What does bad money drives out good mean?

Definitions for bad money drives out good
bad mon·ey drives out good

This dictionary definitions page includes all the possible meanings, example usage and translations of the word bad money drives out good.

Wiktionary

  1. bad money drives out goodproverb

    Debased coinage (with low levels of precious metals) replaces purer coinage (with higher levels of precious metals).

  2. bad money drives out goodproverb

    Mediocre talent drives away real talent.

Wikipedia

  1. bad money drives out good

    In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.The law was named in 1860 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then-debased English currency. The concept was thoroughly defined in medieval Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Middle East and China.

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Numerology

  1. Chaldean Numerology

    The numerical value of bad money drives out good in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of bad money drives out good in Pythagorean Numerology is: 1


Translations for bad money drives out good

From our Multilingual Translation Dictionary

  • rossz pénzt vezet ki jóHungarian
  • 나쁜 돈이 좋은 것을 낳는다Korean
  • плохие деньги вытесняют хорошиеRussian
  • 劣幣驅逐良幣Chinese

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"bad money drives out good." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/bad+money+drives+out+good>.

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