Posted on 07/06/2017 4:08:41 PM PDT by Timpanagos1
It worked for pet rocks. It worked for Steve Jobs big league. It is a big gamble. But sometimes it does work.
It’s is also known as Supply and Demand Cost Curve. For any given amount of supply there is a price that will bring demand into equilibrium. So Perry is absolutely correct given that the price will drop as supply increases. At some point the price would drop enough that the demand for coal will increase. Now profitability would be another matter n
You mean like the Ford Edsel and New Coke?
In the case of a commodity like shale gas, which is what he was responding to, he was technically correct. You put your supply out there, and the demand will most definitely follow. However, the demand is reduced somewhat by your supply,and so the price may not hold at its rate prior to your announcement of new supply.
Sez the King of Crony Capitalism and Wind Farm Subsidies.
Note to Trump: I don’t know what you feel you owe Rick Perry, but he did not deserve the office you appointed him to. He fails in basic economics.
More like the Apple II.
On the other hand, why is the leftist media complaining about this? The left has been pushing supply-side economics as a gospel for more than a century now. That’s the logic behind many government subsidies.
“No demand, then no supply.”
Freshman Economics question.
Compare and contrast the Command Economy of the Soviet Union and the Demand Economy of the United States.
Is that the name of a spazmatic soul band?
Dems have realized that you can create demand for digital tv receivers, low flow toilets, alternate cooling systems for air and food, and non-filament light bulbs if you outlaw the old technology.
Just like the Edsel, New Coke, Betamax, and ObamaCare.
It’s actually the opposite.
Take air. There is PLENTY of it. Even though everyone needs air to live, there’s so much, no one needs to pay for it. Since nature, as they say, abhors a vacuum, air gets into almost every nook and cranny on Earth.
No one buys air, Rick.
Same goes for rocks and sea water. Oversupply.
yes, in the sense that i need to supply myself with another bottle of india pale ale.
think global, act local :-)
No it’s that spazmatic device that spins on a table.
Yes, and at some point the price drops below the price of production....
I always knew this guy was an overrated idiot, like his predecessor.
Think Iphone
Government will fine you for NOT taking it! :-D
“I always knew this guy was an overrated idiot, like his predecessor.”
Perry is so daft that he does not understand that he advocated a Soviet style command economy.
“That is true but you might have to pay people to take it.”
Apparently while in his Texas A&M Economics class, they did teach Perry that.
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