Milton Friedman - Lesson of the Pencil Video

Milton Friedman uses a pencil to illustrate how the free market price system promotes cooperation and harmony among those with no common interest. http://www.LibertyPen.com

Source: Milton Friedman Speaks
Buy it: http://www.freetochoose.net/store/product_info.php?products_id=152

Are you stupid? Not ...
Are you stupid? Not everybody from China/Asia is? American.

They are better off ...
They are better off, and happy that they have a job. People like you would like to take that away from them and cause them to remain in poverty. China is rising all the time. The factories will shift soon to another cheap labor area and bring better standards of living there as well. The? true poverty can be found where there are no factories, and where the people are not allowed or unable to migrate in search for jobs.

Do you know what ...
Do you know what you? can do to fight that? Don't buy an Ipad.

This is a brilliant ...
This is a brilliant analogy.?

This should be ...
This should be shown to all mercantilists, from the left and right, who are against free trade. RIP from? Greece (if we had listened to him, we wouldn't have been in the sh*t we're in now).

"Without coersion ...
"Without coersion or a gun to their head..." There is an? invisible gun that is comprised of hunger, health, and home. All that is required for life occurs naturally and freely, but our system in which everything is owned by someone you must "earn a living".

That pencil will ...
That pencil will now cost you? $3 (U.S. toilet paper dollars of coarse) R.I.P. Milty

What I would've ...
What I would've done to be a? student of his.

So I guess when you ...
So I guess when you buy an Ipad you're? giving the chinese 2 minutes of your time to convince them modern day slavery is ok.

@DomeSwag was it ...
@DomeSwag was it trolling? or was a? fact? or both?

@enmanuel300 your a ...
@enmanuel300 your a liberal that's why your here that means your in opposition to Chavez am I right? well Chavez has done a lot more then any past neoliberal presidents OK don't lie and tell me he is destroying democracy(your watching Globovision) or inflation is high(which is not) or crime is high (which was true at one point? 2009 dropped since) or Chavez shut down RCTV which is not true they didn't renew the licence (now there on Cable/satellite)

@MrDICKHEAD28 I'm a ...
@MrDICKHEAD28 I'm a venezuelan and I dont like your comment about how good is chavez government. Sorry if? I misspelled.

@MrDICKHEAD28 LOL. ...
@MrDICKHEAD28 LOL. Touche', you have successfully trolled? me.

@imamrauf Barack ...
@imamrauf Barack obama ?? Racist!

@DomeSwag Liberals ...
@DomeSwag Liberals have no souls and careless about the destruction they do to people and the environment? and blame anyone but themselves all in the name of money that's a filthy Liberal

@MrDICKHEAD28 ...
@MrDICKHEAD28 Oncemore, you simply refuse to justify what you say. You're entire 'argument' consisted of personal attacks, emotional appeals, and completely unsupported claims. This universe, the one we both live in, is governed by logical absolutes. Humankind survives because it acknowledges these and engages in rational discourse with itself. People like you are specifically the type of people that would have died outside of modern society - you cannot think on your own. You ignore logic.?

@DomeSwag ...
@DomeSwag Neoliberals destroys the environment and mankind so what is your problem? oh that's right your a liberal you see nothing wrong with? that yeah liberals needs there meds and there Straitjackets on and you call yourself reasonable LOL rrrrright

@MrDICKHEAD28 ...
@MrDICKHEAD28 Justify that. I've yet to see far-left liberals function on anything more tangible than ideals. Show results, justify yourself with reason. There is not a single self-regulating system which benefits from the intervention via a consolidated power (see human intervention on ecosystems, for example). Case studies on bureaucratically heavy nations consistently reveal the squalor which it promotes. Until you display your rightness, one should stick to the reasonable man on the right.?

@SpicyItalian739 ...
@SpicyItalian739 Socialism is salvation from mentally sick Neo-Liberals like you who only poison the people with false hope like Mr. Friedman who? is a con is just like televangelists (benny hinn, Pat Robertson)

Typical intolerant? ...
Typical intolerant? racist Commie collectivist prick.

@imamrauf NEO- ...
@imamrauf NEO-LIBERIALISM CREATES MORE INEQUALITY JUST LOOK AT LATIN AMERICA NOW ? HUGO CHAVEZ IS REAL HOPE JUST LOOK AT HIS ACHIEVEMENTS AND GDP ITS DOESN'T LIE MILTON FRIEDMAN IS A THIEF AND JEW

that's kind of ...
that's kind of like? my math class.

@ShamanMcLamie well ...
@ShamanMcLamie well put, it amazes me how many people of this generation (of my own age group) do not understand the worthlessness of currency? itself, but rather the worth is at the trade that took place to aquire it.

@think4everyone No ...
@think4everyone No it isn't making money, but improving ones lot in life. Money is just a tool to facilitate trade, basically a promise for something in the future. It's so we don't have to all have storage sheds full of crap? we don't need and figure out how to trade that pig for a Ice Cream bar.

@ ...
@LogicalFlawDetector lol?

@Visda58? Dips**t ...
@Visda58? Dips**t, Asian American =/= Chinaman.

@1871bismarck I ...
@1871bismarck I suspect Friedman would say the same? thing.

@Visda58 dude? this ...
@Visda58 dude? this was in the 70s, get some context

@Visda58 Oriental ...
@Visda58 Oriental is more accurate. ?

@Visda58 shut the f ...
@Visda58 shut the f*** up donny?