Excerpt from To the Readers of Coin's Financial School: An AnswerWhen two metals may be used concurrently as a medium of exchange, both endowed with the legal tender quality and open to free and unrestricted coin age, there is a force affecting them as invariable in its operation and effect as the law of gravitation. It is known as Gresham's law, and declares that bad money or cheap money will always drive dearer or better money out of circulation.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.