Welcome to the 1520 Perfect Dictionary
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| Greshams law | |
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| GREASHAMS LAW Definition: (written as: Gresham's law) The law that of two forms of currency the inferior or more depreciated tends to drive the other from circulation, owing to the hoarding and exportation of the better form. ______________________________________________________________________ * All eight elements would be in. 1. Both specified and identifiable. 2. Rule and regulation not in place. 3. Rate of exchange measurable and assessable. 4. Value for the money provided is commensurate. 5. Policy and/or reforms in operation never consistent. 6. Central Banks concerned not cooperating & agreeing. 7. Market forces completely at play, no government interference. 8. Economy doesn't really benefit from shortage of hard currency. ___ Excess. Gross. See perfect LAWFUL DAY. Zero. Net. ___ Quote: "Study hard what interests you the most in the most undisciplined, irreverent and original manner possible". - Naval Ravikant. Quote: "It is far better to be alone, than to be in bad company". - George Washington. Quote: "The pessimist complains about the wind; the optimist expects it to change; the realist adjust the sails". - William Arthur Ward. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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