Gresham's law 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 in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1860 by Henry Dunning Macleod, after Sir Thomas Gresham (1519–1579), who was an English financier during the Tudor dynasty. However, there are numerous predecessors. The law had been stated earlier by Nicolaus Copernicus; for this reason, it is occasionally known as the Gresham–Copernicus law. It was also
Bad for Good this album. The nude gymnasium scene is out, along with the other title 'Renegade Angel'." Around this time, Steinman contributed all eight songs for Meat Loaf's album "Dead Ringer", which was also released in 1981. The first two songs, "Bad for Good" and "Lost Boys and Golden Girls", were two of many songs written by Steinman under the inspiration of "Peter Pan" and lost boys who never grow up. This is reflected in lyrics in "Bad for Good" such as "You know I'm gonna be like this forever: I'm never gonna be what I should." The composer says that "Peter