Gresham's law the creditor must accept such money at face value. Nobel Prize winner Robert Mundell believes that Gresham's Law could be more accurately rendered, taking care of the reverse, if it were expressed as "Bad money drives out good "if they exchange for the same price"." The reverse of Gresham's Law, that good money drives out bad money whenever the bad money becomes nearly worthless, has been named "Thiers' law" by economist Peter Bernholz in honor of French politician and historian Adolphe Thiers. "Thiers' Law will only operate later [in the inflation] when the increase of the new flexible exchange rate
Hitler Bad, Vandals Good By comparison, the humor in "Hitler Bad, Vandals Good" is more lighthearted, dealing with subjects such as girlfriends, fast food and hairstyles. The album contains two cover songs. "Come Out Fighting" was originally performed by fellow southern California punk rock band Pennywise and is dedicated to the memory of Pennywise bassist Jason Matthew Thirsk, who had committed suicide the previous year. "So Long, Farwell" is a Rodgers and Hammerstein song from the musical "The Sound of Music", which has here been re-interpreted using electric guitar, bass and drums as the closing song on the album. An independent music video was