What does bad money drives out good money mean?
Definitions for bad money drives out good money
bad mon·ey drives out good mon·ey
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Wikipedia
bad money drives out good money
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.The law was named in 1860 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then-debased English currency. The concept was thoroughly defined in medieval Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Middle East and China.
Numerology
Chaldean Numerology
The numerical value of bad money drives out good money in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of bad money drives out good money in Pythagorean Numerology is: 1
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"bad money drives out good money." Definitions.net. STANDS4 LLC, 2024. Web. 29 Nov. 2024. <https://www.definitions.net/definition/bad+money+drives+out+good+money>.
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