QUOTE OF THE DAY

“Gresham’s law is an economic principle that states that 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.”


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1 Comment
Tucci78
Tucci78
December 20, 2015 12:59 pm

Attribution?