| 释义 |
> as lemmasGresham's law Gresham's law n. the principle, involved in Sir Thomas Gresham's letter to Q. Elizabeth in 1558, that ‘bad money drives out good’, i.e. that when debased money (sc. coins reduced in weight or fineness, or both) is current in the same country with coins of full legal weight and fineness, the latter will tend to be exported, leaving the inferior money as the only circulating medium.< |