Gresham's law the building of the Temple from the Bible and the Mishna in tractate Bava Metzia () from the Talmud. Ibn Taimiyyah (1263–1328) described the phenomenon as follows: In an influential theoretical article, Rolnick and Weber (1986) argued that bad money would drive good money to a premium, rather than driving it out of circulation. However, their research did not take into account the context in which Gresham had made his observation. Rolnick and Weber ignored the influence of legal tender legislation, which requires people to accept both good and bad money as if they were of equal value. They also
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