Verse I Tradin’ this for that, call it tit for tat We all face tradeoffs and that’s a fact because Everything is in finite supply That’s the reason why we all sell and buy
Next up is rule deuce, the next best use Of money or time defines its true value It’s more convoluted than just the simple cost What else could you do? What opportunities are lost?
Decisions at the margin, yeah that’s the key To understanding principle #3 Take your present situation and assume that it’s the best If a change is worth more than it costs, then that’s your test
Lesson #4: it’s like the carrot and the stick We break it down so you can see what makes the world tick So why do we do the things that we do? It’s a system of incentives that we all respond to
Chorus Demand, supply Listen up, learn this, and you’ll know why We work, we buy The price is right when the competition’s alive (x2)
Verse II Everyone in society can benefit from trade #5 is a reminder that we shouldn’t let hope fade Just use what you’ve got to produce your best The money that you make will buy the rest
Lesson 6 is a trick, the invisible hand Buyers and sellers clear markets without the man The market system almost always prevails But recognize, too, that markets can fail
Because of monopolies and the troubles they create Uncle Sam comes along and he’s gotta regulate That’s lesson #7: when government’s there They oversee to guarantee that competition is fair
#8 says the future of a national State Relies on services and products people create If we sell and excel and we keep doing well Then the money keeps going ’round just like a carousel
Chorus
Verse III #9: keep an eye on that money supply Printing too much paper sends prices sky high A dollar means nothing, it’s just a nice name If what it represents doesn’t stay the same
Number 10: there’s a tradeoff in the short run Between unemployment and inflation I really can’t explain the whole situation You want the full story? Step up your education!