Medium of exchange was observed as early as Oresme, Copernicus and then in 1558 by Sir Thomas Gresham, that bad money drives out good in any marketplace (Gresham's Law states "Where legal tender laws exist, bad money drives out good money"). A more precise definition is this: "A currency that is artificially overvalued by law will drive out of circulation a currency that is artificially undervalued by that law." Gresham's law is therefore a specific application of the general law of price controls. A common explanation is that people will always keep the less adultered, less clipped, sweated, less filed, less trimmed coin,
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