Adjusting Quote by Joseph Salerno

If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of…

— David Ricardo

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions,…

— Michael Polanyi

Money is an invention of the marketplace of exchange, brought into being by traders who discovered that a reliable medium could facilitate trades that…

— Lawrence Reed

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

— Ludwig von Mises

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and…

— David Ricardo

The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to…

— Adam Smith

Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for…

— Murray Rothbard

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.

— David Ricardo

The exchangeable value of all commodities rises as the difficulties of their production increase.

— David Ricardo

In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions.

— Sheldon Richman

The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy,…

— Ludwig von Mises

“It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other…

— Ludwig von Mises