Philately
And the art of making money. Sandra doesn’t think much of her friend Frederick’s hobby of collecting stamps. He’s putting some in his album right now. They have a blue giraffe eating red leaves. About a year later, Frederick’s looking through a stamp catalogue only to find that those stamps are now worth £100 each because of a printing error, and he has twenty of them. But where has the extra money come from? I assume that this is a supply and demand thing. If the supply is low and the item is desirable (at least among one group of people), you can charge a higher price for it. I suppose the buyer then hopes that the value will appreciate. It was stamps today and it’s going to be potatoes tomorrow. Time to post a potato.