As noted by Media Matters:
If you haven't seen Richard Wolff's take down of Bill O'Reilly and his incompetence when it comes to economics, it's worth your time.
Check out the video from Democracy Now! here: http://youtu.be/vhRFTi3kLUw
Richard Wolff on Bill O'Reilly: O'Reilly's "just making it up as he goes along to conform to an ideological position that is harder and harder for folks like him to sustain, so he has to reach further and further into fantasy."
Sounds about right. READ: 10 other examples of Bill O'Reilly flubbing economics: http://mm4a.org/YTCWyVBill O'Reilly, he's loud, obnoxious, and wrong.