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
Herod's Law revolver and is told that the only law is Herod's law: literally translated: "either you get screwed or you get fucked" ("o te chingas o te jodes"). On his way back, he meets a caucasian American on the road when his car breaks down; the American looks under the hood, reconnects a wire and then asks Vargas for hundreds of dollars. He says that he is the mayor of San Pedro and that he is good for the money, then laughing it off as he drives away. Returning to the town, a bribe from Doña Lupe sets him on the