I am a print magazine-the ordinary paper magazine familiar to all boys and girls and adults who can read and write.
I, Magazine, simple though I appear to be, merit your wonder and awe. I am seemingly so simple, yet not a single person on the face of this Earth knows how to make me.
Fans of the great Leonard Read will recognize (and hopefully forgive) the bastardization of his lovely market parable, "I, Pencil." As Milton Friedman wrote of this brief, powerful essay by the founder of the Foundation for Economic Education: "I know of no other piece of literature that so succinctly, persuasively, and effectively illustrates the meaning of both Adam Smith's invisible hand-the possibility of cooperation without coercion and Friedrich Hayek's emphasis on the importance of dispersed knowledge and the role of the price system in communicating information."
While my affection for Read's essay remains undimmed, my faith in the mechanisms it describes has been tested over the last several months. I'm not alone in this: Consumers around the world are more aware than ever before of the workings of their supply chains and of what happens to prices and availability when those lines are strained. From the toilet paper shortage that kicked off the pandemic to the semiconductor crunch of 2022, it's been an education.
Until recently, I had only the vaguest grasp of the specific complex market that enabled the physical version of Reason magazine to come into being. This is as it should be; my ignorance was one of the great gifts of functioning markets.
Bu hikaye Reason magazine dergisinin August - September 2022 sayısından alınmıştır.
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Bu hikaye Reason magazine dergisinin August - September 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Libertarianism From the Ground Up
ARGUMENTS FOR LIBERTARIANISM typically take two forms. Some libertarians base their creed on natural rights-the idea that each individual has an inborn right to self-ownership, or freedom from aggression, or whatever-and proceed to argue that only a libertarian political regime is compatible with those rights.
Lawlessness and Liberalism
THE UNITED STATES is notorious both for mass incarceration and for militarized police forces.
Politics Without Journalism
THE 2024 CAMPAIGN WAS A WATERSHED MOMENT FOR THE WAY WE PROCESS PUBLIC AFFAIRS.
EVERY BODY HATES PRICES
BUT THEY HELP US DECIDE BETWEEN BOURBON AND BACONATORS.
The Great American City Upon a Hill Is Always Under Construction
AMERICA'S UTOPIAN DREAMS LEAD TO URBAN EXPERIMENTATION.
Amanda Knox Tells Her Own Story
\"OUR CRIMINAL JUSTICE SYSTEM RELIES UPON OUR OWN IGNORANCE AND THE FACT THAT WE DON'T KNOW WHAT OUR RIGHTS ARE.\"
Trade Policy Amnesia
WHILE HE WAS interviewing for the job, President Joe Biden demonstrated an acute awareness of how tariffs work. It's worrisome that he seems to have forgotten that or, worse, chosen to ignore it-since he's been president.
Civil Liberties Lost Under COVID
WHEN JOE BIDEN was sworn in as president in January 2021, he had good reason to be optimistic about the trajectory of the COVID-19 pandemic.
Bye, Joe
AMERICA'S 46th president is headed out the door. After a single term marked by ambitious plans but modest follow-through, Joe Biden is wrapping up his time in office and somewhat reluctantly shuffling off into the sunset.
Q&A Mark Calabria
IF YOU HAVE a mortgage on your home, the odds are that it's backed by one of two congressionally chartered, government-sponsored enterprises (GSES), Fannie Mae and Freddie Mac.