Leonard Read’s “I, Pencil”

~100 words, ~1 min reading time

This is a short essay that I will attempt to make shorter…

No one knows the full process of how to make even a simple pencil. Rather, it is accomplished by each person using their limited know-how to accomplish tiny steps in the process, with the steps being coordinated by mutually beneficial exchange.

Because simple things are so complicated, it is important to allow people maximum freedom to create and improve processes, and to engage in exchange.

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