trailing-edge

A two-minute clip in which Milton Friedman uses a humble pencil to show how thousands of strangers across many countries cooperate, without central direction, to make a simple product. It is a short visual version of the 'I, Pencil' essay's argument about free markets and dispersed knowledge.

Short Curious Droid video on why NASA could not simply rebuild the Saturn V's Rocketdyne F-1 engine for the SLS boosters. It explains that the engines were hand-tailored and that much of the know-how was never documented, so the blueprints were not enough.

3Blue1Brown explains the math and mechanics behind Bitcoin visually: ledgers, digital signatures, proof of work and the blockchain, building up a decentralized payment system from first principles.

A short explainer on the history and mechanics of public key cryptography and the Diffie-Hellman key exchange. It uses a mixing-paint-colors analogy to show how two parties can agree on a shared secret in public.

Technology Connections explains how LED traffic lights, which do not melt snow, drew complaints and were blamed for accidents. He uses it to illustrate the 'but sometimes' fallacy against new technology.

A scene from The Big Short in which Jared Vennett pitches credit default swaps on mortgage bonds to a hedge fund team, using a Jenga tower to illustrate collateralized debt obligations.