# Gresham’s law

**Published by:** [Michael](https://paragraph.com/@michael-37/)
**Published on:** 2022-07-29
**URL:** https://paragraph.com/@michael-37/gresham-s-law

## Content

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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