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Milton Friedman Speaks: The Operation of the Free Market

YouTubeFoundation for Economic Education

Milton Friedman Speaks: The Operation of the Free Market

No one knows how to make a pencil alone. In this clip from “Free to Choose”, Milton Friedman tells the story of “I, Pencil,” written by Leonard Read. What’s remarkable is the immense complexity hidden behind such an ordinary object. The pencil’s humble look conceals a true miracle of human cooperation. Its production requires ...

4.6K views4 weeks ago

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