Liar
now with 17% more class
- Joined
- Dec 4, 2003
- Posts
- 43,715
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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.
The question is which is the better dancer.Rick Perry ain't my favorite person either, but that doesn't excuse the media publishing intellectually dishonest articles.
Rick Perry ain't my favorite person either, but that doesn't excuse the media publishing intellectually dishonest articles.
Airheads asking if oppositional research will be outlawed, as if that is the central issue of "Russiagate."