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) Hank’s care before he will consider Walt's argument, but is refused. Hank utters that he does not know him anymore, to which Walt replies, "If that's true, if you don't know who I am, then maybe your best course would be to tread lightly." The episode is dedicated to Kevin Cordasco, a sixteen-year-old fan of "Breaking Bad" who had met several members of the series' cast and crew; Cordasco died earlier in 2013 from neuroblastoma. This was the fourth dedication in the history of the series. The term "blood money" is a "double entendre": it means money obtained at the