What does Gresham's Law mean?
An economic principle stating that 'bad money drives out good' in circulation.
According to Gresham's Law, 'bad money drives out good' when two forms are in circulation.
Gresham's Law in German, French, Spanish and Italian
GermanGreshamsches Gesetz
Die Beobachtung, dass wertvolleres Geld (z.B. Gold) gehortet wird, während minderwertiges im Umlauf bleibt.
FrenchLoi de Gresham
La mauvaise monnaie chasse la bonne de la circulation.
SpanishLey de Gresham
Principio según el cual la moneda 'mala' desplaza a la 'buena'.
ItalianLegge di Gresham
La moneta cattiva scaccia quella buona dalla circolazione.
Common phrases with Gresham's Law
- bad money drives out good gresham's law
- circulation gresham's law
- commodity money gresham's law