Source: Ludwig von Mises Institute
by Tom Wilson
“Gresham’s Law isn’t about greed or bad behavior. It describes rational decision-making under fixed rules. When people are given the option to spend weaker money or save stronger money, they do what makes sense. The outcome isn’t a flaw in character — it’s a predictable response to incentives built into the system.” (01/15/26)
https://mises.org/power-market/why-good-money-always-disappears-when-bad-money-circulated