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,
Hitler Bad, Vandals Good Hitler Bad, Vandals Good Hitler Bad, Vandals Good is the seventh studio album by the southern California punk rock band The Vandals, released in 1998 by Nitro Records. Much of the album is characterized by the pop-punk music and humorous lyrics for which the band is known, and it became their most popular and commercially successful album to date. While the band has utilized humor as a basis for much of their lyrical content throughout their career, the humor on their previous album "The Quickening" had been rooted heavily in sarcasm and dealt with themes of nihilism, anarchism and apathy.