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It does create something new, it creates value. I'm amazed at the 'arbitrage is bad' comments, I can't remember seeing it anywhere before. Someone who finds a buyer for a thing that couldn't be sold before (i.e., was worthless) creates value by enabling the transaction.



To continue citing those from my background, “value” is an modern invention of “intellectuals,” and therefore, either of the devil or a liberal plot.




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