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.
John StosselDavid Boaz has been my guide to the history, economics, and politics of freedom for years.
John StosselUnions say, 'Education of the children is too important to be left to the vagaries of the market.' The opposite is true. Education is too important to be left to the calcified union/government monopoly.
John StosselWhat private property does is connect effort to reward, creating an incentive for people to produce for more. Then, if there's a free market, people will trade their surpluses to others for the things they lack. Mutual exchange for mutual benefit makes the community richer.
John StosselWhat would you think of a person who earned $24,000 a year but spent $35,000? Suppose on top of that, he was already $170,000 in debt. You'd tell him to get his act together - stop spending so much or he'd destroy his family, impoverish his kids and wreck their future. Of course, no individual could live so irresponsibly for long. But tack on eight more zeroes to that budget and you have the checkbook for our out-of-control, big-spending federal government.
John Stossel