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, and the Indifferent The Good, The Bad, and the Indifferent The Good, the Bad, and the Indifferent is a collection of short stories by American author Joe R. Lansdale, dating from his early career, published in 1997 as a limited edition by Subterranean Press. Many of the stories were never published before and none of which have ever been collected before. This book has sold out both the numbered and lettered editions. The title is a play on Sergio Leone's western film "The Good, the Bad and the Ugly". It is the part of a trilogy-of-sorts of Lansdale anthologies, preceded by "A Fist