Gresham's Law

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo gptkb:currency
bimetallism
monetary systems
gptkbp:category Economics
Finance
Monetary theory
gptkbp:citation gptkb:Adam_Smith
gptkb:The_Wealth_of_Nations
gptkbp:contrastsWith gptkb:Thiers'_Law
gptkbp:describes the tendency of bad money to drive out good money from circulation
gptkbp:example 19th-century bimetallic standards
hyperinflation scenarios
pre-1965 US silver coins
gptkbp:explains effects of fixed exchange rates between metals
why undervalued currency disappears from circulation
gptkbp:firstDescribed letter to Queen Elizabeth I
gptkbp:formedBy gptkb:Sir_Thomas_Gresham
16th century
https://www.w3.org/2000/01/rdf-schema#label Gresham's Law
gptkbp:influenced gptkb:economic_policy
gptkbp:languageOfOrigin English
gptkbp:namedAfter gptkb:Thomas_Gresham
gptkbp:relatedTo gptkb:economic_policy
currency debasement
legal tender laws
gptkbp:bfsParent gptkb:Sir_Thomas_Gresham
gptkbp:bfsLayer 6