This article was published by The McAlvany Intelligence Advisor on Wednesday, September 18, 2019:
Economist Murray Rothbard was a central intellectual figure in economic thinking called the Austrian School. He brilliantly applied common sense to the study of economics that Keynesians had distorted out of all proportion.
One of his primary principles rankles Keynesians to this day: Consumers determine prices, not producers. Accordingly, those producers exist at the mercy and discretion of consumers.
Staffers at National Public Radio (NPR) bought the Keynesian line.