HackerTube / Video
Power of the Market - The Pencil
LibertyPen
A three-minute excerpt from Milton Friedman's Free to Choose in which he uses a pencil to show that no single person knows how to make it. He argues that the free market coordinates countless strangers peacefully.
HN uses it as the canonical illustration of decentralized production and global cooperation, often cited well outside economics threads.
8 Hacker News mentions · 2011–2019