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What do the words really mean, if they mean anything? For “demand” read “purchasing power”; “the law of supply and purchasing power.” What does “supply” mean? It means the product of human industry. The product of human industry is equal to the purchasing power. This does not sound so smooth, but is more accurate. And what does it mean now? That those who have purchasing power can get what they want. Can they—always?

Why, yes—if there is any. But if all the purchasing power in the world should happen to demand a few more of the works of Phidias—they would not be forthcoming. There is frequent complaint even among the very rich of their inability to get some things they want; such as ideal servants. This is a very common demand, and the air is filled with protest because, at any price, the supply does not equal the demand. This law is a common vagrant—“having no visible means of support.” All it amounts to is that if you demand a thing—and can pay for it—and there is any such thing—the previous owner will sell it to you—if he wants to.