split opinions split cost-benefit math. Garrison, prefect, scholar, and farmer each chase narrow gain and ignore collective ruin. Hence policy stalls and crises multiply.
16
Yu Province's fiscal colonies irrigate under seventy-six hundred qing—three years of grain still misses twenty thousand qing stored. Plain arithmetic forbids hoarding useless ponds—especially under megafloods. Better drain outright than mis-store. Publish orders: restore legitimate Han tanks and private hill ponds while auditing outlets. Break Wei-era vanity dikes and accidental reed lakes. Magistrates lead winter crews under emergency law; drain before freeze-up; pay wages to proven workers. Patch legacy channels per Han surveys; schedule winter repairs when southeast garrisons rotate and lend a month's labor. Rivers keep beds; Han peasants thronged yet stayed dry—breaching repeats proven history. Du Yu believes draining beats debating.
17
Luoyang approved.
18
使
Post-conquest ministers cited edicts: princes should live off fiefs, not Luoyang acreage. Until each prince had a manor, they needed urban quarters plus suburban hay plots. Cap each noble to one city residence. Rank land grants at fifteen, ten, or seven qing by kingdom size. Nobles owning only suburban farms could stay.
19
調綿 殿殿
Household taxes fixed three bolts plus three jin for adult males; female-headed halved it. Border counties paid two-thirds or one-third rates by distance. Non-Han households paid tribute cloth—one bolt, or one zhang farther out. Allocation ceilings ran seventy mu per man, thirty per woman. Taxable assignment: fifty mu for men, twenty for liable women, half for youths—other women exempt. Primary adults spanned sixteen to sixty; teens and early seniors were secondary; children and elders skipped service. Frontier tribes paid symbolic grain—three hu default, tapering to poll cash. Nine-rank officials carved fifty down to ten qing by grade. Each grade sheltered kin across nine lines or three by seniority. Royals, honored houses, and scholar lines matched those shelters. Salary slots extended to registered bondsmen—three clients for sixth rank and above, tapering to one for petty guards and cadet halberdiers. Tenant quotas scaled from fifty households for top ministers to one for lowest nobles.
20
滿
Peace brought balanced levies and satisfied farmers. Post-Hui decay peaked at Yongjia's collapse. East of Chang'an people pawned kin and scattered countless. Six northern provinces saw locusts eat every blade and bristle. Plague layered on hunger. Raids added corpses damming streams and whitening fields. Liu Yao's advance forced a Cangyuan relocation debate. Cannibalism met epidemic while nine-tenths of the bureaucracy ran.
21
殿 宿使 使 使 使 使 西 使 使西使 使 西
As prince, Yuan Di graded prefects on harvest figures. Nonessential troops farmed for their own mess halls. An edict pushed autumn wheat on Xu–Yang soils to bridge crop seasons. Han once sent Fan Shengzhi to triple-capital wheat trials—Guanzhong flourished. Ban tardy planting. Even drought-year wheat beat nothing. Second-year Jiangnan famine killed hundreds until Deng You broke granaries. Yuan Di tasked Yu Tan and Huan Yi to dispense grain and cut corvée. Ying Zhan warned: one idle plough meant nationwide hunger. War spending exploded while hundreds of thousands of urban idlers skipped the soil. Expecting plenty without opening revenue defies logic. Ancient wisdom: cold hunger breeds bandits even under sage kings. Extremes let bullies prey—no judge fixes that imbalance. States survive by prizing grain. Cao Cao's colony counsel fed armies without exhausting peasants. Refugees who fled to Wu drifted home when Wu tightened. Jiangxi's idle acres suit quick fire-and-flood clearing. Reset wanderers under Wei-style farm bureaus with merit pay. Year-one grants, year-two split levies, year-three full tax—fills granaries fast. He cited Xiao He, Kou Xun, and Zhong Yao anchoring interior bases. The heartland still waits for reconstruction. Fortify Shouchun with a strategist who revives Huai River farms and shelters refugees. Zhao Chongguo's Jincheng colonies broke the western tribes. Zhuge Liang's Wei River farms sustained northern defense. Idle legions should face identical farm quotas.
22
Cheng's field survey taxed one-tenth—three sheng rice per mu. Year six piracy stalled convoys—nobles' spare males hauled six hu each. Years of disaster gutted yields. Xiankang audits exposed over five hundred thousand hu missing from ledgers—ministers fell. Mu's wars drafted one porter per thirteen households. Shengping saw Xun Xian's Stone Turtle paddy enrich Jiankang. Ai cut acre rent to two sheng. Xiaowu junked acre assessments for a three-hu head tax with service exemptions. Year eight raised per-capita grain to five shi. Late Xiaowu brought peace, bumper bins, and near self-sufficiency.
23
便 便 祿
Han five-zhu coin vanished under Wang Mang's monetary chaos. Shu children sang that white-bellied cattle meant returning five-zhu cash. Gossip tied yellow Wang Mang to white-clad Shu. Five-zhu stood for Han restoration. Guangwu voided Mang's token notes. Ma Yuan urged restoring five-zhu metal. The throne agreed. Restored five-zhu coin satisfied markets. Zhang's era faced dear grain and empty treasuries. Zhang Lin blamed cheap copper for universal inflation. He proposed cloth rents and hoarding bronze. State salt sales echoed Emperor Wu's junshu schemes. The memorial went to joint ministry review. Zhu Hui cited ritual: rulers do not haggle markets with peasants. State junshu peddling mimicked street hawkers. Bolt-and-floss taxes invited clerk theft. Imperial salt shops stole retailers' margin. The throne flipped from Zhang Lin to Zhu Hui and back—salt reform died young.
24
Huan's court heard that debased coin caused poverty—mint bigger money. Policy hit the four ministries and Taixue debaters. Liu Tao answered the mint debate.
25
使 使使 便 使
Liu Tao thanked the edict for polling even commoners. Hunger trumped currency. Antiquity synchronized calendars so men farmed and women wove. Grain, not bronze, anchors the realm. Locusts ate shoots while taxes emptied looms. Bellies matter—not mintage specs. Gold paving starving streets buys no loyalty. People endure poverty of coin, never of rice. Mint lobbyists ignored tillage. When treasury thins, mint politics erupts. Ten thousand furnaces cannot feed one hoarder. No furnace satisfies infinite greed. End corvée and predation—wealth follows. Minting while peasants starve broils fish in steam. Misusing wood and water scorches the creatures they sustain. Delay mint schemes; loosen petty-tool bans.
26
The court dropped recoinage.
27
使 便 便
Chuping debasement sent grain to millions per hu. Cao Cao restored five-zhu coin. Without fresh bronze, grain prices slid forever. Wei Wendi voided metal for barter grain and bolts. Wei Mingdi watched soggy grain and tissue-thin silk defeat torture statutes. Sima Zhi argued coin fed treasury and emptied jails. Restoring five-zhu cuts fraud and fills bins. Wei Mingdi's five-zhu carried straight into Jin unchanged. Sun Quan struck heavy disks worth five hundred cash. He added thousand-to-one tokens. Lü Meng's Jingzhou coup earned a hundred-million string bonus. Nominal wealth, worthless metal—markets groaned. Sun Quan melted the bubble coin into bronze ware and stopped minting. Households redeemed hoards at fair melt weight.
28
Eastern Jin recycled Wu coin—large bi-lun disks and medium four-character pieces. Wuxing's Shen Chong clipped 'Shen Lang' petty cash. Thin supply drove bronze dear. Xiaowu warned against melting coin for scrap. Cantonese tribes prized drums—merchants exported heavy Wu coin south to melt into gongs. Ban drum smuggling under penalty. Yuanxing regent Huan Xuan pushed grain-silk currency. Kong Linzhi rebutted him.
29
使 便 便 便 便
Hong Fan ranks grain above currency. Ban mint labor if it steals farm time. Farmers and smiths never mined—they traded. Coin replaced shells because it moved cheaply. Turning food bolts into cash ruins cloth. Bolt currency shredded in merchants' claws. Zhong Yao warned wet grain and gauze silk. Wei torture never stopped bolt fraud. Sima Zhi tied coin to lighter torture. War retired coin late Han—not policy genius. Banning coin now strands savings. Regional glut and dearth even out through cash markets. Wealth rides bronze—cut it and savings rot. Urban cash holders starve if grain alone trades. Coin provinces aren't poorer than barter zones. Long habit resists currency shocks. Proverbs demand hundredfold gain before switching trades—coin beats grain. Wei Mingdi's grain era sparked court-wide remint debates. Every minister voted bronze back. Their unanimous remint proved bolt-money failed. Gossip wrongly credits Wei greed for remint. Jin Wen honored lasting loyalty over quick raids—that framed their monetary ethics. That court weighed eternal policy—not petty mint profits. Had grain topped coin, sages would have kept barter. They reminted from crisis, not whim. Xiaowu's peace showed coin compatible with plenty. Today's want came from spears, not sycee. You, Lord Huan, already preach husbandry—finish that before demonetizing. Peace will fill bellies without banning coin. Fix farms, not mints.
30
Kong Linzhi won the hall; Huan Xuan's barter scheme died.
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