Changes

'''Gresham's Law''' is how cheap [[money]] tends to drive better money out of circulation in the market.  Simply put, it is the [[economic]] phenomenon that "bad money drives out good."   

'''Gresham's Law''' is how cheap [[money]] tends to drive better money out of circulation in the market.  Simply put, it is the [[economic]] phenomenon that "bad money drives out good."  The [[Bible]] contains a warning against a similar tendency in life for unimportant time-wasters to drive out more important contemplation: [[Luke, Chapter 10|Luke 10:38-42]].

If both [[silver]] and [[gold]] are accepted currency (as in 19th century America), then people will prefer to use silver rather than gold in buying things.  This is because people will want to save and hoard the gold for themselves and get rid of the cheaper silver.  The result is that the cheaper currency (silver) is used more often in market transactions, and the gold is driven out of the market.

If both [[silver]] and [[gold]] are accepted currency (as in 19th century America), then people will prefer to use silver rather than gold in buying things.  This is because people will want to save and hoard the gold for themselves and get rid of the cheaper silver.  The result is that the cheaper currency (silver) is used more often in market transactions, and the gold is driven out of the market.