This one video, in five and a half minutes, captures every ounce of wonder, joy, mysticism and optimism I feel when I study economics, and it does so in a way anyone can grasp and embrace.
Milton Friedman did a great off-the-cuff summary of this idea on PBS, and I've recommended that clip for years. The catchy graphics and updated supply chains featured in this new video give Milton a run for his money. When you add in this companion video, you end up with a straightforward, refined and elegant summary of why I believe so strongly in capitalism and the power of markets.
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