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What a commodity has cost to produce in the past cannot determine its value. That will depend on the present relationship of supply and demand.

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Henry Hazlitt Quote: “What a commodity has cost to produce in the past cannot determine its value. That will depend on the present relationship of supply and demand.”
Henry Hazlitt Quote: “What a commodity has cost to produce in the past cannot determine its value. That will depend on the present relationship of supply and demand.”
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