What 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 StosselMadoff's scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare.
John StosselWhere I live in Manhattan and where I work at ABC, people say conservative the way people say child molester.
John StosselDavid Boaz has been my guide to the history, economics, and politics of freedom for years.
John Stossel