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The Pencil Story

In Milton Friedman's pencil story we grasped the difficulty of one person manufacturing pencils today – cutting down the wood, mining the graphite, producing the paint, and distributing them. The pencil depends on the cooperation of countless people working in free markets (and on the Brits who first invented them in the 16th century).

Thomas Sowell takes the pencil story in a different direction, one of interest to Brits who in Liberty! The Timeline are famous for protesting and overturning taxes and taxmen, and who are now facing the highest income taxes in their history.

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