Gresham's law and of the rate of inflation lower the real demand for the inflating money." The principles of Gresham's law can sometimes be applied to different fields of study. Gresham's law may be generally applied to any circumstance in which the true value of something is markedly different from the value people are required to accept, due to factors such as lack of information or governmental decree. In the market for used cars, lemon automobiles (analogous to bad currency) will drive out the good cars. The problem is one of asymmetry of information. Sellers have a strong financial incentive to pass
Alexander and the Terrible, Horrible, No Good, Very Bad Day and the cat says he wants to sleep with Anthony (but not Alexander). In the end, Alexander says it has been a terrible, horrible, no good very bad day for him. His mother says to him that some days are like that, even in Australia. A running gag throughout the book is Alexander repeating several times that he wants to move to Australia because he thinks it is better there. It ends with his mother's assurance that everybody has bad days, even those who live there. In the Australian and New Zealand versions, he wants to move to Timbuktu instead.