Sir Thomas Gresham, it turns out, didn’t say: “Bad money drives out good money.” But he did live by those wise words. What the adage, so often credited to him, means is this: If you have two coins of ...

Sir Thomas was a British banker, money-changer, textile trader, goldsmith and financial agent of Elizabeth I. He stabilized the English currency and the national debt by advising the queen to re-coin ...

Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money. Gresham’s law is a ...

TimesMachine is an exclusive benefit for home delivery and digital subscribers. Full text is unavailable for this digitized archive article. Subscribers may view the full text of this article in its ...

What does this Advisor Specialize in? Find a financial advisor who specializes in the area of expertise you require. It's important to find an advisor who can help you approach your personal and ...