Milton Friedman on The Magic of Prices [Original Speech]

Nobel Prize–winning economist Milton Friedman explains the power of the free market using the “pencil” analogy—inspired by the original 1958 essay I, Pencil by Leonard E. Read. JOIN us as a Youtube member for special perks: ❤️ https://www.youtube.com/channel/UC-RKpEc4eE9PwJaupN91xYQ/join SUPPORT our mission to create free video lessons on Patreon: ❤️ https://www.patreon.com/sprouts FOLLOW us on facebook: 👍 https://www.facebook.com/sprouts.schools/ DISCOVER more Sprouts Channels and our other projects here: ✨ https://bio.link/sprouts 1,000 THANKS to our patrons and members who made this video possible: 🙏 Abigail Bossio, abril!!, Alfred Holzheu, Anca Ilea, Andreea Manolica, ArkiTechy, Arlene Weston, azad bel, Binoy Pillai, Bradley Kilmovitch, Carmina Marinca, Cedric.Wang, Christoph Becker, Coach Moteib, deanme9, Dr. Matthias Müller-Mellin, Duane Bemister, Eva Marie Koblin, Frank Fox, Gerardo Enrique Nieto, glenys, Granson, Heart of Texas Play Therapy, LLC, Izzy, Jeffrey Cassianna, Jessica Ng Wun, Jim Pilgrim, Joanne Doyle, Jose Manuel Rodrigues, Karen Byrne, Kevin Deasy, Leonel, Liam Dalling, Linda Kinkead, Lorena, Lucia Simone Winston, Marcel, Mathias Hemetsberger, Mezes.Macko, Michael Paradis, Michel Kuhne, MzE, Oweeda Newton, Pablo, Patson_Lim, Rajko Damjanac, Raymond Fujioka, sameerr M, scripz, Sigrid, SleepySl0th, Stefan Gros, Super Mario, The Wermat Productions, Yvonne Rivers, 헤롱 헤롱 and all the others.Thank you! To join them visit www.patreon.com/sprouts COLLABORATORS Script: Jonas Koblin Cartoon artist: Pascal Gaggelli Producer: Selina Bador Voice artist: Matt Abbott Coloring: Nalin Editing: Peera Lertsukittipongsa Publishing: Vijyada Songrienchai On http://sproutsschools.com, you will also find: - Links to all our sources - Ideas for a classroom projects for each video - The full script, core graphics and additional resources - The video without background music (good for divergent minds)