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Thomas Gresham Quotes

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Thomas Gresham Quotes: "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 good money automatically disappears.


Thomas Gresham

Thomas Gresham Quotes: "[Gresham's Law]: Bad money drives out good money."

[Gresham's Law]: Bad money drives out good money.


Thomas Gresham