Bad culture drives out good culture, Greshams law applied to populations? Explain it how you like, the lesson is clear. If you let in enough garbage to become a self-sustain and self-perpetuating group in your midst you run the risk of destroying your own home. Greshams law is an economic principle that states: When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.[1] It is commonly stated as: Bad money drives out good.
Posted on: Mon, 18 Nov 2013 21:57:46 +0000
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