WBTM on Nostr: #GreshamLaw says that "bad money drives out good." When people have both valuable and ...
#GreshamLaw says that
"bad money drives out good."
When people have both valuable and less valuable currency, they spend the bad stuff and hoard the good stuff.
It's why cheap coins circulate while valuable ones disappear.
saylor (npub15dq…lm5m) is right—there's no second best when it comes to money. Quality matters most. #ThereIsNoSecondBest
Published at
2024-06-11 06:26:55Event JSON
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"content": "#GreshamLaw says that\n \"bad money drives out good.\" \n\nWhen people have both valuable and less valuable currency, they spend the bad stuff and hoard the good stuff. \n\nIt's why cheap coins circulate while valuable ones disappear. \n\nnostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m is right—there's no second best when it comes to money. Quality matters most. #ThereIsNoSecondBest https://image.nostr.build/9e7dd047fc4803c52458f109436280d43cf34620c9c94a661c3bb8d7c61125bb.jpg ",
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