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
The Good Bad Egg all of Florabell's fine chinaware. "The Good Bad Egg" is a remake of the Andy Clyde short film "Knee Action" (1937). The Good Bad Egg The Good Bad Egg was an American comedy short released by Columbia Pictures on March 20, 1947, starring Joe DeRita, who later joined the Three Stooges and became "Curly Joe" DeRita, and featuring Dorothy Granger, and Norman Ollestead. This was the second of four shorts in the Joe DeRita series produced by Columbia from 1946-1948; all entries were remakes of other Columbia shorts. Joe Priggle (Joe DeRita) is an inventor staying at a rest home