Five hundred years ago, merchants in England had silver coins to trade with but, as Byron Gilliam notes, the system was open to abuse. There were several tricks to try. One was \u201csweating\u201d the coins: putting them in a bag and shaking them until friction caused silver dust to fall to the bottom of the…<\/p>\n
The post Gresham vs Thier\u2019s laws: what is good money?<\/a> appeared first on Chris Skinner’s blog<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Five hundred years ago, merchants in England had silver coins to trade with but, as Byron Gilliam notes, the system was open to abuse. There were several tricks to try. One was \u201csweating\u201d the coins: putting them in a bag and shaking them until friction caused silver dust to fall to the bottom of the… […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-57962","post","type-post","status-publish","format-standard","hentry","category-fintech"],"_links":{"self":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/posts\/57962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/comments?post=57962"}],"version-history":[{"count":0,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/posts\/57962\/revisions"}],"wp:attachment":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/media?parent=57962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/categories?post=57962"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/tags?post=57962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}