"Whose law states""Bad money drives out good""?"
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
The Man Whose Pharynx Was Bad in "Harmonium", the other elements being "The Snow Man" and "Tea at the Palaz of Hoon." To master the triad is to reach "the center of Stevens' poetic and human anxieties and of his resources for meeting those anxieties". "The Man Whose Pharynx Was Bad" represents a moment in "Harmonium"s progress in which the poet proclaims diffidence about his future creativity. The Man Whose Pharynx Was Bad "The Man Whose Pharynx Was Bad" is a poem from Wallace Stevens's first book of poetry, "Harmonium." First published in 1921, it is in the public domain in the United States. One point