Other language: Vietnamese
Good Landlord of the Tang Dynasty.
Chapter 743: Marshal of the Six Paths Troops. [743]
Summary
In ancient times, the price of salt was closely tied to rice, but current prices have surged, complicating trade. Li Chao proposed a unified salt pricing system, but concerns arose about the burden on the people. Li Shi Min insisted on raising prices in line with grain costs, leading to significant increases in salt prices, potentially reaching 80 wen per jin. Despite the ministers' concerns about public backlash, Li Shi Min justified the need for funds due to external threats. Li Chao suggested establishing a state-controlled salt company to raise capital through stock issuance, which was met with approval. Ultimately, they settled on a price structure that aimed to balance revenue needs with public welfare.Full content
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