Gresham's law and its strange applications to life

1) Bad Money drives good money away: Given a choice between Counterfeit currency and legal currency, people in the society always want to pass on the Counterfeit ones and hoard the legal currency. Thereby, its more likely that bad currency is more in circulation than good ones.

2) Movie critics have invoked Gresham's law to explain why movies with innovative visuals and writing are rare but, once created, are much copied or made into sequels. The claim is that production companies and theaters see all movies as virtually interchangeable product, and prefer ones which are cheaper to make or that have less risk to promote.

3) In a democracy, a less intelligent majority may be able to out-vote an exceptionally intelligent minority, effectively driving out the most intelligent voters by guaranteeing that their votes will be defeated.

4) In the market for second hand cars, lemon automobiles (analogous to bad currency) will drive out the good cars. This is because the seller of good cars will find that the "average" price of both lemons and good cars is less than the fair price of the good car.

And Finally, extending the same principle to my current place of work, wherein in the past 3 years, I have seen how poor managers and employees can drive out good ones, although, I would have loved it to be otherwise.