re: Is Rick Perry the dumbest appointed secretary ever?

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Maybe next week Rick Perry will talk about beanie babies.

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It is literally what causes a recession. A huge malinvestment on a national scale, where companies vastly misread huge markets.

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Is Rick Perry the dumbest appointed secretary ever?

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I simply was amused by your shallow understanding of what you are talking about.

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This happens hundreds of times per year.

I mean, just sayin.......

Now, if you're asking, "Do I think companies create products that they don't believe there will be demand for when it hits the market", the answer is "no".

Alas, they aren't always right. Hence, the word "believe"

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Apparently it is YOU who doesn't understand supply and demand.

If you have multiple sources of energy available and once source has been priced out of the market by artificial means (government regulations) and then you remove those regulations thereby allowing producers to produce at a price that is cheaper than the alternatives then of course the demand for that product will go up.


Allow me to simplify so that liberals can try to keep up.

Let's say Bob grows apples for a living

Now let's say Tom grows Kiwis for a living.

Now, let's say apples are cheaper to grow and distribute, but the government believing that kiwis are better decides to put a prohibitive tax on apples. making apples cost 3X as much as kiwis.

Now obviously Bob is going to lose customers to Tom over this, as planned. Because who wants to pay 3X more for their fruit?

How is Bob going to react to this lack of demand? Of course he's going to cut the supply. So we can say that the government regulations resulted in a lack of apple supply, yes?

Of course we can.

So, if we then remove the regulations Bob is going to start growing apples again, And what happens if Bob starts growing apples again and they are cheaper than Kiwis as they were before the regulations? Oh thats right the supply of apples at the store creates a demand for those apples

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no I didn't do any such thing. Recognizing demand implies that they can always measure the demand even if sometimes wrong

But that is not always the case. Everyday products come out that consumers were entirely unaware of prior to their existence. Try harder next time because right now you sound like an eighth grader who took half an economics class

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