In fact, everything you know about supply and demand — everything you ever learned — is wrong. Bill O’Reilly says so. Gasoline prices came down recently not because high prices reduced demand and because damaged refineries came back online. No. According to Bill O’Reilly, gas prices came down because CEO’s of major oil companies got scared of all the reports he did on the subject: O’REILLY: I have guys inside the five major oil companies – my father used to work for one of those oil companies by the way – who have told me that in those meetings they … Continue reading Mises, Rothbard Wrong on Supply & Demand