Wow, he got the most basic Econ 101 aphorism completely wronghttps://twitter.com/taykuy/status/882998814549921793 …
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Replying to @arthur_affect
Guys guys guys he's not talking about Say's Law, Say's Law (which has been debunked) applies to the economy AS A WHOLE
1 reply 3 retweets 8 likes -
Replying to @arthur_affect
Say's Law says that the general supply of all goods and services creates its own demand in general, i.e. bc ppl generally work to get paid
1 reply 1 retweet 7 likes -
Replying to @arthur_affect
Perry is clearly talking about a PARTICULAR good, coal, and saying that supply of a particular good creates demand for that good
1 reply 2 retweets 13 likes -
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Replying to @arthur_affect
Coal is not unpopular bc the economy in general is in recession ok, it's unpopular bc it has been REPLACED BY OTHER GOODS
3 replies 30 retweets 84 likes
This appears to be the really big thing Republicans are in denial/openly lying about
4:42 PM - 6 Jul 2017
0 replies
3 retweets
29 likes
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