# Gresham’s law

By [Michael](https://paragraph.com/@michael-37) · 2022-07-29

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Gresham’s law prevails: bad quality money drives out good quality money from circulation as the former is used as a means of exchange, while the latter is used in the function of store of value.

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*Originally published on [Michael](https://paragraph.com/@michael-37/gresham-s-law)*