Twitter schools Rick Perry on basic economics after he speaks at a coal plant
If Econ 101 taught us anything, it's that supply follows demand. But U.S. Secretary of Energy Rick Perry interpreted the basic principle a little differently while at a coal plant in West Virginia Thursday.
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According to Market Intelligence energy reporter Taylor Kuykendall, Perry offered up some wisdom at a tour of the Longview Power Plant. "Here's a little economics lesson: supply and demand. You put the supply out there and the demand will follow."
DOE Rick Perry at coal plant:"Here’s a little economics lesson: supply and demand. You put the supply out there and the demand will follow."
— Taylor Kuykendall (@taykuy) July 6, 2017
But that's not how the laws of supply and demand are usually described. It's not all "build it and they will come" in the real world. Twitter noticed and called out the climate change-denying energy secretary.
That is literally the opposite of how it works. You create the supply to MEET the demand. Business isn't 'Field of Dreams', Rick Perry! https://t.co/ZdQqeLWtxT
— LardOfDorkness (@LardFDorkness) July 6, 2017
"Here's 100 lbs of coal."
"Um, I don't want this."
"Too late! You just got supplied, bitch!"— Jake Vig (@Jake_Vig) July 6, 2017
SON: Carrots are gross.
ME: If I keep giving them to you you'll like them.
*Puts 926 carrots on his plate*
ME: Why isn't this working? https://t.co/rguMtFcPfw— Red Dunphy (@red_dunphy) July 6, 2017
#RickPerry sprinkling some knowledge on us. pic.twitter.com/p4QQMKrzZ0
— Doug Smith (@_dougesmith_) July 6, 2017
This can be easily disproved. The world currently has a supply of 1 Rick Perry, but the demand is 0.https://t.co/KvgSXj7JOV
— Jess Dweck (@TheDweck) July 6, 2017
How's that for a little economics lesson.
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