Gresham's law India. Gresham's law states that any circulating currency consisting of both "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is because people spending money will hand over the "bad" coins rather than the "good" ones, keeping the "good" ones for themselves. Legal tender laws act as a form of price control. In such a case, the intrinsically less valuable money is preferred in exchange, because people prefer to save the intrinsically more valuable money. Consider a customer purchasing an item which costs five
The Good, The Bad & The 4-Skins The Good, The Bad & The 4-Skins The Good, The Bad & The 4-Skins is the first album by English punk rock/Oi! band, The 4-Skins. Released in June 1982 on Secret Records, the album topped the UK independent and punk charts, and entered the Top 100 of the UK Albums Chart. Side A of the original LP contained studio recordings, and Side B featured live versions of several previously released songs. The album was later combined with follow-up release, "A Fistful Of...4-Skins" (omitting the track "One Law for Them" due to space limitations) and released on a single CD by