8 Views· 05/19/24· Education

Milton Friedman - 1 Pencil

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(credits: Free to Choose Network) https://www.youtube.com/watch?v=67tHtpac5ws
Milton Friedman points out the remarkable degree of cooperation between people from many different countries, who’ve never even met, to make what appears to be a very simple product – a pencil. The free market encourages cooperation between strangers. And the end result is that we all benefit – in this case, by having pencils to use.

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