Why "bad" money chases away "good" money
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Why "bad" money chases away "good" money
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About this listen
While it sounds like a great idea to introduce sound money into an economy, the reality is adoption is difficult.
When you have two options available, people will use the "bad" money option for transactions, and save the "good" money for a rainy day.
This is known as Gresham's Law, and is important to understand as we transition to new forms of currency around the world.
Interested in more about this topic? 👉 https://twitter.com/mollyelmore22/status/1597591261871239169?s=20&t=LD_vUSv_P1OjOI9mCMtjLQ
Want a more in depth understanding of what’s happening in the world? Join our group on locals: twostepsahead.locals.com
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