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	<title>Comments on: I, Pencil</title>
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	<link>http://www.thefreemanonline.org/featured/i-pencil/</link>
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		<title>By: As I See It &#187; Presumptuous Congress thinks it can . . .</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-18997</link>
		<dc:creator>As I See It &#187; Presumptuous Congress thinks it can . . .</dc:creator>
		<pubDate>Fri, 13 Nov 2009 04:25:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-18997</guid>
		<description>[...] an essay you should read titled “I Pencil” on the numerous intricacies of the various market forces required to successfully design and bring [...]</description>
		<content:encoded><![CDATA[<p>[...] an essay you should read titled “I Pencil” on the numerous intricacies of the various market forces required to successfully design and bring [...]</p>
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		<title>By: I, Toaster</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-18552</link>
		<dc:creator>I, Toaster</dc:creator>
		<pubDate>Wed, 28 Oct 2009 18:54:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-18552</guid>
		<description>[...] artist puts a passage from a Douglas Adams novel to the test, and ends up recreating my favorite economics parable. Thwaites may well end up making some approximation of a modern toaster, but he&#8217;ll come [...]</description>
		<content:encoded><![CDATA[<p>[...] artist puts a passage from a Douglas Adams novel to the test, and ends up recreating my favorite economics parable. Thwaites may well end up making some approximation of a modern toaster, but he&#8217;ll come [...]</p>
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		<title>By: Rudy Fritsch</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-18474</link>
		<dc:creator>Rudy Fritsch</dc:creator>
		<pubDate>Mon, 26 Oct 2009 01:09:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-18474</guid>
		<description>Hi;
We are interested in publishing &#039;I Pencil&#039; on TGSI web site...could you advise if this is permissible, re copy rights etc...
Thanks
Rudy Fritsch
Editor in Chief</description>
		<content:encoded><![CDATA[<p>Hi;<br />
We are interested in publishing &#8216;I Pencil&#8217; on TGSI web site&#8230;could you advise if this is permissible, re copy rights etc&#8230;<br />
Thanks<br />
Rudy Fritsch<br />
Editor in Chief</p>
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		<title>By: The Conscience Of A Libertarian &#171; prashonomics</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-18285</link>
		<dc:creator>The Conscience Of A Libertarian &#171; prashonomics</dc:creator>
		<pubDate>Mon, 19 Oct 2009 05:24:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-18285</guid>
		<description>[...] I, Pencil: Oh, I could not sign off an introductory post on libertarianism and free-market capitalism without linking to this little gem of  a masterpiece now, could I ?! A stunning narration of the magical effects of Adam Smith&#8217;s invisible hand told from the perspective of an ordinary pencil. [...]</description>
		<content:encoded><![CDATA[<p>[...] I, Pencil: Oh, I could not sign off an introductory post on libertarianism and free-market capitalism without linking to this little gem of  a masterpiece now, could I ?! A stunning narration of the magical effects of Adam Smith&#8217;s invisible hand told from the perspective of an ordinary pencil. [...]</p>
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		<title>By: Cait</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-18185</link>
		<dc:creator>Cait</dc:creator>
		<pubDate>Fri, 16 Oct 2009 02:12:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-18185</guid>
		<description>Good. But I agree with Tommy, it&#039;s not always true. Sometimes self-interest serves the party as a whole but not always. The wonderful way in which the pencil was made can also be a horrifying one. Here&#039;s an excerpt with the same basic idea, but an entirely different outcome:

http://www.sightline.org/publications/books/stuff/stuff_excerpt</description>
		<content:encoded><![CDATA[<p>Good. But I agree with Tommy, it&#8217;s not always true. Sometimes self-interest serves the party as a whole but not always. The wonderful way in which the pencil was made can also be a horrifying one. Here&#8217;s an excerpt with the same basic idea, but an entirely different outcome:</p>
<p><a href="http://www.sightline.org/publications/books/stuff/stuff_excerpt" rel="nofollow">http://www.sightline.org/publications/books/stuff/stuff_excerpt</a></p>
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		<title>By: Tommy</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-18184</link>
		<dc:creator>Tommy</dc:creator>
		<pubDate>Fri, 16 Oct 2009 01:45:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-18184</guid>
		<description>Yes, this paper was written well. And yes, it has some good and legitimate points. However, to take this as the only reality is overly simplistic. Read asserts that every individual who acts in self-interest will make a positive contribution to the community as a whole. We know that this is not always the case. Sometimes those acting only on self-impulse can often be damaging to everyone else around him. Just look at the recent financial crisis as an example. Weren&#039;t many of them just looking out for &quot;No. 1&quot;, and where did that get us? Who was hurt the most? There needs to be a balance. Without government, our water and food would be more unsafe, there would be no one to stop criminal activities, we wouldn&#039;t have roads or bridges, or schools, etc. It would be total chaos. 

What is freedom? Take driving for example. Are our freedoms are taken away when we aren&#039;t &quot;free&quot; to go whatever speed we want? Don&#039;t speed limits actually give us the freedom to drive on the roads in a safer environment, feeling more secure? Not all regulation is bad. Not all government action is bad. In much the same way, not all government action is good. North Korea demonstrates this all too well and in many other areas alike. There is no simple solution. No single right answer.

Really think about what people are saying. Don&#039;t just follow blindly because someone said it well. Many aspects of this essay are true. But just remember it is not always so.</description>
		<content:encoded><![CDATA[<p>Yes, this paper was written well. And yes, it has some good and legitimate points. However, to take this as the only reality is overly simplistic. Read asserts that every individual who acts in self-interest will make a positive contribution to the community as a whole. We know that this is not always the case. Sometimes those acting only on self-impulse can often be damaging to everyone else around him. Just look at the recent financial crisis as an example. Weren&#8217;t many of them just looking out for &#8220;No. 1&#8243;, and where did that get us? Who was hurt the most? There needs to be a balance. Without government, our water and food would be more unsafe, there would be no one to stop criminal activities, we wouldn&#8217;t have roads or bridges, or schools, etc. It would be total chaos. </p>
<p>What is freedom? Take driving for example. Are our freedoms are taken away when we aren&#8217;t &#8220;free&#8221; to go whatever speed we want? Don&#8217;t speed limits actually give us the freedom to drive on the roads in a safer environment, feeling more secure? Not all regulation is bad. Not all government action is bad. In much the same way, not all government action is good. North Korea demonstrates this all too well and in many other areas alike. There is no simple solution. No single right answer.</p>
<p>Really think about what people are saying. Don&#8217;t just follow blindly because someone said it well. Many aspects of this essay are true. But just remember it is not always so.</p>
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		<title>By: Judith</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-17990</link>
		<dc:creator>Judith</dc:creator>
		<pubDate>Thu, 01 Oct 2009 20:15:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-17990</guid>
		<description>Mr. Rogers taught us how pencils are made.  Mr. Read taught us.</description>
		<content:encoded><![CDATA[<p>Mr. Rogers taught us how pencils are made.  Mr. Read taught us.</p>
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		<title>By: Kendra Hawkins</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-17984</link>
		<dc:creator>Kendra Hawkins</dc:creator>
		<pubDate>Thu, 01 Oct 2009 14:51:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-17984</guid>
		<description>I&#039;m an 18 year old college student at SBU Missouri, and I thought that essay was ingenious. Very creative, original, and so very true. I wish more people put thought into this kind of stuff. Who knows what difference it could make? :)</description>
		<content:encoded><![CDATA[<p>I&#8217;m an 18 year old college student at SBU Missouri, and I thought that essay was ingenious. Very creative, original, and so very true. I wish more people put thought into this kind of stuff. Who knows what difference it could make? <img src='http://www.thefreemanonline.org/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Bryan Scott Boyce</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-17458</link>
		<dc:creator>Bryan Scott Boyce</dc:creator>
		<pubDate>Thu, 17 Sep 2009 04:44:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-17458</guid>
		<description>Mr. Hudson is short sighted and he presents an argument that a fourth grader could easily dispel. The Federal Government has dictated a monopoly is establishment and regulation of the postal business. They can hardly compete even while they make the rules and try everything possible to stifle competition.  Mr Read is trying to advocate freedom as the catalyst for the best possible conditions for  the production of markets, goods and services and even divisions of labor which you claim are corrupted by capitalism. What hogwash. The cost of labor is decided by the price the market will bear unless it is dictated by government edict. (Like minimum wage, and other anti capitalistic laws.)</description>
		<content:encoded><![CDATA[<p>Mr. Hudson is short sighted and he presents an argument that a fourth grader could easily dispel. The Federal Government has dictated a monopoly is establishment and regulation of the postal business. They can hardly compete even while they make the rules and try everything possible to stifle competition.  Mr Read is trying to advocate freedom as the catalyst for the best possible conditions for  the production of markets, goods and services and even divisions of labor which you claim are corrupted by capitalism. What hogwash. The cost of labor is decided by the price the market will bear unless it is dictated by government edict. (Like minimum wage, and other anti capitalistic laws.)</p>
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		<title>By: Walter Hudson</title>
		<link>http://www.thefreemanonline.org/featured/i-pencil/comment-page-1/#comment-16626</link>
		<dc:creator>Walter Hudson</dc:creator>
		<pubDate>Fri, 07 Aug 2009 22:33:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/i-pencil/#comment-16626</guid>
		<description>I guess Mr. Geiger posting above proves the old adage: &quot;those that can do, those that can&#039;t teach.&quot;  What with his own inability to demonstrate economic literacy, is it any wonder this self-professed economics guru gets up his soapbox spewing forth a recklessly shameful, oversimplified, misleading and inaccurate comparison of the cost of oil to the cost of postage.  

Funny how he goes to the effort to describe the wondrous distribution system of the oil refiners to &quot;many retail outlets,&quot; but fails to enlighten his pupils as to a) the incremental cost difference resulting from the hundred million or more additional distribution destinations there are in delivering mail to hundreds of millions of businesses and households, b) the incremental cost of doing so on a daily basis as opposed to retail refinery deliveries ending up at your local gas station twice a week.  Impressively, Mr. Geiger is able to squeeze an additional artifice in his logic by further conjuring up the misleading image of postal deliveries being sent &quot;across the street.&quot;   

I&#039;m not taking a position as to which system is better, but the problem with kneejerk reactionaries like Mr. Geiger is they have a funny way of distorting the truth, misleading those looking for information and ultimately muddying the waters in what could be a spirited and intellectually honest debate.  We&#039;re never going to solve any of our most serious problems until dishonest fringe lunatics like Mr. Geiger can come to the table with honest, open dialog and logically constructed, factually supported arguments.  Until then, this country&#039;s in the toilet, demagogues from the left pitted versus angry, fear-mongerers from the right in a gruesome death spiral, with no hope for solving our problems and no progress for our children and our future.

I had two further intersting thoughts after reading I, Pencil.

First, the author concludes that nobody will endeavor to think of a way to do something the government is already doing, that we&#039;re so limp and conditioned we can&#039;t build a better mousetrap, yet this piece was published in 1958, Fred Smith graduated HBS in 1959 and went on to found Fed Ex shortly thereafter.  Since that time UPS has also blossomed.  I guess this author missed the mark with his predictions of doom and gloom at having a government run US postal system.  

I loved the illustration of all the thousands of pieces and people that come together to get a pencil into the hands of a pupil, and it made me think again, how ignorant it is when folks like Mr. Geiger take to oversimplifying complex problems, and further, it begs the question, while capitalism is great, is gutting the middle class to reward crony capitalists and high level execs to the tune of the highest income gap in our nation&#039;s history the cause of so much of our nation&#039;s anger and divisiveness?  When I read the I, Pencil piece, I have to ask why should a journeyman exec earn $50 million a year when his average employee makes less than 1 thousandth his salary, if like the pencil, bringing a successful product to bear is the result of myriad factors and efforts?</description>
		<content:encoded><![CDATA[<p>I guess Mr. Geiger posting above proves the old adage: &#8220;those that can do, those that can&#8217;t teach.&#8221;  What with his own inability to demonstrate economic literacy, is it any wonder this self-professed economics guru gets up his soapbox spewing forth a recklessly shameful, oversimplified, misleading and inaccurate comparison of the cost of oil to the cost of postage.  </p>
<p>Funny how he goes to the effort to describe the wondrous distribution system of the oil refiners to &#8220;many retail outlets,&#8221; but fails to enlighten his pupils as to a) the incremental cost difference resulting from the hundred million or more additional distribution destinations there are in delivering mail to hundreds of millions of businesses and households, b) the incremental cost of doing so on a daily basis as opposed to retail refinery deliveries ending up at your local gas station twice a week.  Impressively, Mr. Geiger is able to squeeze an additional artifice in his logic by further conjuring up the misleading image of postal deliveries being sent &#8220;across the street.&#8221;   </p>
<p>I&#8217;m not taking a position as to which system is better, but the problem with kneejerk reactionaries like Mr. Geiger is they have a funny way of distorting the truth, misleading those looking for information and ultimately muddying the waters in what could be a spirited and intellectually honest debate.  We&#8217;re never going to solve any of our most serious problems until dishonest fringe lunatics like Mr. Geiger can come to the table with honest, open dialog and logically constructed, factually supported arguments.  Until then, this country&#8217;s in the toilet, demagogues from the left pitted versus angry, fear-mongerers from the right in a gruesome death spiral, with no hope for solving our problems and no progress for our children and our future.</p>
<p>I had two further intersting thoughts after reading I, Pencil.</p>
<p>First, the author concludes that nobody will endeavor to think of a way to do something the government is already doing, that we&#8217;re so limp and conditioned we can&#8217;t build a better mousetrap, yet this piece was published in 1958, Fred Smith graduated HBS in 1959 and went on to found Fed Ex shortly thereafter.  Since that time UPS has also blossomed.  I guess this author missed the mark with his predictions of doom and gloom at having a government run US postal system.  </p>
<p>I loved the illustration of all the thousands of pieces and people that come together to get a pencil into the hands of a pupil, and it made me think again, how ignorant it is when folks like Mr. Geiger take to oversimplifying complex problems, and further, it begs the question, while capitalism is great, is gutting the middle class to reward crony capitalists and high level execs to the tune of the highest income gap in our nation&#8217;s history the cause of so much of our nation&#8217;s anger and divisiveness?  When I read the I, Pencil piece, I have to ask why should a journeyman exec earn $50 million a year when his average employee makes less than 1 thousandth his salary, if like the pencil, bringing a successful product to bear is the result of myriad factors and efforts?</p>
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