People move the good money out of an economy for future use in better markets, while the bad money is circulated and takes over as a common economic good.
If Gresham says that bad money drives out the good money, the same can be said of good entrepreneurs-they are driven out of gig economies by bad policies.
What happens when bad policies drive out value-creating entrepreneurs? Advocates of free markets have been shouting from the rooftops that bad policies that restrict entrepreneurs from discovering new processes, products, and services that can build supply and enable technology to serve real people can only happen in an unhampered economy.
As we can see, bad entrepreneurs will move in and benefit from bad policies, and good entrepreneurs will move out of the gig world.
The economic costs of driving out the good entrepreneurs in the gig economy will spike prices for products, services, and production costs; decrease consumer value and satisfaction; and invariably produce offerings of lesser quality.
Driving good entrepreneurs out with bad economic policies creates a concentrated benefit for the few but creates costs for the many.
These entrepreneurs will seek government favors and use the government to create monopoly conditions for themselves while saddling extra costs on potential competitors, thus driving out the good entrepreneurs.
https://mises.org/mises-wire/how-bad-economic-policies-drive-out-good-entrepreneurs
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