Medium of exchange was observed as early as Oresme, Copernicus and then in 1558 by Sir Thomas Gresham, that bad money drives out good in any marketplace (Gresham's Law states "Where legal tender laws exist, bad money drives out good money"). A more precise definition is this: "A currency that is artificially overvalued by law will drive out of circulation a currency that is artificially undervalued by that law." Gresham's law is therefore a specific application of the general law of price controls. A common explanation is that people will always keep the less adultered, less clipped, sweated, less filed, less trimmed coin,
The Good The Bad 033". Third album "From 034 to 050" was released in 2012. In March 2010, The Good The Bad were invited to play at South by Southwest festival in Austin, Texas. Continuing their affiliation with the Jail Guitar Doors charity, the band played alongside Billy Bragg, Chris Shiflett (Foo Fighters) and Wayne Kramer (MC5) at the Strummerville/Jail Guitar Doors show. Upon seeing them for first time, Wayne Kramer described The Good The Bad as "an incredible new band". Olsson and Ramdas have also played together in Sort Sol. The Good The Bad The Good The Bad are an instrumental Danish Surf