Other economic historians have long understood that far from having been a result of the workings of capitalism, Gresham's Law, that "bad money drives out good" has always been the result of misguided official coinage policies and legal tender legislation.
@JimboCopeland Here too I must refer you to other works. Here is my most complete discussion of Gresham's Law. You'll need library access: https://t.co/FA6mtKxKyU
@michael_nielsen The 20 page primer I’ve found useful: https://t.co/SMYtMZxwQm
@MarcHochstein As for Gresham's Law, it's entirely irrelevant to a currency in which government exchange and price controls play no part. (And I say this w/ some authorit: https://t.co/FA6mtKxKyU)