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
Herod's Law revolver and is told that the only law is Herod's law: literally translated: "either you get screwed or you get fucked" ("o te chingas o te jodes"). On his way back, he meets a caucasian American on the road when his car breaks down; the American looks under the hood, reconnects a wire and then asks Vargas for hundreds of dollars. He says that he is the mayor of San Pedro and that he is good for the money, then laughing it off as he drives away. Returning to the town, a bribe from Doña Lupe sets him on the