What are the laws of economics? Depends on your political party

Economics obeys a number of well-known laws.  Interestingly, conservatives and liberals disagree on what those laws are.  For example, conservatives agree on the Laws of Supply and Demand, which say that when the demand for a good or service exceeds its supply, the price of that good or service must necessarily increase.

Thus conservatives think the best way to keep, say, energy prices low is to have a lot of it, produced here in the USA.  By contrast, Democrats evidently think scarcity doesn't make prices rise.  Thus on Biden*s first two days in office he killed a big oil pipeline (that had already started construction!) and ended oil and gas leasing on federal land, and in the oil-rich Gulf of Mexico.

Cool, eh?  The price of gas is already 20% higher than when biden*harris took office--but that has nothing to do with biden*s actions, citizen!  Nope nope nope!  Simply a coincidence!

Or take the Democrats' push to raise corporate taxes:  Conservatives know that companies always "pass through" higher taxes to customers, in the form of higher prices.  By contrast, Democrats seem to believe that's not true.  Cuz if they believed higher taxes were passed along to customers, raising the corporate tax rate would make Americans pay more, so why do it?

Finally, conservatives know that higher costs of every input to a good or service is always passed on to customers thru higher prices.  By contrast, Dems believe you can raise the federal minimum wage without pushing prices up--that companies will simply absorb the higher labor costs.  

My guess is that the Dems aren't that dumb, but cunningly understand that most Americans simply don't know anything about economics, thus would never connect higher prices with an increased minimum wage.  And in that they're probably right.