Top 2 Quotes & Sayings by Thomas Gresham

Explore popular quotes and sayings by Thomas Gresham.
Last updated on November 28, 2024.
Thomas Gresham

Sir Thomas Gresham the Elder, was an English merchant and financier who acted on behalf of King Edward VI (1547โ€“1553) and Edward's half-sisters, queens Mary I (1553โ€“1558) and Elizabeth I (1558โ€“1603). In 1565 Gresham founded the Royal Exchange in the City of London.

1519 - November 21, 1579
When depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good money automatically disappears.
[Gresham's Law]: Bad money drives out good money. โ€” ยฉ Thomas Gresham
[Gresham's Law]: Bad money drives out good money.
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