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neonstatictoday at 1:29 AM0 repliesview on HN

> worse is better

It's a very old idea

  In the paper, Copernicus postulated the principle that "bad money drives out good", which later came to be referred to as Gresham's law after a later describer, Sir Thomas Gresham. This phenomenon had been noted earlier by Nicole Oresme, but Copernicus rediscovered it independently. Gresham's law is still known in Poland and Central and Eastern Europe as the Copernicus-Gresham Law.
https://en.wikipedia.org/wiki/Monetae_cudendae_ratio