Question 10
Money and InflationWho stated, "Bad money drives good money out of circulation, when both of them are full legal tender"?
- A.Irving Fisher
- B.Milton Friedman
- C.J.M. Keynes
- D.Thomas Gresham
Show the answer and explanation
Answer: D (Thomas Gresham)
Explanation
This is Gresham's Law, named after Sir Thomas Gresham.