However, it was not a long-term solution as half of the central bank's money was from the general population.
If there were mass withdrawals, it could potentially lead to a bank run unless he prints a ton of food stamps to match.
At the sa ti, limiting withdrawals would only hurt people's incentive to keep their money in the bank.
There was also no backup, as the central bank was the only bank that he had allowed to be created.
From his business venture as Songming, he knew that the hardest thing was to develop trust from the general population.
"Have you co up with a solution yet?"
Yuqi smirked as she could tell that Xiaoyun's mind was stuck on solving this crisis.
She had clearly read the docunt before handing it over to Xiaoyun, and her face clearly indicated that she had already devised a plan.
But for so reason, Xiaoyun's mind didn't want to admit defeat as a sense of competition engulfed his heart.
"I got this. I'm a professional in this field."
"Okay then... Just tell when you got the solution to it."
As Xiaoyun turned his attention back to the docunt, his mind was still fixated on coming up with an idea.
The simplest solution was to raise more money and establish rules to prevent withdrawals.
Using law was instantly ruled out, as he already ntioned earlier, with credibility.
It left the other solution of handing the money to him by their own will, not wanting to withdraw it.
"Bonds... More Bonds." Xiaoyun thought to himself that it was the easiest way to raise money.
At the sa ti, he already still has a bunch of war bonds that he hasn't even paid back yet.
Raising bonds again so soon just didn't seem to be a good idea, at least not until he paid it back first.
"Fuck, I give up. Yuqi, what plan do you have for this?" Xiaoyun asked as he looked over at her with a pleading face.
"Now you're giving up... Hmm, I don't feel like helping anymore. But if soone fulfills my wish——"
"I can fulfill it. Just help solve this damn annoying problem. I don't have the patience to deal with this anymore."
"Okay, you promised."
After Xiaoyun nodded, Yuqi took out a piece of paper from her desk drawer.
"We'll just release the new version of the money early and allow for an exchange rate of 1 food stamp for 5 new dollars.
And then we print 2 tis the amount, giving us more than half of the total money supply for free."
"Huh?"
XIaoyun froze as he read the paper that Yuqi had handed over, with thousands of questions popping into his head.
But one key idea took over all his rational thoughts.
"Isn't this going to cause mass inflation through the roof? We don't have goods to back up the money supply." Xiaoyun argued.
"It's fine. Trust , we already have too little money in the market to be spent.
The market can handle a moderate amount of inflation... Besides, it's not like we're going to spend all of it in a single day."
After hearing Yuqi's explanation, Xiaoyun was sowhat convinced, but the idea of 2x still seed a bit crazy to him.
"You know, I was thinking of 10x the amount of money supply. I hate using one food stamp valued as three dollars instead of one anyway."
"Never mind, let's just go with this plan."
Xiaoyun instantly accepted Yuqi's idea of 2x the money supply with the new dollars, as 10x sounds beyond rationality.
"Okay. Then I'm going to send the letter over to the central bank... Finally, I got to use the new dollar bill instead of food stamps."
With the financial aspects out of the way, Xiaoyun could finally put the two docunts aside, as three more docunts lay before him.
"When is this going to end?" Xiaoyun complained as he started to get bored of reading so much.
"Shouldn't have taken that long of a break then," Yuqi smirked again as she started typing on her computer.
As he flipped open the third docunt, he was surprised to see a fully sealed report from Renqin.
With the bold letter top secret, Xiaoyun slowly opened it to see what it was.
It was a report about traces of a secret society once again rearing its ugly head in Guangxi out of all places.
There were even pictures zood all the way in of what seed to be trucks driving into mountain tunnels.
Combined with the map stating the place was a laboratory before the outbreak and overequipped guards at the entrance.
Sothing was being hidden inside the mountain.
A heavily guarded place that had no strategic value was clearly only what a secret society he had faced in the past would do.
On top of the agent's contract with local resistance stating people were missing occasionally, it was clear what was happening.
"Annoying sewer rats..." Xiaoyun thought to himself as he closed the docunt.
There was nothing much he could do, at least not until he had secured one of the flanks and Zhaoqing.
At the sa ti, he had connected the dots with Yezi's report of a zombie horde located in Guangxi.
It was a real possibility the secret society was directing the zombie horde to attack him.
"Just two more."
As Xiaoyun turned his attention to the fifth docunt, he was surprised to see it coming from the Departnt of Labor.
Opening and reading the paper inside, he was bombarded with a list of complaints that had been selected.
Almost 80% of them were individuals being taken advantage of by private businesses.
anwhile, the other 20% faced the sa issue, but against mostly governnt companies that had been shifted into worker-owned.
"So many violations... Yuqi, you know about this?" Xiaoyun asked as he handed the paper over to her.
"Yeah... It's just the cost of doing business. Most of them already paid their fines or reached an agreent with their workers."
Despite Yuqi's answer, Xiaoyun wasn't satisfied with it at all.
In his mind, the workers were only compromising with their boss because they had no position to negotiate.
"Why are you frowning?" Yuqi curiously asked.
"Nothing..."
Xiaoyun remained silent, knowing this issue was a systemic problem that no governnt in the world had solved.
He couldn't even say he had protected all of his workers in the past with fairness in mind.
The existence of competition was a driving factor for growth but also an instability threat he couldn't resolve.
Shifting his economic policy away from a fully planned economy ant he had no way of reversing it.
He wouldn't do it even if he could, as the efficiency of the competition had raised people's standard of living much greater than before.
Still, an alarm was raised as it was clear sothing had to be done to reduce the frequncy of labor laws being violated.
"Yuqi, what do you think if we strictly enforced labor laws and fined businesses progressively per violation?"
Hearing Xiaoyun's question, Yuqi froze for a second before looking at him as if she were looking at so sort of rare panda.
"Are you out of your mind? Too many things will be affected if we enforce it too hard.
We have already tried our best to facilitate a compromise. If we enforce it, entrepreneurs will be extrely hard to find."
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Xiaoyun understood what Yuqi was trying to imply, and he also agreed with the economic growth it brought.
At the sa ti, this created wealth inequality for a settlent that only controlled three cities.
He could already imagine that as more cities ca under their control, the problem would only get worse.
Sooner or later, he would face an upper class that wields massive influence and would start making demands.
Not wasting any more ti, Xiaoyun took out his phone before dialing Yueyue's number.
"Look who decided to call ... What do you want?"
"Can you co over to the Yuqi's office for a second? We want to talk to you about sothing."
Hearing the urgency in Xiaoyun's voice, Yueyue said yes before hanging up the phone.
"Whose 'we?' Why did you call Yueyue?" Yuqi asked in confusion as she started to have a bad feeling.
"I'm going to enforce labor laws——"
"You what? You can't be serious. Our private sector just started to grow in values."
"Yuqi, you don't understand. We are the governnt, not a profit-driven company.
There is no point in economic growth if people don't support us. Qiqi, people are the key."
"But... how about we set the regulation after we have settled down? A drastic reform during warti doesn't sound safe."
Xiaoyun shook his head as he rejected Yuqi's suggestion to wait it out.
"Because we're at war, it's the best ti to have people get in line. There is no better ti than now.
People are much more willing to accept changing now than at peace ti where everything is settled down."
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