Gresham's law the creditor must accept such money at face value. Nobel Prize winner Robert Mundell believes that Gresham's Law could be more accurately rendered, taking care of the reverse, if it were expressed as "Bad money drives out good "if they exchange for the same price"." The reverse of Gresham's Law, that good money drives out bad money whenever the bad money becomes nearly worthless, has been named "Thiers' law" by economist Peter Bernholz in honor of French politician and historian Adolphe Thiers. "Thiers' Law will only operate later [in the inflation] when the increase of the new flexible exchange rate
Bad for Good Steinman recorded the album, retitled "Bad for Good", as a solo project, although Rory Dodd contributed lead vocals on some songs. Many musicians and backing vocalists from "Bat Out of Hell" performed on "Bad for Good", including Roy Bittan and Max Weinberg from Bruce Springsteen's E Street Band. Like "Bat Out of Hell", Richard Corben illustrated the cover. Describing the cover, "Sounds" magazine says "the flesh, the puppy-fat on the mid-calf, the breasts, the upturned American nose ... Corben's evocation of teenage femininity is so right! The cover, though, is the product of an alternative universe, like everything else about