Rick Perry Says Come On Down to California Businesses

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[pullquote]”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.”[/pullquote]

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.

Burbank To Dallas

Burbank To Dallas

 

 

Dallas To Burbank

Dallas To Burbank

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.