Gresham's law Crown in the city of Antwerp, to explain to Queen Elizabeth I what was happening to the English shilling. Her father, Henry VIII, had replaced 40 percent of the silver in the coin with base metals, to increase the government's income without raising taxes. Astute English merchants and even ordinary subjects would save the good shillings from pure silver and circulate the bad ones; hence, the bad money would be used whenever possible, and the good coinage would be saved and disappear from circulation. Gresham was not the first to state the law which took his name. The phenomenon had
The Good The Bad 033". Third album "From 034 to 050" was released in 2012. In March 2010, The Good The Bad were invited to play at South by Southwest festival in Austin, Texas. Continuing their affiliation with the Jail Guitar Doors charity, the band played alongside Billy Bragg, Chris Shiflett (Foo Fighters) and Wayne Kramer (MC5) at the Strummerville/Jail Guitar Doors show. Upon seeing them for first time, Wayne Kramer described The Good The Bad as "an incredible new band". Olsson and Ramdas have also played together in Sort Sol. The Good The Bad The Good The Bad are an instrumental Danish Surf