Ludwig Von Mises Quotes

If The Possessor Of A Units Of Money Receives H Additional Units, Then It Is Not At All True To Say That He Will Value The Total Stock A + H Exactly As Highly As He Had Previously Valued The Stock A Alone. Because He Now Has Disposal Over A Larger Stock, He Will Now Value Each Unit Less Than He Did Before; But How Much Less Will Depend Upon A Whole Series Of Individual Circumstances, Upon Subjective Valuations That Will Be Different For Each Individual.

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