bad money drives out good
Definition from Wiktionary, the free dictionary
Contents |
English [edit]
Etymology [edit]
Traditional sentiment, both in literal and metaphorical sense, dating to ancient works such as Aristophanes' The Frogs, and appearing in various forms in various Islamic and European medieval texts.[1]
In English, termed Gresham's law since 1858 (coinage by Henry Dunning Macleod).
Proverb [edit]
- Debased coinage (with low levels of precious metals) replaces purer coinage (with higher levels of precious metals).
- (metaphorically) Mediocre talent drives away real talent.
Translations [edit]
debased coinage replaces purer coinage
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mediocre talent drives away real talent
References [edit]
- ^ Selgin, G., University of Georgia (2003). Gresham's Law.