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Thomas Gresham Quotes
English merchant and financier (b. 1519)
, Death:
21-11-1579
1.
When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good money automatically disappears.
Thomas Gresham
2.
[Gresham's Law]: Bad money drives out good money.
Thomas Gresham
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