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Rick Perry offered a ‘little economics lesson.’ It didn’t go so well.

 
 
 
ZiprHead

ZiprHead

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Rick Perry learned all he needed know about economics in an Amway seminar, where they preach that more people selling the same thing, means more sales.
 
This is less retarded than the average post on this website regarding supply and demand curves.
 
dismal said:
This is less retarded than the average post on this website regarding supply and demand curves.
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Could you expand on this thought? Is Rick Perry on to something here? How will greater production of coal increase demand for coal?
 
Keith&Co. said:
ZiprHead said:
“You put the supply out there, and demand will follow.”
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Well, Detroit knows that. If auto sales slump, they just supply more cars to stimulate the market...
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Perry's politics has been to supply us with endless stupidity. Considering how he and his minions can't get enough perhaps he's actually on to something when it comes to explaining republican, conservative politics.
 
Bronzeage said:
dismal said:
This is less retarded than the average post on this website regarding supply and demand curves.
Click to expand...

Could you expand on this thought? Is Rick Perry on to something here? How will greater production of coal increase demand for coal?
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No he can´t he´s just Dismaling over the thread even I am less vapid and my post history is 95% making fun of Derec and the rest of the short bus clansmen.
 
With regards to coal, and almost anything at all, Perry is an idiot.

It is not untrue that making something available can and does create demand for something, at least sometimes and for a period of time, however short lived that might be. Example: pet rocks. Who wudda thunk it? But they were quite popular for a time, despite being of no earthly use. Just checked amazon and you can purchase an entire pet rock, with box, leash and who knows what all? But amazing reviews! https://www.amazon.com/Rockinthebox...=UTF8&qid=1499614153&sr=8-1&keywords=pet+rock
 
Nobody ever demanded a pet rock.

There are many cases of created demand.

It happens all the time.
 
ZiprHead said:
“Here's a little economics lesson: supply and demand,” Perry said, according to Taylor Kuykendall of Standard & Poor's. “You put the supply out there, and demand will follow.”
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That's economic nonsense. There are lots of supplied things that don't induce much demand for them, like horse-drawn vehicles.
 
lpetrich said:
ZiprHead said:
“Here's a little economics lesson: supply and demand,” Perry said, according to Taylor Kuykendall of Standard & Poor's. “You put the supply out there, and demand will follow.”
Click to expand...
That's economic nonsense. There are lots of supplied things that don't induce much demand for them, like horse-drawn vehicles.
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For sure. If I wanted a drawing of a vehicle, I wouldn't demand that an animal with hooves should do it, how would it even hold the pencil?
 
Bronzeage said:
Rick Perry learned all he needed know about economics in an Amway seminar, where they preach that more people selling the same thing, means more sales.
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They sell it down the line to each other. Excellent. One seminar put me off though the shoe spray is excellent even if the price is inflated.

There again fashion can drive demand. Am increase in living will drive a demand for luxury goods and lower standards will open a demand for cut price institutions such as Walmart and Lidl
 
The lesson of the pet rock is missed by all who bring it up in this kind of conversation. The pet rock was a clever idea and it had it's day, a very short day. It did not increase the aggregate demand for aggregate.

If Perry's economic plan were actually put into place, the price of coal would fall, which might increase consumption, but it would not decrease costs of production. Mine owners would quickly be losing money on every ton mined. Unless Perry can find a way to force the price if natural gas up, coal will remain the ugly stepchild of the energy industry.
 
Bronzeage said:
The lesson of the pet rock is missed by all who bring it up in this kind of conversation. The pet rock was a clever idea and it had it's day, a very short day.
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And I really wonder if Pet Rock created a demand for Pet Rocks, or if it took advantage of an existing demand for 'novelties'? I imagine the stick figure families could have slotted into that same demographic if they'd been developed back then.
 
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