Why do we exchange things? Because it makes us happier.

Via LearnLiberty, Why Do We Exchange Things?

The answer is simple. In voluntary exchange, both parties benefit. We exchange things because it makes us happier.

Gifts are often wonderful but the giver’s reward is the warm glow of altruism. Only the recipient is better off and only if they received something they wanted. In voluntary exchange, both people swap something they want less for something they want more: they are both better off.

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