Author Topic: "I pencil"...too long to quote  (Read 344 times)

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Offline deestafford

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"I pencil"...too long to quote
« Reply #-1 on: August 18, 2014, 09:08:28 AM »
There is a great story called "I pencil"  which is too long for me to quote here but it is such a great lesson for us to appreciate the market.  Go to YouTube.com and search "I pencil" and you will find numerous videos on it.  There are two versions...one long in two parts and a short one by Milton Friedman. Depending on your time available look at Milton Friedman first (2 1/2 minutes) and then look at the other two part expansions.  I think it will be very interesting.  I've used it in talks for years.  Dee
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Offline spuds

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Re: "I pencil"...too long to quote
« on: August 18, 2014, 01:54:49 PM »
Thank you for that,very interesting

http://www.econlib.org/library/Essays/rdPncl1.html
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