Gresham's law the creditor must accept such money at face value. Nobel Prize winner Robert Mundell believes that Gresham's Law could be more accurately rendered, taking care of the reverse, if it were expressed as "Bad money drives out good "if they exchange for the same price"." The reverse of Gresham's Law, that good money drives out bad money whenever the bad money becomes nearly worthless, has been named "Thiers' law" by economist Peter Bernholz in honor of French politician and historian Adolphe Thiers. "Thiers' Law will only operate later [in the inflation] when the increase of the new flexible exchange rate
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.