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
The broader the person’s outlook, the less taboo for him. [05/03/2019 06:05:36]
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Even imaginary argumentation, when discussing anything except a topic, is not without meaning. [05/06/2019 03:05:04]
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Love does not seek its own ... - and Confucius is in tune with this biblical wisdom: "a noble person is in harmony with everyone, but does not follow anyone, and an insignificant person searches for his own kind." [05/06/2019 06:05:02]
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If they had shot all the enemies of feudalism, would have kept feudalism, and if they had shot all the enemies of slavery, they would have kept slavery. [05/06/2019 03:05:53]
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For the comparison comes the new, and creating a new, compare with the former. [05/05/2019 12:05:53]
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