The E-Sylum:  Volume 6, Number 39, September 28, 2003, Article 23

GRESHAM'S LAW REVISITED

   Bill Murray writes: "You may not consider the following worth
   putting in The E-Sylum, but it was a new thought for me.

   I recently read, a not too well recommended novel, Mackerel
   By Moonlight, by William F. Weld.  An interesting use (a
   corollary?) of Gresham's Law where the protagonists thoughts
   go like this, "I also remembered that the most vivid illustration
   of Gresham's law in twentieth-century America is not monetary
   currency at all but the mass media, where the bad news always
   drives out the good..."

  Wayne Homren, Editor

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