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    gresham's law

    gresham's law - Dictionary definition and meaning for word gresham's law

    Definition
    (noun) (economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham

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text: I CAN'T BELIEVE HE'S GOING TO BE ON LAW & ORDER.
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