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

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


Thomas Gresham
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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.





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This page presents the quote "[Gresham's Law]: Bad money drives out good money.". Author of this quote is Thomas Gresham. This quote is about money, law, good money,.