One of Milton Friedman‘s best known examples of Free Market Economics came from Leonard E. Read who wrote a famous article published in 1958 entitled, “I, Pencil.” (Download the .pdf here.)
The basic concept is so full of common sense that it amazes me that it’s not required reading for every student, every civilian and every government politico of every country on the face of the earth. Get government out of the way of the free market, and the free market will take care of everything else.
It’s that simple.
Friedman’s timeless presentation of “I, Pencil” is well worth the 10 minutes it takes to view.
Proven throughout history, practical common sense transcends politics, and it is presented here for purposes of forwarding and linking and rocking and rolling on
The Overnight Open Thread.
Tags: birthday, economics, Leonard Read, Milton Friedman, Overnight Open Thread, Simple, Song At The Sea
