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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
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"Thomas Gresham Quotes." Quoteslyfe.com, 2024. Wed. 18 Dec. 2024. <https://www.quoteslyfe.com/quote/When-depreciated-mutilated-or-debased-coinage-or-1106028>.





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Other quotes of Thomas Gresham


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

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





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This page presents the quote "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.". Author of this quote is Thomas Gresham. This quote is about metals, money, circulation, good money, disappear, currency, term,.