
AI, Bitcoin and Gresham's Law
Absent government coercive controls, people and markets in general will always prefer to use hard rather than soft money. In situations of freedom, the strong money 'drives out' the soft money.
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Absent government coercive controls, people and markets in general will always prefer to use hard rather than soft money. In situations of freedom, the strong money 'drives out' the soft money.
William Harvey demonstrated the mechanism of blood circulation in the 1620s, demolishing ancient and medieval knowledge about the body’s humors.