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Gresham's Law

Gresham's Law the tendency for money of lower intrinsic value to circulate more freely than money of higher intrinsic and equal nominal value (often expressed as ‘Bad money drives out good’). It is named for the English financier Thomas Gresham (c.1519–79), who founded the Royal Exchange in 1566 and served as the chief financial adviser to the Elizabethan government. Gresham's emblem, a grasshopper, was later used by Martin's Bank.

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"Gresham's Law." The Oxford Dictionary of Phrase and Fable. . Encyclopedia.com. 26 Jul. 2017 <http://www.encyclopedia.com>.

"Gresham's Law." The Oxford Dictionary of Phrase and Fable. . Encyclopedia.com. (July 26, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/greshams-law

"Gresham's Law." The Oxford Dictionary of Phrase and Fable. . Retrieved July 26, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/greshams-law

Gresham's law

Gresham's law: see under Gresham, Sir Thomas.

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"Gresham's law." The Columbia Encyclopedia, 6th ed.. . Encyclopedia.com. 26 Jul. 2017 <http://www.encyclopedia.com>.

"Gresham's law." The Columbia Encyclopedia, 6th ed.. . Encyclopedia.com. (July 26, 2017). http://www.encyclopedia.com/reference/encyclopedias-almanacs-transcripts-and-maps/greshams-law

"Gresham's law." The Columbia Encyclopedia, 6th ed.. . Retrieved July 26, 2017 from Encyclopedia.com: http://www.encyclopedia.com/reference/encyclopedias-almanacs-transcripts-and-maps/greshams-law