John Stossel
John Stossel
John Frank Stosselis an American consumer television personality, author, and libertarian pundit. In October 2009, Stossel left his long-time employment at ABC News to join the Fox Business Channel and Fox News Channel. He is the host of a weekly news show on Fox Business, Stossel, which was first broadcast on December 10, 2009. Stossel also regularly provides analysis, appearing on various Fox News programs, which include weekly appearances on The O'Reilly Factor. He also writes a Fox News Blog,...
NationalityAmerican
ProfessionJournalist
Date of Birth6 March 1947
CountryUnited States of America
Current government regulation interferes with honest voluntary exchanges by imposing arbitrary terms and requiring tons of paperwork disclosing information no one wants anyway.
Madoff's scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare.
Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.
If government were less important in our lives, politicians would have fewer goodies to trade. In return, we'd have more money and more freedom.
Competition leads both drug companies and private regulators to be trustworthy. If they are not trustworthy, they die.
I had to watch government fail for 25 years doing consumer reporting before I really saw it because intuitively, the reaction is problem, bring government and government will make it better.
I saw how the regulation I called for made things worse, didn't help consumers and simple competition was better. And I started praising business and occasionally criticizing regulation.
I was ashamed for people to see me struggle.
Central authority is bad. The bias should be for freedom. And without a central authority, there are lots of little authorities, and we learn which ones to trust.
A thousand restaurants close every month. They re-open, and that's good for America. Nobody's rescuing them. They employ people, too. If we let them go bankrupt, the factories don't go away, the creative people don't go away. They get employed more productively by others.
The politicians should not tell the people to shut up.
[T]he only way to shrink the trade deficit is for the government to prohibit us from buying whatever we want.
What I've learned in 40 years of consumer reporting is that the market is imperfect, and some people get ripped off.
We have all kinds of government compensation systems that are much more efficient than the lawyers.