[AMRadio] economics -------------

[Shirli Sieb]

Gresham's law:

In any hyper-active market, bad currency drives out good currency; 
bad commodities drive out the good commodities.
Thus we are constantly faced wih rising prices on poorer and poorer goods.

[sigh]

Ed - VA3ES

> -----Original Message-----
> From: Donald Chester
> Sent: Wednesday, March 06, 2002 10:22 PM
> 
> For any item listed, odds are that somewhere  there will be at 
> least one fool willing to pay much more than the item is worth, 
> thus the market price of nearly all second-hand merchandise has 
> been driven up to unrealistic  heights.
> 
> Thus the dollar becomes worth less because it buys less.  
> Also known as "inflation".
> 
> Don K4KYV