The wonders of the invisible hand,

Allocates goods best throughout the land

The profit motive balances supply and demand,

This is one major job of the invisible hand.

Less government is a lot more,

Let’s limit their size and power some more.

Private property rights are just and fair,

Those who wish to limit this, beware.

Competition is the best foundation,

Monopolies are an abomination.

Price agreed by buyers and sellers is the best,

Other forms of allocation should be laid to rest.

Economic freedom gives one the right to choose,

If you chose unwisely you deserve to lose.

If you don’t like it you don’t need to buy,

Price and value matter, that’s why.

Laissez Faire is the best way to go,

Governments are inefficient and way too slow.

Inequality is natural over periods of time,

But unequal “opportunity” is the true crime.

Large corporations love regulatory creep,

But more rules just cut small companies deep.

Economic transactions should be voluntary,

Doing so makes all involved more the merry.

Fixing exchange rates is very silly,

They should be free to go willy-nilly.

Price controls and quotas on production,

Will lead to much economic reduction.

Governments enforce the rules and should not give and take,

The voluntary choices consumers have are not governments to make.

The Tragedy of the Commons should be prevented,

This is one reason why capitalism was invented.

The higher the value of the good or service that is done,

The more profit that is amassed by those who won.

If you fail to use capital efficiently in your construction,

You will suffer creative destruction.

Capitalism has raised the standard of living for many this season,

Efficient mass production of cheap goods for all is one reason.

Have a great Christmas and a Happy New Year!

Thanks for reading.

Nathan Kowalski CPA, CA, CFA, CIM is the Chief Financial Officer of Anchor Investment Management Ltd. and the views expressed are his own.

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