“When an official market or cartel overvalues one type of money or asset and undervalues another with respect to its fair market value and risks, the undervalued money or asset will leave the country as best it can, or will disappear from circulation into hoards, while the overvalued money or assets will flood into circulation.”
Gresham’s Law
Old saying: Bad money will drive out good money.
But I forget who said it… sorry about that..
MA
“Bad politics tends to drive out good politics, just as bad money drives out good money.” – Aldous Huxley
Probably others as well in one form or another.