Gresham's law the creditor must accept such money at face value. Nobel Prize winner Robert Mundell believes that Gresham's Law could be more accurately rendered, taking care of the reverse, if it were expressed as "Bad money drives out good "if they exchange for the same price"." The reverse of Gresham's Law, that good money drives out bad money whenever the bad money becomes nearly worthless, has been named "Thiers' law" by economist Peter Bernholz in honor of French politician and historian Adolphe Thiers. "Thiers' Law will only operate later [in the inflation] when the increase of the new flexible exchange rate
The Good, The Bad & The 4-Skins The Good, The Bad & The 4-Skins The Good, The Bad & The 4-Skins is the first album by English punk rock/Oi! band, The 4-Skins. Released in June 1982 on Secret Records, the album topped the UK independent and punk charts, and entered the Top 100 of the UK Albums Chart. Side A of the original LP contained studio recordings, and Side B featured live versions of several previously released songs. The album was later combined with follow-up release, "A Fistful Of...4-Skins" (omitting the track "One Law for Them" due to space limitations) and released on a single CD by