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Sep 01 2019

Elizabeth Warren vs the Pencil

Most advocates of economic liberty have heard of “I Pencil,” an influential 1964 essay in which Leonard E. Read used the standard No. 2 pencil to demonstrate why it is crucial that Big Government get out of the way and allow the Invisible Hand of capitalism to make us all wealthier. But Elizabeth Warren is no advocate of economic liberty.

Gardner Goldsmith has a good laugh at her cluelessness in using the pencil as an example of why Big Government must crush the very free market that makes the pencil possible:

The ability of the free market to produce a pencil is a miracle. A widespread appreciation of that miracle would save liberty from the termites like Elizabeth Warren who have been eating away at it. Here’s why, in Read’s words:

For, if one is aware that these know-hows (i.e., disparate skills and technologies needed to make a pencil) will naturally, yes, automatically, arrange themselves into creative and productive patterns in response to human necessity and demand — that is, in the absence of governmental or any other coercive masterminding — then one will possess an absolutely essential ingredient for freedom: a faith in free people. Freedom is impossible without this faith.

Warren calls her proposed Marxist power grab “economic patriotism.” She knowns nothing about economics or patriotism. How can an American be a patriot without faith in free people?

But she does know how to climb to the top of a dung heap by pretending to be an Indian.

On a tip from KirklesWorth.

One Response to “Elizabeth Warren vs the Pencil”

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