Gresham's law

短语

释义与例句

name
  1. 1.

    An economic principle stating that, when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation; or "bad money drives out good".

词源

Named in 1858 by Henry Dunning Macleod, after Sir Thomas Gresham (1519–1579), English financier during the Tudor dynasty.

来源：wiktionary