Gresham's law and of the rate of inflation lower the real demand for the inflating money." The principles of Gresham's law can sometimes be applied to different fields of study. Gresham's law may be generally applied to any circumstance in which the true value of something is markedly different from the value people are required to accept, due to factors such as lack of information or governmental decree. In the market for used cars, lemon automobiles (analogous to bad currency) will drive out the good cars. The problem is one of asymmetry of information. Sellers have a strong financial incentive to pass
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