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
Good to Be Bad concerts were followed by concerts in South America, Europe, Japan and North America. The tour went to forty countries. It ended on 14 June 2009 at Download Festival in Donington Park, UK. Seven songs from the new album were performed. Former Whitesnake band member Adrian Vandenberg guested on two concerts. In November 2008, "Good to Be Bad" won the Classic Rock Award for "Album of the Year". The Dinosaur Rock Guitar forum honored the album with a 2008 Dino Award for "Best Album of the Year". Good to Be Bad Good to Be Bad is the tenth studio album by