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
Alexander and the Terrible, Horrible, No Good, Very Bad Day Alexander says tomorrow things must not get any worse. On Saturday, January 13, 1990, the book was adapted into a 30-minute animated musical television special that was produced by Klasky Csupo and aired on HBO in the United States. While the special is mostly true to the book, the following differences are: This special features 12 more bad things for Alexander: The special also includes 4 good things to show the audience that even a bad day can have something good in it: Although mentioned, the three following bad things are not shown in the special: The special also included