Gresham's law and of the rate of inflation lower the real demand for the inflating money." The principles of Gresham's law can sometimes be applied to different fields of study. Gresham's law may be generally applied to any circumstance in which the true value of something is markedly different from the value people are required to accept, due to factors such as lack of information or governmental decree. In the market for used cars, lemon automobiles (analogous to bad currency) will drive out the good cars. The problem is one of asymmetry of information. Sellers have a strong financial incentive to pass
Herod's Law revolver and is told that the only law is Herod's law: literally translated: "either you get screwed or you get fucked" ("o te chingas o te jodes"). On his way back, he meets a caucasian American on the road when his car breaks down; the American looks under the hood, reconnects a wire and then asks Vargas for hundreds of dollars. He says that he is the mayor of San Pedro and that he is good for the money, then laughing it off as he drives away. Returning to the town, a bribe from Doña Lupe sets him on the