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GRESHAM’S LAW
GRESHAM’S LAW is a principle of economics that states that when debased currency (like a counterfeit or inflated currency) is in circulation along with currencies retaining their full values, those of full value will disappear over time. Simply stated, the phrase “Bad money drives out the good†is an expression of Gresham’s Law.
Gresham’s Law has found applications outside
economics. For example, successful propaganda and disinformation campaigns have as their objective the driving out of good thought by substituting a circulation of counterfeit thought. If successful, these efforts result in the public discussing the false ideas and largely ignoring the valid ones.
FYI: As posted at… http://www.weeklystandard.com/weblogs/TWSFP/2007/08/beauchamp_recants.asp
THE WEEKLY STANDARD has learned from a military source close to the investigation that Pvt. Scott Thomas Beauchamp–author of the much-disputed “Shock Troops” article in the New Republic’s July 23 issue as well as two previous “Baghdad Diarist” columns–signed a sworn statement admitting that all three articles he published in the New Republic were exaggerations and falsehoods–fabrications containing only “a smidgen of truth,”…
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de Palma plays right into the hands of US haters. He takes an incident that was investigated by the military and those held responsible are serving time. I don’t see terrorist arresting those who behead people and putting them in jail. De Palma should be congratulating our military for punishing those resposible and not denegrate those like me who serve this wonderful country.