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
Good News, Bad News (novel) order. But in time they learn that the real problem lies with the organisation for which they both work. As the chase begins, the two men come to understand that things not what they seem, and out pour secrets that will rattle the foundations of the British Intelligence Service. Good News, Bad News (novel) Good News, Bad News is a spy/espionage novel by British author David Wolstencroft. The novel was first published in 2004, and was Wolstencroft's first novel. It was published by BCA by arrangement with Hodder & Stoughton. The novel revolves around two men, Charlie Millar and George,