Everyoneâs eyes fell on Yang Yi, their expressions mixed with confusion and skepticism. Li Yifuâs point was validâthe priority was to address the problem, and mere rhetoric wouldnât help.
Wu Zhaoâs gaze was filled with anticipation, her posture slightly more upright, her eyes gleaming with curiosity.
Yang Yiâs lips curved into a slight smile. He folded his hands and spoke confidently.
âAs for a solution, of course, I have oneâ¦â
âOh?â Wu Zhaoâs eyes sparkled with interest. âMinister Yang, please elaborate.â
Yang Yi spoke with seriousness.
âTo resolve the crisis in Hangzhou, the first step is for the court to intervene and raise the grain pricesâ¦â
Silence.
The hall was enveloped in an eerie quiet. Everyone stared at Yang Yi, stunned and bewildered. The prevailing thought was unanimous: Is this man insane?
Li Yifuâs expression was one of incredulity. He had expected a brilliant idea, but instead, it seemed Yang Yi was merely trying to create chaos.
Grain prices were already high enoughâraising them further would only drive people to desperation.
Wu Zhaoâs eyes twitched with disbelief. After a pause, she spoke with difficulty.
âMinister Yang, are you mistaken?â
âWe are trying to save these people, not push them to their deathsâ¦â
Shangguan Wanâer was equally stunned. She could scarcely believe that Minister Yang would propose such a counterproductive plan. With the prices already sky-high and public sentiment in turmoil, increasing the prices would invite severe backlash against the court.
Yang Yiâs smile widened.
âYour Majesty, I am indeed proposing a solution that will ultimately save the people.â
âAnd raising the grain prices is the first step toward that goalâ¦â
Li Yifu sneered, his gaze sharp and accusatory.
âMinister Yang, are you aware that current grain prices are already ten times higher than usual? Do you understand the consequences of raising them further?â
The other officials exchanged glances of disappointment. They had hoped for a revolutionary idea from this young man, but it seemed he was merely speaking nonsense.
Food, clothing, housing, and transportation tend to have stable prices, with fluctuations reflecting the state of the domestic economy. A tenfold increase in grain prices has already made life difficult for the people. If prices continue to rise, a revolt could be imminent.
Yang Yi disregarded Li Yifuâs sarcasm and smiled.
âAs a result, the grain merchants will be overjoyedâ¦â
Everyone stared in bewilderment.
Wu Zhaoâs concern grew as she tried to piece together Yang Yiâs logic. His plan seemed to be creating more problems rather than solving them. Her expression hardened.
âMinister Yang, the situation in Hangzhou is already very complicated. We cannot afford to make matters worse.â
Although she admired Yang Yiâs talents, she couldnât ignore the potential disaster his plan might cause. The people of Hangzhou could revolt if conditions deteriorated further.
Yang Yi spread his hands helplessly.
âYour Majesty, I assure you, I am not fooling around.â
âThe court should not only buy grain at high prices but also close the granaries and halt the distribution of relief grain.â
The room fell into stunned silence.
Several officials gasped, unable to believe what they had just heard. They had thought exploiting the people was bad, but Yang Yiâs proposal to halt relief grain distribution seemed even more extreme. Was he trying to starve the entire city?
Li Yifuâs eyes widened in shock. Was this boy attempting to force a rebellion or condemn the people to starvation?
Shangguan Wanâer looked at Yang Yi with disbelief. Had he lost his mind? Such a proposal was almost unthinkable.
Wu Zhaoâs anger flared. Her forehead veins pulsed, and her tone was sharp.
âYang Yi, besides making unscrupulous merchants happy and causing the people to suffer, what benefit does your plan offer?â
Everyone nodded in agreement, their expressions reflecting their unease.
Li Yifuâs eyes narrowed with satisfaction. It seemed this young man had dug his own grave with such a plan, as if fate had dealt its hand.
Yang Yi remained calm, his smile unwavering.
âWhy are the grain traders hoarding and speculating?â
âCurrently, grain prices are ten times higher than before, having risen from five qian per dou to fifty cents per bucket. Even I am tempted, let alone the grain merchants.â
âIf the court buys grain at sixty cents per bucket and stops distributing relief grain, the price in Hangzhou could skyrocket to an unprecedented high, possibly reaching two hundred cents per bucket!â
âSuch exorbitant prices will inevitably spread across the country, causing envy among grain merchants everywhere. Merchants are driven by profit. If they can sell grain locally for five or six cents per bucket but fetch hundreds of cents per bucket in Hangzhou, the profit margin is astronomical. How could they resist? Grain traders from all over the country will flock to Hangzhou when they hear this news!â
âIn their eyes, Hangzhou will become a piece of fat meat, and they will come running to seize their share.â
Everyone frowned but couldnât help but nod slightly. Yang Yiâs analysis was indeed logical, though the implications seemed troubling. With such high prices, the common people would find it even harder to afford food.
Li Yifu scoffed. âThis move will only benefit the greedy merchants. Whatâs the point?â
Yang Yi glanced at Li Yifu with a smirk. âMinister Li, as the Minister of Finance, you should have a better grasp of economic principles. I wonder what use you are in your position if you lack such understanding. It seems youâre just holding a title without any real responsibility.â
Li Yifuâs face flushed with anger, his finger trembling as he pointed at Yang Yi. âHow dare youâ¦â
Yang Yi met the gazes of the others, his smile widening as he revealed his teeth, like a tiger baring its fangs.
âGrain merchants from all over the country will bring large quantities of grain to Hangzhou. If the court suddenly announces the end of the high-priced grain purchases, what will these merchants do with their grain if the people canât afford it?â
âThe court can then release the previously stored grain and open the granaries!â
âEven if the relief grain isnât much, it will ensure that people donât starve for a few more days. Will anyone still be willing to buy the high-priced grain from those merchants?â
âAt that point, the merchants will be sitting on large quantities of unsold grain at the Hangzhou docks. If they leave, theyâll incur high transportation costs. Will they be willing to accept such a loss?â
âIn this scenario, the court can gather all the grain merchants and offer to buy their grain at a lower price, say six cents a bucket. Most of them will not refuse, because returning with unsold grain would result in greater losses. Selling to the government at a lower price is a better option to mitigate their losses. This way, the government can stockpile a significant amount of low-priced grain.â
âThis influx of low-priced grain will flood the Hangzhou market. Grain prices will inevitably collapse, dropping from hundreds of cents a bucket to just a few cents. The unscrupulous merchants who had raised prices will be forced to lower them, even if it means taking a loss. They will have no choice but to sell, or their high-priced grain will rot.â
âAt that point, the grain shortage in Hangzhou will be resolved, and prices will return to their previous levels or even lower. The people will finally be able to afford grain.â
âI ask you all, does this strategy not solve the crisis in Hangzhou?â