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]
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]
Quotes of the month
He pulled away, but his eyes held my eyes like hands. [03/29/2018 05:03:36]
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Success is the doing, not the getting; in the trying, not the triumph. [03/29/2018 05:03:36]
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When I was young, I kept trying to be in the most helpful place for me, when sometimes, as players, you have to look in the mirror and say, "It's not always going to be comfortable." [03/29/2018 05:03:36]
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I will say that since our capture we have met with uniform kindness, and while in the penitentiary our relations with the officers have been cordially pleasant, and for their considerate and kind disposition we feel profoundly grateful. [03/29/2018 05:03:36]
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I think jazz is actually quite unforgiving in its disdain for nostalgia. It demands creativity and change at its highest level, [03/29/2018 05:03:36]
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