Etymology

bad money drives out good

Today it means: Debased coinage (with low levels of precious metals) replaces purer coinage (with higher levels of precious metals). Full definition →

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The story

Traditional sentiment, both in literal and metaphorical sense, dating to ancient works such as Aristophanes' The Frogs, and appearing in various forms in various Islamic and European medieval texts.

Etymology from Wiktionary, CC BY-SA 4.0.