Biblonia

Biblonia

Bad ideas attract the good

biblonia
Nov 09, 2020
∙ Paid

According to Gresham's Law, bad money drives out good. Known since Aristophanes, this law states that undervalued, or more value-stable currency would eventually be put out of circulation by an overvalued, or value-losing currency, when both currencies are allowed on the market. Faced with the choice of keeping both in circulation or keeping one for the…

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