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Q: Who is famous for his observation that bad money drives out good money?
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What does Greshams Law state?

Bad money drives good money out of circulation.


How Bad money drives out good money out of circulaton.explain?

save in strong room is better, isn't it?


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The techniques, topic, how famous the artist is etc. OR, if we're going to be real about it, it is generally the perception of the buyer. In many cases, it is a result of mere incompetence or good marketing and PR. The quality of work, unfortunately, is rarely what drives the price.


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Careful observation is a good way to establish facts.


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Yes. The principle is well-known and thoroughly attested: Bad money drives out good.


Who will get you money brother or mum?

Well your parents usually earn the money, but if you have a famous sibling or a sibling who has a good job the =y might bring in the money foir their parnets.


In 1858 economist Henry dunning macleod named gresham's law for sir thomas gresham a financial adviser to Queen Elizabeth I what does gresham's law say?

Bad money drives good money out of circulation


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Because he had sex with random people and they payed him money. My Mummy says he was GOOD!