Gresham's law Crown in the city of Antwerp, to explain to Queen Elizabeth I what was happening to the English shilling. Her father, Henry VIII, had replaced 40 percent of the silver in the coin with base metals, to increase the government's income without raising taxes. Astute English merchants and even ordinary subjects would save the good shillings from pure silver and circulate the bad ones; hence, the bad money would be used whenever possible, and the good coinage would be saved and disappear from circulation. Gresham was not the first to state the law which took his name. The phenomenon had
Good Girls Go Bad Good Girls Go Bad "Good Girls Go Bad" is a song by American pop band Cobra Starship with guest vocals by Leighton Meester. It was the first single released from their third studio album, "Hot Mess". The song was released digitally through iTunes on May 11, 2009. On May 8, 2009, "Good Girls Go Bad" made its radio debut on KIIS-FM with Ryan Seacrest's show. The song was produced by former "American Idol" judge Kara DioGuardi and Kevin Rudolf. The song went on to become Cobra Starship and Leighton Meester's first US hit and top 10, peaking at number seven