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January 17, 2022 4:03 pm at 4:03 pm
#2051917
Reb Eliezer
Participant
Science helps us in understanding the Torah. Gresham’s Law in economics helps to the understand a mishna in Bava Metzia. הזהב קונה את הכסף, gold acquires silver because silver becomes the currency and gold a commodity. Why? Gresham’s Law says, bad money drives out good money from circulation. The bad money here is silver which becomes currency, being spent and gold will be horded and not spent becoming a commodity.