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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
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Thomas Gresham
Age: 60 †
Born: 1519
Born: January 1
Died: 1579
Died: November 21
Banker
Diplomat
Economist
London
England
Sir Thomas Gresham
Term
Automatically
Values
Metals
Money
Currency
Concurrent
Good
Precious
Coinage
Disappear
Debased
Terms
Mutilated
Value
Circulation
High
Disappears
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