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,
The Good Bad Egg all of Florabell's fine chinaware. "The Good Bad Egg" is a remake of the Andy Clyde short film "Knee Action" (1937). The Good Bad Egg The Good Bad Egg was an American comedy short released by Columbia Pictures on March 20, 1947, starring Joe DeRita, who later joined the Three Stooges and became "Curly Joe" DeRita, and featuring Dorothy Granger, and Norman Ollestead. This was the second of four shorts in the Joe DeRita series produced by Columbia from 1946-1948; all entries were remakes of other Columbia shorts. Joe Priggle (Joe DeRita) is an inventor staying at a rest home