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.
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
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
Gimme Shelter - The U.S. confronts a growing homelessness problem. Does Miami have the answer?
The U.S. confronts a growing homelessness problem. Does Miami have the answer?
AI Is Coming for Hollywood's Jobs
But so is everyone else.
AI Can Do Paperwork Doctors Hate
With help from AI, doctors can focus on patients.
Antitrust May Smother the Power of AI
Left alone, AI could actually help small firms compete with tech giants.
A Brief, Biased History of the Culture Wars
THE FIRST PAR AGR APH of the book jacket lays it out: “There is a common belief that we live in unprecedented times, that people are too sensitive today, that nobody objected to the actions of actors, comedians, and filmmakers in the past.
FAMILIES NEED A VIBE SHIFT
THE AUTHORS OF FOUR NEW BOOKSWITH 24 KIDS BETWEEN THEM-SAY THE AMERICAN FAMILY NEEDS A COURSE CORRECTION.
"The Past Is There To Teach Us What Can Happen'
Hardcore History's Dan Carlin on hero worship and moral assumptions in the study of the past
Cutting Off Israel
ENDING U.S. AID WOULD GIVE WASHINGTON LESS LEVERAGE IN THE MIDDLE EAST. THAT’S WHY IT’S WORTH DOING.
WHAT CAUSED THE D.C.CRIME WAVE?
GOVERNMENT MISMANAGEMENT, NOT SENTENCING REFORM OR SPARSE SOCIAL SPENDING, DESERVES THE BLAME.
States Turn Their Backs on Criminal Justice Reform
IT WAS IMPOSSIBLE to avoid the “strange bedfellows” cliché when reading about the criminal justice reform movement in the 2010s.