----------------- 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 ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]