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English to Japanese translations [PRO] Bus/Financial / Economics theory and application
English term or phrase:Bad money drives out good
Have you ever heard of Gresham's Law? It is an economic law discovered in the 19th century when the United States still engaged in bimetalic currency trade. In English the law reads "Bad money drives out good".
We have an example of how this law can be applied to other areas of social phenomena right here on the ProZ bulletin board.
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A thoughtful translation of the above would be greatly appreciated. There is likely a common translation for this phrase on the web, but I do not know the katakana for the name Gresham.
A full four points will be awarded to whomever supplies an accurate, well supported translation. This can be achieved through various means including relevant websited, thorough explanation, and text references that cannot be found on the web.
An exception to the rule of "grading is always difficult" can be found here -- only one well-supported response Thanks to everyone and especially to Satnii for the katakana spelling of Gresham! 4 KudoZ points were awarded for this answer