“I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market.” PeopleNeedsBelieveGovernmentJobsProtectLawyerConsumersFree MarketInterventionMarketplaceProtectorRegulators Author:John Stossel
“Most 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.” PeopleRunningTogetherPoliticalClassMillionsEconomyInformationNeededPercentEntrepreneurPropertyCongressInsightCriticalConsumersWiserPrivate PropertyObliviousPlannersHayek Author:John Stossel
“What I've learned in 40 years of consumer reporting is that the market is imperfect, and some people get ripped off.” PeopleYearsConsumersI've LearnedImperfectRipped Author:John Stossel
“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.” YearsProblemGovernmentWatchesSawsFailingReactionsConsumers Author:John Stossel
“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.” MadeHelpingSimpleSawsPraiseCompetitionConsumersCriticizeRegulation Author:John Stossel
