Gresham's law India. Gresham's law states that any circulating currency consisting of both "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is because people spending money will hand over the "bad" coins rather than the "good" ones, keeping the "good" ones for themselves. Legal tender laws act as a form of price control. In such a case, the intrinsically less valuable money is preferred in exchange, because people prefer to save the intrinsically more valuable money. Consider a customer purchasing an item which costs five
Good Calories, Bad Calories "well-researched" and opines that Taubes’s conclusions are "somewhat startling yet surprisingly convincing." Journalism professor and food author Michael Pollan describes "Good Calories, Bad Calories" as "valuable" but believes that it "does not escape the confines of nutritionism." "New York Times" medical reporter Gina Kolata concluded that she was ultimately "not convinced" by Taubes’s arguments, writing that "the problem with a book like this one, which goes on and on in great detail […] is that it can be hard to know what has been left out." Laura Vanderkam reviewed the book somewhat negatively in "The American", the journal of the