Gresham's law Crown in the city of Antwerp, to explain to Queen Elizabeth I what was happening to the English shilling. Her father, Henry VIII, had replaced 40 percent of the silver in the coin with base metals, to increase the government's income without raising taxes. Astute English merchants and even ordinary subjects would save the good shillings from pure silver and circulate the bad ones; hence, the bad money would be used whenever possible, and the good coinage would be saved and disappear from circulation. Gresham was not the first to state the law which took his name. The phenomenon had
Bad for Good of the stolen songs would later appear on "Bad for Good": "Surf's Up", "Left in the Dark" and "Out of the Frying Pan." Meat Loaf jokes that he doesn't think that Steinman ever got over that theft. Meat Loaf lost his voice and was unable to record "Renegade Angel". Steinman says "I spent seven months trying to make a follow-up [to "Bat"] with him, and it was an infernal nightmare. He had lost his voice, he had lost his house, and he was pretty much losing his mind." Not being able to "bear for people not to hear those songs,"