bad money drives out good
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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.
- Debased coinage (with low levels of precious metals) replaces purer coinage (with higher levels of precious metals).
- People hoard good currency and other assets and attempt to pass inferior currency and assets to others in exchange.
- (metaphorically, in organizations and labor markets) Overvalued mediocre talent replaces undervalued real talent.
debased coinage replaces purer coinage
mediocre talent drives away real talent