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
Bad for Good of the stolen songs would later appear on "Bad for Good": "Surf's Up", "Left in the Dark" and "Out of the Frying Pan." Meat Loaf jokes that he doesn't think that Steinman ever got over that theft. Meat Loaf lost his voice and was unable to record "Renegade Angel". Steinman says "I spent seven months trying to make a follow-up [to "Bat"] with him, and it was an infernal nightmare. He had lost his voice, he had lost his house, and he was pretty much losing his mind." Not being able to "bear for people not to hear those songs,"