I see one, but then maybe I am just seeing things.
The wikipedia page about "worse is better" re: software linked above states:
It refers to the argument that software quality does not necessarily increase with functionality: that there is a point where less functionality ("worse") is a preferable option ("better") in terms of practicality and usability.
Copernicus' idea about money has a similar structure - "better" money such as precious metals, art, etc. is being hoarded due to its perceived desirability, leading to more "worse" money in circulation. As a result, the "worse" money is actually "better" at fulfilling its role as currency (bc it's not hoarded). So there is also a point where "worse" becomes "better".
alt Hacker News
I see one, but then maybe I am just seeing things.
The wikipedia page about "worse is better" re: software linked above states:
Copernicus' idea about money has a similar structure - "better" money such as precious metals, art, etc. is being hoarded due to its perceived desirability, leading to more "worse" money in circulation. As a result, the "worse" money is actually "better" at fulfilling its role as currency (bc it's not hoarded). So there is also a point where "worse" becomes "better".