The Magic of the Free Market: Pencils

Part 2 will demonstrate how the pencil was replaced by the handheld computer…

I watched this after reading an article on Bloomberg about the necessity for telecommunication companies to be regulated by the government so that everyone who needs a cel phone will have one, particularly during emergencies such as Sandy when towers were down as a result of these companies refusal to install emergency power systems. (Note tone of sarcasm.)

I use the cel phone as an example of the advances that can be made when the government is not squelching innovation like it has done with the auto industry. If I can do all that I can do with my smartphone after only 20 years of innovation, or so, imagine what we would be driving if government was not controlling the auto industry? Solar cars maybe that travel above us would be cool and would eliminate the frost heaves that we experience here in NH each winter!