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gresham's law

n.
1.(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation

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    Idiom of the Day

    tax-and-spend
    spend freely and tax heavily
    The government has a tax-and-spend attitude that many people do not like.



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