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, Bad but Beautiful Good, Bad but Beautiful Good, Bad but Beautiful is a 1975 album by Shirley Bassey. In the first half of the decade, Bassey recorded nine albums, with three making the top ten. In March 1975, Bassey released a compilation that became her highest-charting album to date, "The Shirley Bassey Singles Album" (#2), and reflects the momentum Bassey had maintained since her 1970 "comeback". "Good, Bad but Beautiful", released in the autumn of 1975, spent seven weeks on the UK Albums Chart, peaking at #13, and earned a silver disc. The album reflects the formula that brought Bassey back to the