Mises Daily
Author:
Ludwig von Mises
Online Publish Date:
Economic Policy: Thoughts for Today and Tomorrow (1979), transcription of Lecture 4 (1958) If the supply of caviar were as plentiful as the supply of potatoes, the price of caviar — that is, the exchange ratio between caviar and money or caviar and other commodities — would change considerably. In that case, one could obtain caviar at a much