Good Company

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Friday, July 06, 2012

Things You Ought to Read: "I, Pencil"

How about a short piece that, well, ought to warn of the dangers of arrogantly assuming that production of a needed good can be driven from above?

Or, as is written in the introduction to "I, Pencil",
This is a message that humbles the high and mighty. It pricks the inflated egos of those who think they know how to mind everybody else’s business. It explains in plain language why central planning is an exercise in arrogance and futility, or what Nobel laureate and Austrian economist F. A. Hayek aptly termed “the pretence of knowledge.”
You will find the entire work by Lawrence W. Reed here.


  1. Every now and then, Mark Levin will read that essay on the air.