People should always think about this, not only in financial situations, but in the everyday things of our lives. People will always try to create products that look attractive on the outside, but are much less valuable and well-made on the inside. But, as Gresham's law states, a “bad” good will always drive out a “good” good, which hurts the entire industry. It was changed to simpler terms as "silver currency will inevitably force gold currency out of circulation" (L. Pyenson, Servants of Nature (W.W. Norton, 1999) p. 21). It's something that really cannot be avoided, and will inevitably happen to any economy that runs short of currency with inherent consequences.

Topic > People should always think about this, not only in financial situations, but in the everyday things of our lives. People will always try to create products that look attractive on the outside, but are much less valuable and well-made on the inside. But, as Gresham's law states, a “bad” good will always drive out a “good” good, which hurts the entire industry. It was changed to simpler terms as "silver currency will inevitably force gold currency out of circulation" (L. Pyenson, Servants of Nature (W.W. Norton, 1999) p. 21). It's something that really cannot be avoided, and will inevitably happen to any economy that runs short of currency with inherent consequences.