Who is famous for his observation that bad money drives out good money?
A)Adam Smith
B)François Quesnay
C)Thomas Gresham
D)John Maynard Keynes
E)J.B.Say

Question

Quizplus · Accepted Answer

Thomas Gresham is famous for his observation that bad money drives out good money, also known as Gresham's Law. He made this observation during the reign of King Henry VIII, when currency debasement was a common practice.

Who Is Famous for His Observation That Bad Money Drives