Speakur

Word Pronunciation & Dictionary

gresham's law

Word Rarity Very rare

Frequency: Zipf frequency 1.52 in modern English

Syllables
gre-sham's law
IPA
20
Scrabble Score
11
Letters
2
Syllables
9
Unique Chars

Meaning

name

A principle stating that when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.

Etymology

Named after English merchant and financier Thomas Gresham (1519–1579) by Scottish economist and lawyer Henry Dunning Macleod in 1858.

Phrases

bad money drives out good

Frequently Paired Words

bad money drives out good

Questions

What does gresham's law mean?
A principle stating that when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.
Where does gresham's law come from?
Named after English merchant and financier Thomas Gresham (1519–1579) by Scottish economist and lawyer Henry Dunning Macleod in 1858.

How to pronounce gresham's law

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