Today's pacepalm award goes to...

What Perry said is MACROeconomic theory.

From the article:

Perry's definition of supply and demand does not match the long-held economic theory that describes the interaction between the supply and the demand of a product or service. The gist of the theory is, if the supply for a product is low but its demand is high, the product's price is likely to increase. If a product's supply is high and the demand for a product is low, however, the product's price is likely to drop.

That is MICROeconomics.

Of course the left wing thinks what Perry said is stupid. They are Keynesians, central planners, and/or Marxist/Neo-Marxist, etc. that reject classical MACROeconomic theories.

It is true that supply creates demand, but the big question is: what price will be agreed upon? Perry believes that demand is higher than we think because of the previous administrations ideological policies:

"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."
 
What Perry said is MACROeconomic theory.

From the article:

Perry's definition of supply and demand does not match the long-held economic theory that describes the interaction between the supply and the demand of a product or service. The gist of the theory is, if the supply for a product is low but its demand is high, the product's price is likely to increase. If a product's supply is high and the demand for a product is low, however, the product's price is likely to drop.

That is MICROeconomics.

Of course the left wing thinks what Perry said is stupid. They are Keynesians, central planners, and/or Marxist/Neo-Marxist, etc. that reject classical MACROeconomic theories.

It is true that supply creates demand, but the big question is: what price will be agreed upon? Perry believes that demand is higher than we think because of the previous administrations ideological policies:

"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."

Rick Perry can't even spell MACROeconomic theory.
 
Over the last 30 years, Nintendo has proven what causes demand to skyrocket to all new highs. They announce a console, hype it up like the best thing ever, put only 10 on store shelves, and then people go ballistic for the first year of its release.

Sony has proven what causes demand to fall to new lows. Hype up a console, put a shitton of them on shelves, and jack the price to the point where nobody can afford it.

And yes, I know the supply and demand curve.
 
Apparently Mr Perry is unfamiliar with the term 'glut'.
Pour a glut of something on the market and price plummets.
As with global petroleum production right now.
 
I object to a male being the first winner. We all know men will palm it if it moves, very unfair advantage!
 
Airheads asking if oppositional research will be outlawed, as if that is the central issue of "Russiagate."
 
Airheads asking if oppositional research will be outlawed, as if that is the central issue of "Russiagate."

Yes, the Trumpettes have been busy with the deflection and distraction efforts.

On CNN tonight a Trump Dope kept saying "point to the collusion," and each time in the e-mail collection Donnie Jr. provided the passages were pointed to saying, first, that the Russian government supported Trump and had information to help and, second, Donnie Junior's words "Love it. Maybe later in the summer" the broken Trump Dope record just went back to "point to the collusion."

These two phrases together not only represent collusion, but they also provide a time frame for the delivery that Donnie Junior was requesting on Russian involvement.

I trust that Mueller will understand the clear language of that and won't be deflected.
 
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