Monday, July 30, 2012

Fantastic Video: "I, Smartphone"

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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