DHK dao

Everyone has heard that "bad money drives out good," but not many know its origin. Theoretically, the superior should prevail over the inferior. So how does bad money win? The story goes that ancient coins were minted from precious metals like gold and silver. However, their quality and purity varied. Everyone wanted to hold onto the better quality, higher purity coins and would spend the inferior ones first when making purchases. As a result, the circulation of bad money far exceeded that of...