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Subject:
HES: QUERY -- Thiers Law
From:
[log in to unmask] (Paul Heise)
Date:
Fri Mar 31 17:19:02 2006
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----------------- HES POSTING ----------------- 
 
The Palgrave, in its entry on Gresham's Law mention "Thiers Law" as a corollary that
states "good money drives out bad" when the ratio between the two currencies is not fixed
and you are not dealing with a commodity money.
 
Does anybody know of any other reference to Thiers Law or where the "law" comes from? 
 
Paul A. Heise 
 
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