Can anyone point me to where the above proposition originated, or in the alternative point me to someone (an economist) who does a good job at articulating it.
Edit: Right now I'm attributing the original idea to Menger (1871), and using some von Mises
http://mises.org/books/Theory_Money_Credit/Part1_Ch2.aspx also
. If anyone else gives good insight into this concept please post here!