Gresham's law 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 in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1860 by Henry Dunning Macleod, after Sir Thomas Gresham (1519–1579), who was an English financier during the Tudor dynasty. However, there are numerous predecessors. The law had been stated earlier by Nicolaus Copernicus; for this reason, it is occasionally known as the Gresham–Copernicus law. It was also
Good Calories, Bad Calories "well-researched" and opines that Taubes’s conclusions are "somewhat startling yet surprisingly convincing." Journalism professor and food author Michael Pollan describes "Good Calories, Bad Calories" as "valuable" but believes that it "does not escape the confines of nutritionism." "New York Times" medical reporter Gina Kolata concluded that she was ultimately "not convinced" by Taubes’s arguments, writing that "the problem with a book like this one, which goes on and on in great detail […] is that it can be hard to know what has been left out." Laura Vanderkam reviewed the book somewhat negatively in "The American", the journal of the