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GMartinFlag for United States of America

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what is the difference between a permalink and a hypertext link?

Hello and Good Evening Everyone,

            From my understanding so far, I have come to the conclusion that permalinks are preferred over hypertext links when any of the major search engines like Google or Yahoo are used to locate a site.  In other words, permalinks provide for a higher ranking as compared to hypertext links.   Permalinks are also easier for people to remember because there is not any complicated strings of code making up the URL.  Are these the only distinctions between permalinks and hypertext links which need to be kept in mind or are there others?

              Thanks
 
              George
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Dave Baldwin
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Thanks Dave and Jason for clearing up my confusion regarding hyperlinks and permalinks.  I especially appreciate the example links given to help illustrate the distinction between the two.