> Nobody believes that the guy who is moving coupons back and forth between various piles with specific timing has truly earned the load of goods he gains. Instead, they rightly feel like he is cheating the system and taking without giving back.
If you're talking about grocery store coupons, then that guy has absolutely earned the gains. Coupons are a form of price discrimination, i.e sell at a higher margin to people with a lot of money and less time but not lose the guy who has less money but more time on his hands. The stores do not sell below cost except for a few loss leaders, so the potato grower is still making a sale that might not have happened without the guy going coupon hunting.
It seems like they're talking about arbitrage, in which case there's essentially no risk involved, as the whole game is exploiting momentary differences in bid/ask price at different exchanges.
If you're talking about grocery store coupons, then that guy has absolutely earned the gains. Coupons are a form of price discrimination, i.e sell at a higher margin to people with a lot of money and less time but not lose the guy who has less money but more time on his hands. The stores do not sell below cost except for a few loss leaders, so the potato grower is still making a sale that might not have happened without the guy going coupon hunting.