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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
More quotes by John Stossel
What happened under communism - and increasingly, is happening in America, as Joseph Sobran put it: 'Need' now means wanting someone else's money. 'Greed' means wanting to keep your own. 'Compassion' is when a politician arranges the transfer.'
John Stossel
Wealthier is healthier.
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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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I never wanted to be an anchor for 25 years, and suddenly I wanted to be one.
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I'm an American. I'm for prosperity. I've discovered, from 40 years of reporting, that what creates prosperity is limited government.
John Stossel
As a free person, I ought to be allowed if I'm dying to take something.
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
Take away the government's monopoly, and private groups will do it better.
John Stossel
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 Stossel
You can either invade a country or leave them alone and trade with them. When goods cross borders, armies don't.
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
When workers can get and equal return for less effort, workers make less effort
John Stossel
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.
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
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
The happiest stutterers, I learned, are those who are willing to stutter in front of others.
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
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
Patrick Henry did not say, 'Give me absolutely safety or give me death.' America is supposed to be about freedom.
John Stossel
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.
John Stossel
