Gresham's law 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 in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1860 by Henry Dunning Macleod, after Sir Thomas Gresham (1519–1579), who was an English financier during the Tudor dynasty. However, there are numerous predecessors. The law had been stated earlier by Nicolaus Copernicus; for this reason, it is occasionally known as the Gresham–Copernicus law. It was also
Bad for Good Bad for Good Bad for Good is a 1981 album by American songwriter Jim Steinman. Steinman wrote all of the songs and performed on most, although Rory Dodd contributed lead vocals on some tracks. The songs were originally intended to be recorded by Meat Loaf as a follow up to "Bat Out of Hell", titled "Renegade Angel". However, Meat Loaf suffered vocal problems and was unable to sing. He would record several tracks from "Bad for Good" for his later albums. The critical reaction to the album was mixed. Many reviews commented that Steinman's singing voice was inadequate for the