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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
Schemes
Runs
Compared
Security
Small
Social
Scam
Running
Scams
Government
Medicare
More quotes by John Stossel
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.
John Stossel
It’s not about electing the right people. It’s about a narrowing their responsibilities.
John Stossel
Where I live in Manhattan and where I work at ABC, people say conservative the way people say child molester.
John Stossel
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.
John Stossel
People acting in their own self-interest is the fuel for all the discovery, innovation, and prosperity that powers the world.
John Stossel
Isn't allowing people a choice what America is all about?
John Stossel
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.
John Stossel
Living with the liberals, you get to hear their arguments, fight with them all the time. Keeps me alert.
John Stossel
Government has no wealth of its own. Before it gives anything to anyone, it must take from those who produced it.
John Stossel
All our rights are gradually eroded as government gets bigger.
John Stossel
Fraud will always exist. Enforcement of anti-fraud laws is a useful deterrent, but in the end there's no substitute for investor vigilance. Government regulations provide a false sense of security - and that's worth less than no sense of security at all.
John Stossel
I'm a libertarian. It's a terrible word.
John Stossel
Patrick Henry did not say, 'Give me absolutely safety or give me death.' America is supposed to be about freedom.
John Stossel
Patrick Henry didn't say, Give me safety, or give me death.
John Stossel
Companies don't get rich hurting their customers.
John Stossel
Take away the government's monopoly, and private groups will do it better.
John Stossel
Freedom works, and government, when it grows beyond the barest minimum, keeps people poor.
John Stossel
'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.
John Stossel
The one thing I've learned is that stuttering in public is never as bad as I fear it will be.
John Stossel
I never wanted to be an anchor for 25 years, and suddenly I wanted to be one.
John Stossel