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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
Security
Small
Social
Scam
Running
Scams
Government
Medicare
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More quotes by John Stossel
I never wanted to be an anchor for 25 years, and suddenly I wanted to be one.
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Unions say, 'Education of the children is too important to be left to the vagaries of the market.' The opposite is true. Education is too important to be left to the calcified union/government monopoly.
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There's no business that's too small for government to torture
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As a free person, I ought to be allowed if I'm dying to take something.
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Government has no money of its own. All it does is take resources from one group and given them to another.
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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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Prosperity comes from leaving people free in a legal system that respects their persons and property so they can pursue their dreams while taking responsibility for their actions.
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Patrick Henry didn't say, Give me safety, or give me death.
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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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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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Government has no wealth of its own. Before it gives anything to anyone, it must take from those who produced it.
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Companies don't get rich hurting their customers.
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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.
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When workers can get and equal return for less effort, workers make less effort
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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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People acting in their own self-interest is the fuel for all the discovery, innovation, and prosperity that powers the world.
John Stossel
Wealthier is healthier.
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Freedom works, and government, when it grows beyond the barest minimum, keeps people poor.
John Stossel
Patrick Henry did not say, 'Give me absolutely safety or give me death.' America is supposed to be about freedom.
John Stossel
I was a closet stutterer.
John Stossel