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Rick Perry didn’t understand the Department that he now runs, but he REALLY doesn’t understand basic economic theory

By Matthew Dicks | July 7, 2017 | Comments Off on Rick Perry didn’t understand the Department that he now runs, but he REALLY doesn’t understand basic economic theory

Department of Energy Secretary Rick Perry was at a coal plant in West Virginia yesterday. He said this: “Here’s a little economics lesson: supply and demand. You put the supply out there and the demand will follow.” Just so we’re clear. THIS IS THE OPPOSITE OF HOW ECONOMICS WORKS.  Supply does not produce demand, especially…

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