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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.

Thomas Gresham

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Categorized in : Term Disappear Currency
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[Gresham's Law]: Bad money drives out good money. by Thomas Gresham

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

Thomas Gresham
good-money law
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