Competition leads both drug companies and private regulators to be trustworthy. If they are not trustworthy, they die.
John StosselThe one thing I've learned is that stuttering in public is never as bad as I fear it will be.
John StosselWhen entrepreneurs are free to compete, they grow the pie so that everyone's share gets larger.
John StosselMost people are oblivious to F.A. Hayek's insight that the critical information needed to run an economy - or even 15 percent of one - doesn't exist in any one place where it is accessible to central planners. Instead, it is scattered piecemeal among millions of people. All those people put together are far wiser and better informed than Congress could ever be. Only markets - private property, free exchange and the price system - can put this knowledge at the disposal of entrepreneurs and consumers, ensuring the system will serve the people and not just the political class.
John Stossel