greshams theorem

World English Dictionary
Gresham's law or Gresham's theorem
 
n
the economic hypothesis that bad money drives good money out of circulation; the superior currency will tend to be hoarded and the inferior will thus dominate the circulation
 
[C16: named after Sir Thomas Gresham]
 
Gresham's theorem or Gresham's theorem
 
n
 
[C16: named after Sir Thomas Gresham]

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