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
Alexander and the Terrible, Horrible, No Good, Very Bad Day and the cat says he wants to sleep with Anthony (but not Alexander). In the end, Alexander says it has been a terrible, horrible, no good very bad day for him. His mother says to him that some days are like that, even in Australia. A running gag throughout the book is Alexander repeating several times that he wants to move to Australia because he thinks it is better there. It ends with his mother's assurance that everybody has bad days, even those who live there. In the Australian and New Zealand versions, he wants to move to Timbuktu instead.