Gresham's law of news. Gregory Bateson postulated an analogue to Gresham's Law operating in cultural evolution, in which "the oversimplified ideas will always displace the sophisticated and the vulgar and hateful will always displace the beautiful. And yet the beautiful persists." Gresham's law has been cited as "Silver currency will inevitably force gold currency out of circulation" (L. Pyenson, Servants of Nature (W.W. Norton, 1999) p. 21); this suggests a fundamental misinterpretation, cf. Mundell (above). Gresham's law In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money
Good Times Bad Times Good Times Bad Times "Good Times Bad Times" is a song by the English rock band Led Zeppelin, featured as the opening track on their 1969 debut album "Led Zeppelin". The song was released as a single in the US, where it reached the Billboard Hot 100 chart. For the lead guitar solo, guitarist Jimmy Page fed the output from his Fender Telecaster guitar through a Leslie speaker to create a swirling effect. Jones says that the riff he wrote for this song was the most difficult one he ever wrote. "Good Times Bad Times" was rarely played live at