Olde Hornet
Well-Known Member
This is a problem in broader america, most dont understand basic economics!
Perry takes it to a new level.
http://www.cbsnews.com/news/rick-perry-on-economics-supply-it-then-demand-will-follow/
Rick Perry on supply and demand economics: Supply it, then demand will follow
Secretary of Energy Rick Perry sparked disbelief on Twitter Thursday after he tried to offer an economics lesson while touring a coal plant in West Virginia.
"Here's a little economics lesson: supply and demand. You put the supply out there and the demand will follow," Perry said, responding to a question about a shale gas boom in comments captured by S&P Global Market Intelligence reporter Taylor Kuykendall.
"The market will decide which of these — they're going to pick and choose," Perry continued at Longview Power Plant. "I mean, that's really pretty simple. All too often, you have in the last eight years, you have an administration that was over here putting its thumb on the economic scale as well as the technology scale because they said this is where we want to go."
A reporter attempted to ask a follow-up question about the prevalence of shale gas, which Perry called a "good thing," before West Virginia's Democratic Sen. Joe Manchin took over the question.
http://www.cbsnews.com/news/rick-perry-on-economics-supply-it-then-demand-will-follow/
Rick Perry on supply and demand economics: Supply it, then demand will follow
Secretary of Energy Rick Perry sparked disbelief on Twitter Thursday after he tried to offer an economics lesson while touring a coal plant in West Virginia.
"Here's a little economics lesson: supply and demand. You put the supply out there and the demand will follow," Perry said, responding to a question about a shale gas boom in comments captured by S&P Global Market Intelligence reporter Taylor Kuykendall.
"The market will decide which of these — they're going to pick and choose," Perry continued at Longview Power Plant. "I mean, that's really pretty simple. All too often, you have in the last eight years, you have an administration that was over here putting its thumb on the economic scale as well as the technology scale because they said this is where we want to go."
A reporter attempted to ask a follow-up question about the prevalence of shale gas, which Perry called a "good thing," before West Virginia's Democratic Sen. Joe Manchin took over the question.
