backing
Alexander Reynolds
chrome at jhunix.hcf.jhu.edu
Thu Oct 21 12:42:48 PDT 1993
> This is not what Gresham's Law says.
>
> Gresham's Law is that if there are two kinds of coins that are stated
> by law to have equal value, the one thats actually worth less because
> of metal content will be the one that you spend first. It doesn't
> apply in this instance at all.
>
> Perry
I think Gresham's Law applies to authority-influenced currency. I'm
trying to get a hold on this quote so hold on.
-Alex
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