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
Blood Money (Breaking Bad) the deaths of Drew Sharp and (he assumes) Mike Ehrmantraut. He gives all the money he received from Walt to Saul Goodman and asks him to deliver it to Mike's granddaughter and Drew's family. Saul refuses, advising it would raise suspicions, and reports this to Walt. Walt visits Jesse to return his money and lies to him, telling him that Mike is probably still alive somewhere and doesn't need help taking care of his granddaughter. Jesse is still distressed and later gives a $10,000 bundle to a homeless man. He then drives through a neighborhood throwing more bundles of cash