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
Good Calories, Bad Calories assertions. The human body secretes insulin in response to the consumption of carbohydrates in order to regulate blood sugar. This process, in turn, drives the body to store fat. Taubes elaborates by examining evidence of the effects of carbohydrates on tribes with a "traditional" diet high in meat or fat and low in carbohydrates. He finds that the introduction of refined carbohydrates in the diets in these cultures resulted in increased prominence of diseases of civilization like obesity and heart disease. Reviews were mixed for "Good Calories, Bad Calories". Physician Tony Miksanek, writing in the "Chicago Sun-Times", calls the book