2 Matching Annotations
  1. Mar 2023
    1. The old saying "a bad penny always turns up" is a colloquial recognition of Gresham's Law.

      The colloquialism "a bad penny always turns up" is recognition of Gresham's law because the bad (cheap) pennies will be in higher circulation compared with purer or more valuable copper pennies which will have been hoarded or left circulation.

  2. Oct 2022