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
The Good, the Bad, the Ugly (Frankee album) album four out of five stars, noting Frankee's "straight-up language and bad-ass girl power" and commending the album's division into three segments as "an emotional human rollercoaster." Upon its release, "The Good, the Bad, the Ugly" achieved modest success in the United Kingdom. It debuted at its number 51 peak on the UK Albums Chart dated 21 June 2004. The following week, it fell to number 74, before falling off of the chart entirely. It remains Frankee's only top 100 entry on the UK albums chart. The Good, the Bad, the Ugly (Frankee album) The Good, the Bad, the Ugly