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
The Good Bad Man re-release is preserved at the Library of Congress. On May 31, 2014, a restored print of the 1923 version was shown at the San Francisco Silent Film Festival at the Castro Theatre. This print has an original title at the beginning: "Supervised by D. W. Griffith". Fairbanks biographer Jeffrey Vance finds "The Good Bad Man" fascinating for what it reveals about Fairbanks the man. Vance writes: The Good Bad Man The Good Bad Man is a 1916 American silent Western film directed by Allan Dwan. The film stars Douglas Fairbanks (who also produced and wrote the film) and Bessie Love.