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Gresham's law
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Gresham's law
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Gresham's law#Reverse of Gresham's Law (Thiers' Law) economic theory driving sterling coinage out rather than encouraging its circulation :Gresham's law was greater than the face value removed them from circulation through hoarding instability in the ratio causing the flight of silver removed from circulation and hoarded Gresham's law#Reverse of Gresham's law (Thiers' law) Gresham's Law driving out Gresham's (Copernicus') law outflow of gold instability in the exchange rate exchanged them for coins from other countries that had been minted correctly Gresham-Copernican law