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
Good Times Bad Times Good Times Bad Times "Good Times Bad Times" is a song by the English rock band Led Zeppelin, featured as the opening track on their 1969 debut album "Led Zeppelin". The song was released as a single in the US, where it reached the Billboard Hot 100 chart. For the lead guitar solo, guitarist Jimmy Page fed the output from his Fender Telecaster guitar through a Leslie speaker to create a swirling effect. Jones says that the riff he wrote for this song was the most difficult one he ever wrote. "Good Times Bad Times" was rarely played live at