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medium of exchange
(redirected from Bad money drives out good)

    Also found in: Idioms, Wikipedia 0.02 sec.
See: cash, currency, money


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? Mentioned in ? References in periodicals archive
 
In economics, this law teaches that bad money drives out good.
Getting the facts straight: a growing number of people have been led ... by Behreandt, Dennis / The New American
It was thought competition between the two currencies could lead to Gresham's Law that bad money drives out good, as in the sterling-dollar experience, and greater exchange-rate volatility.
Benign Neglect by KINDLEBERGER, CHARLES P. / The International Economy
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