| 单词 | Gresham's Law |
| 释义 | Gresham's LawDefinition Observation that "bad money drives out good money." Leading 16th century businessman Sir Thomas Gresham (1519-79), who was also the financial advisor to Queen Elizabeth-I, noticed that when debased ('light') coins circulate together with the coins of proper weight and value, people hoard the good ones and pass on the bad ones. |
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