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 Bad Not Evil Good Bad Not Evil Good Bad Not Evil is the fourth studio album by garage rock band Black Lips. The album was recorded in December 2006 and released on September 11, 2007. The title is a reference to the Shangri-Las song, "Give Him a Great Big Kiss". "Good Bad Not Evil" has received generally positive reviews. On the review aggregate site Metacritic the album has a score of 73 out of 100, indicating "Generally favorable reviews." Several songs from "Good Bad Not Evil" have appeared in films. "Bad Kids" and "Veni Vidi Vici" were featured in "(500) Days of Summer".