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 Girl Gone Bad beats bury her personality, and the summery reggae of her first two albums is sorely missed." Robert Christgau of MSN Music cited "Umbrella" as a "choice cut", indicating "a good song on an album that isn't worth your time or money". At the 2008 Grammy Awards ceremony, "Good Girl Gone Bad" received seven Grammy Awards nominations, including Record of the Year and Song of the Year for "Umbrella", Best Dance Recording for "Don't Stop the Music", Best R&B Performance by a Duo or Group with Vocals and Best R&B Song for "Hate That I Love You". It won the accolade