Literally thousands of people co-operated to make this pencil. Or the yellow paint! Or the paint that made the black lines. This brass ferrule? I haven’t the slightest idea where it came from. This red top up here, this eraser, a bit of rubber, probably comes from Malaya, where the rubber tree isn’t even native! It was imported from South America by some businessmen with the help of the British government. This black center-we call it lead but it’s really graphite, compressed graphite-I’m not sure where it comes from, but I think it comes from some mines in South America. The wood from which it is made, for all I know, comes from a tree that was cut down in the state of Washington. There’s not a single person in the world who could make this pencil. In a clip from the show (several versions are available on YouTube alone, totaling over 200,000 views, not counting multiple tribute videos), Friedman distills his argument into a two-minute-and-forty-one-second parable about a common household object: In 1980, Milton Friedman presented his vision of how the free market might bring about world peace in a 10-hour PBS broadcast series called Free to Choose. Charlotte Perkins Gilman, Women and Economics He is not seeking to get something into himself, but to put something out of himself.” “'I want to mark!’ cries the child, demanding the pencil.
Jacket flap.Why has pencil making proved a seductive metaphor for spontaneous order?
Their analysis of what went wrong and how to correct it, so forcefully and clearly expressed in this book, is vital to America's future economic health. Milton and Rose Friedman assert our free society is in danger. If you have ever wondered why you are paying someone else's old-age pension instead of saving for your own old age, why the Federal Reserve doesn't control inflation and recessions as it was set up to do, why some industries and some workers get a better shake than the rest of us, whether equal opportunity for all also has to mean that everyone gets the same income regardless of productivity, this book is for you.
And then they tell us what to do if we want to expand our freedom and promote prosperity. They show us how our freedom has been eroded and our prosperity undermined through the explosion of laws, regulations, agencies, and spending in Washington, how good intentions often produce deplorable results when government is the middleman. In this powerful and persuasive book two distinguished economists, Milton Friedman and his wife, Rose, unravel the mysteries of economics for the man or woman in the street (Wall Street or Main Street).
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