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While Qi Xuansu was dealing with enemies and allies on the Southern Continent, Zhang Yuelu had to deal with internal strife within the Daoist Order.
The problem lay in the fact that everyone’s interests were entangled.
Zhang Yuelu had to carry out internal reforms and redistribute wealth while, at the same time, maintaining economic growth, preventing regression, and ensuring that fiscal and tax revenues remained stable. She was currently standing at the center of a storm, with countless people wishing to send her away, so she could not afford to hand her opponents any leverage against her.
During this period, Zhang Yuelu had gained a deeper understanding of the theories she had learned at the Wanxiang Daoist Palace through experience.
At the beginning, outward expansion could be used to attract external capital, enlarging the overall economic pie and ushering in an entirely new era unlike any previous dynasty.
If that path reached its limits, development would have to be achieved through internal debt expansion.
Such internal debt was not a matter of oppressive taxation or exploitation. Rather, it involved using certain necessities to induce society to assume debt. These could be tea, salt, iron, housing, or land. During this process, a period of rapid development would inevitably occur. However, this model was unsustainable. Once debt grew too high, the burden...
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