How Free Market produces a pencil

Have you ever found yourself sitting, staring at something like a pencil, wondering what it is composed of, where it came from, how it ended up with you? Milton Friedman did. A pencil, its different components made by different groups of people of different origins and put together by the force of free market coordinated by price. This won’t fascinate you until you think of all the processes and troubles you, yourself, would have to go through to make a single pencil with the same quality as what you are using now (taken into account of how inexpensive it is!). Then you will realize that the market is awesome!

This is flesh and bone what the study of economics is about! Watch it, I recommend!