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<p>[QUOTE=&quot;kaparthy, post: 1011327, member: 57463&quot;]I did not vote because I had a hard time with the false dicthotomy. </p><p>See this TED video lecture by Cameron Herold, &quot;<a href="http://www.ted.com/talks/cameron_herold_let_s_raise_kids_to_be_entrepreneurs.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ted.com/talks/cameron_herold_let_s_raise_kids_to_be_entrepreneurs.html" rel="nofollow">Raising Kids to be Entrepreneurs</a>.&quot;&nbsp; How can it not be <b>fun to make a profit</b>?&nbsp; </p><p><br /></p><p>And, conversely, is there no <b>profit in fun</b>?&nbsp; One of the few errors in <i>Human Action </i>by von Mises is that he did not understand psychic profit. </p><p><br /></p><p>When you &quot;buy&quot; anything it is because the new thing is worth more to you than what you gave up to get it.&nbsp; Thus, every purchase is an improvement, a successful investment in which you turned a lower-valued entity (cash; cow; coin) into a higher valued one.&nbsp; </p><p><br /></p><p>Now, the next question is, can you then &quot;sell&quot; that for more than you paid for it?&nbsp; Again, you might take a monetary &quot;loss&quot; in the cash journal of your home bookkeeping, but that ignores the marginal utility of the cash on hand.&nbsp; </p><p><br /></p><p>(Also, I put &quot;buy&quot; and &quot;sell&quot; in quotes because all exchanges are simiulatenous buys and sells: at the petrol station, you sell dollars for gasoline.&nbsp; Only a shallow thinker never gets past the one-dimensional explanation that &quot;consumers&quot; buy from &quot;businesses.&quot;)</p><p><br /></p><p>Finally, <b>numismatics is a hobby in which we all buy and sell money.&nbsp; </b>Look at it:&nbsp; I was set up selling stock certificates, coins, etc., in front of a lecture by Andrew Bernstein of the Ayn Rand Institute. After the talk, one of the other attendees asked about a zillion dollar Zimbabwe note.&nbsp; I told him that I have none, and would like one, but you can&#039;t get them cheap because everyone wants one.&nbsp; See:&nbsp; this worthless money is worth more to a collector than it is on the streets of Harare.&nbsp; </p><p><br /></p><p>It is the miracle of capitalism.</p><p><br /></p><p>Mike M.[/QUOTE]</p><p><br /></p>

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