Gresham's law Crown in the city of Antwerp, to explain to Queen Elizabeth I what was happening to the English shilling. Her father, Henry VIII, had replaced 40 percent of the silver in the coin with base metals, to increase the government's income without raising taxes. Astute English merchants and even ordinary subjects would save the good shillings from pure silver and circulate the bad ones; hence, the bad money would be used whenever possible, and the good coinage would be saved and disappear from circulation. Gresham was not the first to state the law which took his name. The phenomenon had
Bad for Good this album. The nude gymnasium scene is out, along with the other title 'Renegade Angel'." Around this time, Steinman contributed all eight songs for Meat Loaf's album "Dead Ringer", which was also released in 1981. The first two songs, "Bad for Good" and "Lost Boys and Golden Girls", were two of many songs written by Steinman under the inspiration of "Peter Pan" and lost boys who never grow up. This is reflected in lyrics in "Bad for Good" such as "You know I'm gonna be like this forever: I'm never gonna be what I should." The composer says that "Peter