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
Hitler Bad, Vandals Good By comparison, the humor in "Hitler Bad, Vandals Good" is more lighthearted, dealing with subjects such as girlfriends, fast food and hairstyles. The album contains two cover songs. "Come Out Fighting" was originally performed by fellow southern California punk rock band Pennywise and is dedicated to the memory of Pennywise bassist Jason Matthew Thirsk, who had committed suicide the previous year. "So Long, Farwell" is a Rodgers and Hammerstein song from the musical "The Sound of Music", which has here been re-interpreted using electric guitar, bass and drums as the closing song on the album. An independent music video was