Touting coal, Perry confuses supply and demand (Actually, Perry is correct, CNN is wrong)

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Rick Perry is correct about economics and Say's Law, and the Keynesian economists and economically illiterate reporters are wrong: "...economists pushed back on Perry's statement Friday. 'It's an old assertion named Say's Law and it's wrong. It's that simple,' said Doug Holtz-Eakin, president of the American Action Forum, a center-right think tank."- John Stossel

Energy Secretary Rick Perry confused the relationship between the fundamental forces in an economy while extolling the Trump administration's embrace of the coal industry, economists said.
"Here's a little economics lesson: supply and demand. You put the supply out there and the demand will follow," he said Thursday, according to Standard & Poor's Taylor Kuykendall.....

http://www.cnn.com/2017/07/07/politics/rick-perry-supply-demand/index.html

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Say's Law Of Markets

The Say's law of markets is an economic rule that says that production is the source of demand. According to Say's Law, when an individual produces a product or service, he or she gets paid for that work, and is then able to use that pay to demand other goods and services.

Read more: Say's Law Of Markets http://www.investopedia.com/terms/s/says-law.asp#ixzz4nKzhjsQE