We free traders have often cited Apple's iPod, iPhone and iPad as perfect examples of the power of free trade and open markets. Now there's a fantastic new video from the Institute for Faith, Work and Economics which plays off Leonard Read's classic "I, Pencil" essay (made famous by Milton Friedman) and, I think, more clearly demonstrates in three minutes the benefits of free markets, specialization and global supply chains than three years of my blog posts:
Awesome stuff. Uncle Milty (whose 100th birthday is Tuesday) would be proud.
(h/t Andy Roth)
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