الخميس، 25 فبراير 2021
الأربعاء، 24 فبراير 2021
Bad money drives out good
Bad money drives out good.
Money of lower intrinsic value tends to circulate more freely than money of higher intrinsic and equal nominal value, though what is recognized as money of higher value being hoarded; English proverb, early 20th century; known as ‘Gresham’s law’ from Thomas Gresham (d. 1579), English financier and founder of the Royal Exchange.
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