Supply and demand and supply …

Energy Secretary Rick Perry is supposed to know about these things.

He was governor of Texas for a zillion years. Before that he was lieutenant governor. Before that he was the state’s agriculture commissioner.

He’s supposed to know some basic economics, or one should think. Yes? OK. He went to West Virginia today and spoke at a coal-fired power plant. Then the secretary said this: “Here’s a little economics lesson: supply and demand,” Perry said, according to reports. “You put the supply out there, and the demand will follow.”

To borrow a word that Perry himself made famous during the 2012 Republican presidential primary campaign: Oops!

I believe the secretary had it exactly backward. My understanding of economics suggests this: Demand drives supply, not the other way around.

Or, as The Hill reported: “Twitter users were quick to find fault with Perry’s use of the term, which is defined in the dictionary as the law that ‘an increase in supply will lower prices if not accompanied by increased demand, and an increase in demand will raise prices unless accompanied by increased supply.'”

Check out some of those tweets.

This won’t signal the end of the world or anything like that. I just recall how candidate Donald Trump ridiculed his 2016 GOP opponent for donning eyewear to “make himself look smart.” That was a cruel cut, to be sure.

However, if the president is going to surround himself with “the best people,” as he promised, then he needs them to articulate a basic economic tenet about supply and demand.