Monday, September 21, 2009

Gresham's Law and men of fine mettle

From the opening of the final chapter of Ron Paul's excellent new book, End the Fed:

I'll tell you what I think about the way
This city treats her soundest men today:
By a coincidence more sad than funny,
It's very like the way we treat our money.

The noble silver drachma that of old we were
So proud of, and the recent gold coins that
Rang true, clean-stamped and worth their weight
Throughout the world, have ceased to circulate.

Instead, the purses of Athenian shoppers
Are full of shoddy silver-plated coppers
Just so, when men are needed by the nation,
The best have been withdrawn from circulation.

(From The Frogs by Aristophanes, about 400 B. C.)

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