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Gresham's law

created by Tem42

(idea) by Tem42 (8.1 hr) (print)   ?   (I like it!) Fri Feb 18 2000 at 4:29:59

"Bad money drives out good money"
-Sir Thomas Gresham (1519 - 1579)

When there are two different types of coin in circulation, the less valuable will remain in circulation, while the more valuable will be hoarded and eventually disappear from circulation.


printable version
chaos

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