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, The Bad, and the Indifferent The Good, The Bad, and the Indifferent The Good, the Bad, and the Indifferent is a collection of short stories by American author Joe R. Lansdale, dating from his early career, published in 1997 as a limited edition by Subterranean Press. Many of the stories were never published before and none of which have ever been collected before. This book has sold out both the numbered and lettered editions. The title is a play on Sergio Leone's western film "The Good, the Bad and the Ugly". It is the part of a trilogy-of-sorts of Lansdale anthologies, preceded by "A Fist