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Leighton Smith Podcast: Michael Schmidt on supply and demand theory, molecular biology, virology and immunology

On this week's podcast:
Michael Schmidt left New Zealand after gaining a BSc and MSc in molecular biology, virology and immunology from Otago. He returned ....

New Zealand , Hong Kong , Michael Schmidt , Demand Theory ,

Detailed text transcripts for TV channel - FOXNEWS - 20120307:23:44:00

The price would go down. that would increase the incentive to use more of it, which would cause the price to go back up. bret: so you support the president s lower demand theory instead of supply? no, i m saying that, i m saying that no matter what you do, there will be a market for the fuel. you can t permanently reduce the price or increase it either. there is a supply/demand effect you use less of it, it becomes cheaper. if it comes cheaper, you use more so on and so on. bret: newt gingrich hammered this home again and again. on the trail. today at a gas station. is this issue, is this vulnerability for the white house in the general election, if this issue fertile ground for republicans even though you don t get too down in the weeds. $2.50, i can make it happen overnight. do people believe that? ....

President Obama , Bret Baier , Demand Theory , Demand Effect , Newt Gingrich , White House , Gas Station , 2 50 ,