Tagged: The elements of political economy

The Gresham's Law / Art by Andre Levy

The Gresham’s Law: Bad money vs. Good money

“The course our city runs is the same towards men and money. She has true and worthy sons. She has fine new gold and ancient silver, Coins untouched with alloys, gold or silver, Each well minted, tested each and ringing clear. Yet we never use them! Others pass from hand...