noun
Gresham's Law
Economic principle that when a government overvalues one type of money and undervalues another, the undervalued money will leave circulation. Often summarized as 'bad money drives out good'.
See also: 悪貨は良貨を駆逐する
グレシャムの法則は、悪貨が良貨を駆逐する現象を説明する。
Gresham's Law explains the phenomenon where bad money drives out good.
A Japanese proverb that directly expresses the core idea of Gresham's Law; often used as a translation or explanation of the law itself.
Named after Sir Thomas Gresham (1519–1579), an English financier. The Japanese term is a direct loan translation of the English 'Gresham's Law'.