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.
Bad money drives out good money.More Thomas Gresham quotes [10/15/2011 02:10:58]
[Gresham's Law]: Bad money drives out good money.More Thomas Gresham quotes [03/29/2018 05:03:36]
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]

Quotes of the month

Eugeny Antonuk If a person does not understand the card game at all, he can not say which of the participants in the game is bluffing. If a person does not understand the theory of relativity, then he will consider all participants in the discussion of this topic to have something to say. [08/30/2018 05:08:01] More


Anatoly Yurkin Other people's money I want to count twice. [08/31/2018 05:08:17] More


Pavel Haritonov Kelconf: Bayót no meys bi-birs Necs, sot — soháy cúpo mep… [08/22/2018 11:08:04] More


Konstantin Rokossovsky After talking on "HF" with Zhukov, I had to tell him that if he does not change the tone, then I will stop talking with him. The rudeness tolerated by him on that day went beyond borders. [09/12/2018 09:09:36] More


Anatoly Yurkin Digital self is a promising habit to keep the activity in VR debt-free electronic money and without obligation in the transaction. [09/10/2018 12:09:56] More