Thomas Gresham

Thomas Gresham

English merchant and financier who worked for King Edward VI of England and for Edward's half-sisters, Queens Mary I and Elizabeth I.
When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good money automatically disappears.More Thomas Gresham quotes [03/29/2018 05:03:36]
[Gresham's Law]: Bad money drives out good money.More Thomas Gresham quotes [03/29/2018 05:03:36]
Bad money drives out good money.More Thomas Gresham quotes [10/15/2011 02:10:58]

Quotes of the month

Eugene Ryabyi That who has heaven in his soul is capable to love. [07/04/2019 03:07:05] More


Eugene Ryabyi A creative person is always some kind of drama. [07/08/2019 08:07:04] More


Anatoly Yurkin Pension reform will break our common habit of dying within our means. [07/10/2019 12:07:15] More


Anatoly Yurkin The acceleration of pension reform reflects the needs of the funeral business. [07/07/2019 12:07:13] More


Eugene Ryabyi To taint the soul is enough to commit sin once, but to clean it eternity needs. [07/10/2019 04:07:06] More