Earth Day is upon us, and with it come the usual predictions that doom is upon the planet. But how good is the prediction track record of environmental doomsters? Over the last 50 years, they've been batting a 1.000 -- all wrong:
This year marks the 60th anniversary of the publication of one of the more important educational essays on the principles and power of free markets: "I, Pencil," by Leonard Reed. You can read the essay here -- and we urge you to do so. But if you've only got a couple of minutes to spare, the nearby video features the great Milton Friedman discussing the essay.