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Milton Friedman Explains Global Cooperation with a Pencil

LibertyPen · Explainer · YouTube title: Power of the Market - The Pencil
Why it's here

HN uses it as the canonical illustration of decentralized production and global cooperation, often cited well outside economics threads.

What it covers

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.