Thiers/Gresham always seem to be misstated. What are these scenarios? Gresham applies in the presence of currency controls (equivalences) and Thiers applies in the absence of them. Under currency controls people will hoard the overvalued money in the false equivalence.

nitter.moomoo.me/gladstein/status/1643845325487210496#m (https://nitter.moomoo.me/gladstein/status/1643845325487210496#m)

https://nitter.moomoo.me/evoskuil/status/1643870166655324160#m