Trade wars are back in fashion. And so is Milton Friedman. A video of Friedman explaining the miracle of the pencil has gone viral, amassing 42.5 million views and being shared by Elon Musk and many ...

"I, Pencil: My Family Tree" was first published in December 1958. This short essay — written from the perspective of a pencil — has become a timeless explanation of how free markets work, showing how ...

“I, Pencil” has since become one of the most widely used tools for teaching the benefits of free trade and market coordination. It gained additional popularity thanks to Milton Friedman, who often ...