For 10 points, name this law that colloquially states, "Bad money drives out the good."
Joseph Schumpeter introduced a paradox stating that this law is trivially easy to understand, but no one understands it. An early form of it was stated by Theognis in his Maxims, and it was first attributed to its namesake, an adviser to Elizabeth I, by H. D. Macleod. One stipulation of this law is that the entities involved in it must exchange for the same price. This law was analyzed by David Hume in "On the Balance of Trade," in a section discussing the introduction of paper currency. For 10 points, name this law that colloquially states, "Bad money drives out the good."
Joseph Schumpeter introduced a paradox stating that this law is trivially easy to understand, but no one understands it.
{Gresham's} Law