“Its not a serious story guys, It’s like a little radio ad and you guys run like lap dogs to report it. … It’s not a burp, it’s barely a fart.”
Texas Governor Rick Perry says come on down to California businesses. In a recent ad, Governor Perry bought $24,000 of airtime to broadcast this message in California. Governor Jerry Brown responded, ” “Its not a serious story guys, It’s like a little radio ad and you guys run like lap dogs to report it. … It’s not a burp, it’s barely a fart.”
Economists, unlike politicians, try to quantify issues like this. One common measure of supply and demand is the rental rates for trucks for one-way trips between two destinations. I used U-Haul’s rates for a 14 foot truck between Burbank, CA and Dallas, TX. The Burbank to Dallas rate was $1,546.00. Dallas to Burbank: $829.00. Conclusion: more people want to move from Burbank to Dallas than vice-versa.
Governor Brown has changed a lot over the decades between his terms as governor. Unfortunately, he doesn’t seem to have learned any economics.