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" ... Early on, I wrote a piece I thought would be useful to teachers titled “Profit Is Not a Four Letter Word,” where I described very simply how Adam Smith’s invisible hand worked—the role of profit as a motivator and financer, the role of prices in allocating resources, the role of private property rights, the role of competition as a regulator, and how it all came together to result in individually-motivated actions leading to the common good, as if by some “invisible hand.” So, the first item on my recommended list usually was Adam Smith’s invisible hand. ... "
" ... “If I wasn’t able to step in and use my self-directed IRA funds as the initial financer of the house, I believe the transaction would have fallen through,” he says. ... "