Thomas Gresham

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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

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