Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

October 20, 2007

I, Pencil

by Doug Mataconis

Milton Friedman with one of the best explanations of the benefits of free markets and free trade ever:

H/T: Cafe Hayek

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  • somebody

    But what about the job of the man who actually spends a week crafting a crappy $200 pencil?

  • UCrawford

    Actually, that was Leonard Read’s explanation. He was the one who wrote “I, Pencil”.

  • Akston

    Thanks for the added information Crawford; good to know. Here’s a link to the full text.

    Whether he was the original author of this homily or not, I always love hearing Uncle Milty talk. I fondly remember watching his Free to Choose series.

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