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
Bad for Good Steinman recorded the album, retitled "Bad for Good", as a solo project, although Rory Dodd contributed lead vocals on some songs. Many musicians and backing vocalists from "Bat Out of Hell" performed on "Bad for Good", including Roy Bittan and Max Weinberg from Bruce Springsteen's E Street Band. Like "Bat Out of Hell", Richard Corben illustrated the cover. Describing the cover, "Sounds" magazine says "the flesh, the puppy-fat on the mid-calf, the breasts, the upturned American nose ... Corben's evocation of teenage femininity is so right! The cover, though, is the product of an alternative universe, like everything else about