"Can the money from selling titles really cover the deficit in the national treasury?" Zhu Cilang was momentarily caught off guard. "What do you mean by that?"
Ni Yuanlu stood up to help Fang Yuegong explain: "Let me give you an example, Your Highness. Suppose the price for a single title is three taels of silver, and the treasury deficit is ten taels. To fill that gap, the Imperial Court needs to put four titles up for sale, which could fetch twelve taels."
"However, if the merchants learn of the deficit amount beforehand, they will refuse to pay three taels per title and will only offer two and a half. After all, in their eyes, they only need to cover the deficit; there is no reason to spend extra money."
Chapter 908