When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good money automatically disappears.
When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the … - Thomas Gresham
When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the …
- Thomas Gresham
[Gresham's Law]: Bad money drives out good money. - Thomas Gresham
[Gresham's Law]: Bad money drives out good money.
Login to join the discussion
Login to join the discussion