Bad Money Drives Out Good – Gresham’s Law

“The idea of Gresham’s law is simply that people are going to hold on to what’s valued and spend what isn’t valuable.” – David Morgan
This week we revisit David Morgan’s insights on the amazing phenomenon that played out for the first time in history over the last 100 years…the simultaneous debasement of all money on a global scale. Gresham’s Law is a predictable pattern that plays out in every society as soon as the money is corrupted. There is no greater proof than checking your pocket, and comparing your local coinage to that which you would have been using 100 years ago.