Gresham's law India. Gresham's law states that any circulating currency consisting of both "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is because people spending money will hand over the "bad" coins rather than the "good" ones, keeping the "good" ones for themselves. Legal tender laws act as a form of price control. In such a case, the intrinsically less valuable money is preferred in exchange, because people prefer to save the intrinsically more valuable money. Consider a customer purchasing an item which costs five
The Good Bad Egg all of Florabell's fine chinaware. "The Good Bad Egg" is a remake of the Andy Clyde short film "Knee Action" (1937). The Good Bad Egg The Good Bad Egg was an American comedy short released by Columbia Pictures on March 20, 1947, starring Joe DeRita, who later joined the Three Stooges and became "Curly Joe" DeRita, and featuring Dorothy Granger, and Norman Ollestead. This was the second of four shorts in the Joe DeRita series produced by Columbia from 1946-1948; all entries were remakes of other Columbia shorts. Joe Priggle (Joe DeRita) is an inventor staying at a rest home