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Madoff's scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare.

John Stossel

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John Stossel
Age: 77
Born: 1947
Born: March 4
Journalist
Reporter
Television Presenter
Writer
Chicago Heights
Illinois
John Frank Stossel
Social
Scam
Running
Scams
Government
Medicare
Schemes
Runs
Compared
Security
Small

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Private businesses ought to get to discriminate.
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David Boaz has been my guide to the history, economics, and politics of freedom for years.
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All our rights are gradually eroded as government gets bigger.
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We have all kinds of government compensation systems that are much more efficient than the lawyers.
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Take away the government's monopoly, and private groups will do it better.
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'Live and let life' used to be a noble approach to life. Now you're considered compassionate if you demand that government impose your preferences on others.
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I like taking the subway to work.
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The people who tried government regulation have lives which are miserable.
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A system that rewards politicians skilled at campaigning - which is the art of creating an illusion - and that puts hundreds of billions of coerced taxpayer dollars at the disposal of the winners will tend to attract men and women with a comparative advantage in manipulation.
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Living with the liberals, you get to hear their arguments, fight with them all the time. Keeps me alert.
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I was bullied as a kid, and I got a job on television. And I had a camera. And so I wanted to go after those business bullies. And I just have been following that instinct.
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Asking someone in the media about liberal bias is like asking a fish about water. 'Huh, what are you talking about? Where is it?'
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The political class can't imagine a decentralized world where good things happen...without them. But in the real world, that's exactly how good things happen, and how jobs are created. When government sets simple rules that everyone understands and then gets out of the way, free people create jobs.
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A handful of people who probably never even ran a small business actually think they can reinvent the health care system.
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People acting in their own self-interest is the fuel for all the discovery, innovation, and prosperity that powers the world.
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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.
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Companies don't get rich hurting their customers.
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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.
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