Gresham's law
From The Art and Popular Culture Encyclopedia
(Redirected from Gresham's Law)
|
Related e |
|
Featured: |
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
[edit]
See also
- Adverse selection
- Free silver
- Junk silver, coins collected specifically for the value of their silver content
- Lemon socialism
- List of eponymous laws
- List of multiple discoveries
- Metal theft
- Penny debate in the United States
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Gresham's law" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
