UNPOSSIBLE: Rick Perry Out-Stupids Rick Perry

Business Insider reports:



On Thursday, US Secretary of Energy Rick Perry flubbed one of the most fundamental lessons of modern economics. “Here’s a little economics lesson: supply and demand. You put the supply out there, and the demand will follow,” he said at a coal plant, according to Taylor Kuykendall, an energy reporter at S&P Global Market Intelligence. Contemporary mainstream economists generally agree that the reverse is true: demand is the driver.