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<p>[QUOTE=&quot;InfleXion, post: 1639224, member: 29012&quot;]No, it has nothing to do with coins in this case. I was saying that a metal currency of any kind (whether physical or metal backed paper) would drive non-metal currencies out and return us to a non-inflationary environment. </p><p><br /></p><p>Gresham&#039;s Law does not apply the same with fiat because there is no intrinsic value, exactly what the article said. The bad (fiat) wouldn&#039;t drive out the good (metal) as Gresham&#039;s Law would imply, but instead the good would drive out the bad, because fiat is an inferior currency and would fall by the wayside due to undesirability as opposed to disappearing due to hoarding. The effect is the exact opposite of Gresham&#039;s Law, known affectionately as InfleXion&#039;s Law <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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