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0 sats \ 7 replies \ @jk_14 3 Nov \ on: MONEY CLASS OF THE DAY: My Journey Into Money, Argentina Anno ~2012 econ
Everyone knows that everyone keeps better notes out, so everyone negotiates/gambles for better.
have you ever seen a merchant, who takes not damaged and acceptable for everyone banknote, and then... out of sudden try to negotiate for another banknote, insisting for his customer to show him the content of his wallet, just because his customer maybe is hiding a banknote in better condition, etc...
Because I haven't seen such situation in my quite long life :)
no, sir - you are very wrong, these both parties are not in the exact same position, sorry ;)
#750743 #739198
P.S. yeah, I know it's hard to admit own failure in the battle with random guy regarding the Law, which is not even Gresham's but Copernicus' (who knows, maybe sir Thomas just stole it... ;)
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0 sats \ 5 replies \ @denlillaapan OP 4 Nov
Jesus. No need to be rude (read: stuck up).
No man, happens all the time: Merchants deny sale for payment issues.
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0 sats \ 4 replies \ @jk_14 4 Nov
haha, there is no payment issue in ten-dollar, acceptable for everyone banknote, LOL
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0 sats \ 3 replies \ @denlillaapan OP 4 Nov
Wait, dude -- why are you in the wrong thread?
Didn't even realize, but now you're following me around with your Gresham/Copernicus crap...?
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0 sats \ 2 replies \ @jk_14 4 Nov
anyway, there is at least one good thing from your epic failure regarding Copernicus' Law (i.e. "Bad money drives out good money.")
Now, whenever you will type: "Gresham's Law" - you will well remember that you are lying yourself and others... ;) and who knows, maybe even promoting intellectual property thief... ;)
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0 sats \ 1 reply \ @denlillaapan OP 4 Nov
Is there a block/mute feature on SN?
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0 sats \ 0 replies \ @jk_14 4 Nov
"Nothing induces a bigger annoyance than the Truth."
bye ;)
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0 sats \ 0 replies \ @jk_14 4 Nov
ChatGPT: "Yes, Thomas Gresham, the 16th-century English economist, likely knew Latin, a staple of education for the English elite and upper classes during his time. Latin proficiency was essential for international business, accessing scientific works, and understanding legal documents. Gresham, who was involved in finance and served as an advisor at the royal court, would have needed at least a functional knowledge of Latin to engage with documents and scholarly works effectively." ;)
...and maybe engage with documents like economic treatise named: "De monetae cudendae ratione", written in A.D. 1526... ;) https://www.jstor.org/stable/25776118
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