Blog: Good money vs bad money
Gresham’s law is an old theory in economics stating that bad money drives out good money. This economic phenomenon has been observed many times in history around the globe, from ancient Greece to modern times. Another economic theory states completely the opposite. According to Thier’s law good money drives out the bad money. Usually Gresham’s and Thier’s laws have been attached to coins made out of precious metals, but can they also apply to digital money like Bitcoin, and which of the laws is correct?
Last updated: 16.09.2021 15:00