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, and the Indifferent The Good, The Bad, and the Indifferent The Good, the Bad, and the Indifferent is a collection of short stories by American author Joe R. Lansdale, dating from his early career, published in 1997 as a limited edition by Subterranean Press. Many of the stories were never published before and none of which have ever been collected before. This book has sold out both the numbered and lettered editions. The title is a play on Sergio Leone's western film "The Good, the Bad and the Ugly". It is the part of a trilogy-of-sorts of Lansdale anthologies, preceded by "A Fist