Thanks to Don Boudreaux for bringing this video to my attention.

Here's a 2-minute video of one of history's greatest economists explaining the basics of capitalism in a way that few people ever could...in plain English:
http://www.brightcove.tv/title.jsp?title=31580507

The video is based on the classic economics essay, "I, Pencil", by Leonard Read, published in 1958. You can read the essay as well as some short comments by Milton Friedman here:

http://www.econlib.org/LIBRARY/Essays/rdPncl1.html

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