Gresham's Law

One concept. Four tiers of command. Which do you speak?

Category: Economics

Foundational Lexiconbad drives out good
Executive Parlancecurrency degradation
Scholarly Discoursemonetary selection pressure
Babel ZenithGresham's Law
Origin: Sir Thomas Gresham
Pronunciation: /ˈɡrɛʃəmz/

Etymology & Meaning

Bad money drives out good in circulation.

In the Boardroom

Watching quality standards erode as the market races to the bottom.

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