On American Prosperity
by Michael Doyle

Chronicling the rise of American exceptionalism
Rides on the back of rugged individualism
A laissez-faire approach, not excessive regulation
Freedom and ingenuity are what built this nation

Yet others claim that Hamilton inspired activism
Has been the leading spur of financial optimism
I would make the case that it's only in the haze
Looking back, we sloppily forget the  passing days

By doing this, we lose our way, becoming sentimental
And forget that, for the most part, tariffs are detrimental
America's takeoff began in the 1840s as tariffs went down
Consumers could buy more when the free market wore the crown

The argument for high tariffs is pure Keynesian at best
Such interventionism has often failed history's test
This isn't just a matter of half-baked ideology 
The evidence rests on the chronology of financial history

Practical wisdom empirically evidences the foundation
That built the spectacular greatness of our nation
Obama's ignorant claims that the government built this
Is nothing but folly that the lemmings assuredly miss

Flying over the cliff, we find too much for too little value
Wall Street finds that manufacturing tends to devalue
The easy money of speculation is hard and fast, not concrete
Perhaps a little or a lot of both is needed to be complete

It's not an either/or proposition where either prevails
And the example of Japan proves the monumental fail
To the contrary, when China allowed private property
For that period, the economy became financial history

It seems that each of these work hand in hand
And it doesn't seem hard or problematic to understand
That the push and pull of government and private society
Are a combination that must be worked for our prosperity

(c) April 16, 2025    Michael Doyle
All Rights Reserved