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]
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

Author Unknown Spring will show who pumped the abs in the winter and who pumped the door to the refrigerator! [07/18/2020 10:07:46] More


Georges Elgozy There is only one type of work that does not cause depression, and that is work you donít have to do. [07/31/2020 10:07:57] More


Igor Yuganov In order for the truth to be born in a dispute, it must first be conceived in thought. [07/30/2020 05:07:44] More


Evgeniy Schwarz The whole world is such that there is nothing to be ashamed of. [07/27/2020 05:07:43] More


Nikolay Shelgunov A firm sense of duty is the crown of character. [07/26/2020 11:07:36] More