Gresham’s Law

E1406798 UNEXPLORED

Gresham’s Law is an economic principle stating that “bad money drives out good,” meaning that when two forms of money with the same face value but different intrinsic values circulate together, the more valuable money tends to disappear from circulation.

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Gresham's law 1
Gresham’s Law canonical 1

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Sir Thomas Gresham hasLawNamedAfter Gresham’s Law
Money and the Mechanism of Exchange mainSubject Gresham's law
linked to: Gresham’s Law