411 REFERENCE · Wiktionary
Gresham's law
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
en English merchant financier Thomas Gresham = 1519 1579 by en Henry Dunning Macleod 1858 Scottish economist lawyer 1 1.
Proper noun
en economics A principle stating that when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.
See also
en bad money drives out good
en eponyms