Gresham's law and of the rate of inflation lower the real demand for the inflating money." The principles of Gresham's law can sometimes be applied to different fields of study. Gresham's law may be generally applied to any circumstance in which the true value of something is markedly different from the value people are required to accept, due to factors such as lack of information or governmental decree. In the market for used cars, lemon automobiles (analogous to bad currency) will drive out the good cars. The problem is one of asymmetry of information. Sellers have a strong financial incentive to pass
Good News, Bad News (novel) 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, both secret agents who are mistakenly placed together as employees in a photo kiosk at Oxford Circus. Neither man is aware of the other's real identity. Then a "Frame Thirteen" order comes through, instructing each to assassinate the other. Charlie and George try at first to carry out the