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“Gresham’s Law and Thier’s Law” by Restive Sage – 11.30.22

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Entry Submitted by Restive Sage at 9:51 PM ET on November 29, 2022 Many of the principles and laws fundamental to economics, long known to trading and banking families of the Levant, Venice, and the Orient, became better known to European monarchs in the Mercantile Age. By necessity, mathematicians gained prominence in explaining the relationships of human behavior and powerful accumulations of money i.e. wealth. Hence, we see Europeans waking up to a better understanding of money creation and national ramifications. As ever among the cognoscenti of that era (and their millennial histories of familial wealth creation), banking was elevated…

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