At least he didn’t wave to those people at Memorial Day ceremonies or speak of CorpseMen.
And no Rick Perry should not seek higher office.
When you got true pent up demand, yes. But one cannot push a rope that nobody is trying to pull.
Totally depends on the product and the price.
Expensive electric cars? Nope.
Cheap and fun electronics? Yep.
I’m not sure I agree with him
Id you put the supply out there at the right price, the demand will follow.
Rick Perry, who refy’d his soul with Angelo Mozilo and Countrywide.
How many more payments does he have on that deal?
“Say’s Law of markets is an economic rule that says that production is the source of demand’
Supply creates its own demand.
seems to work for that “My Pillow” guy...
Fidget Spinners.
Explain this Rick -
Top 25 Biggest Product Flops Of All
https://www.aol.com/article/finance/2016/05/25/top-25-biggest-product-flops-of-all-time/21383586/
That is true but you might have to pay people to take it.
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
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.
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 :-)