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Stossel on Impact of Big Government

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  • Description

    FBN’s John Stossel on his new book, “No They Can’t”, and the power of the free market.

  • Duration 9:00
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No they candor is about one.

What I learned in those three decades actually for decades that everything you think you know about economics.

Is wrong or is it.

-- think you know it's not so and so much of its.

Counter intuitive in the sense that government can fix the economy and make our lives better is just wrong.

But individuals -- ought to it's -- cool things from air conditioning flush toilets most of the good stuff we have.

It's from individuals in spite of government awarded -- definitely on the government.

-- -- -- -- -- -- I think it before that Thomas Jefferson said it's the natural progress of things for government to grow.

And if you think about it we grow up with mommy and daddy taken care of us.

Our ancestors screw up and tribes were there were a hundred people if you didn't do with the tribal leaders said -- maybe it's starve if you harvested the fruit at the wrong time.

And didn't live long enough to give birth to the people who gave birth to -- so -- programmed to.

Follow the planners but that doesn't work in a country of 300 million people are -- world of seven billion.

But there are those who -- observations.

Particularly those countries -- -- credentials society.

Of people -- want freestyle.

That's one other problem with big government what she condition people to think that somebody else is gonna bring used off.

Frederick -- of the worst part in -- road to socialism is that it changes the character of the people makes us pass it.

According -- problems hiring people.

Mostly -- New Mexico for whatever reason.

All because people that's in some cases.

One rather -- To make just as much money.

-- close -- -- by being.

On -- stamps and welfare and unemployment than it network and when you factor -- -- to get to work -- -- conventional.

Sure and they're also less happy that way because what makes you happy is work and for your success earning your money.

But the people who free load off food stamps or whatever or not the big problem the big problem are us wealthier people who get handouts from government and Medicare because people the baby boomers I for what I'm -- and then I rudely.

Refuse to -- and -- well if free stuff they've promised and all the best medical care that's now available -- -- know they can't -- -- Want to be able to do this morning.

By government fails.

But individuals succeed.

What's that's what's -- demand coupled favorable.

It's a happy story because individuals do six -- -- -- in in so many ways to -- don't anticipate things would work out if you leave people alone mean impersonal market forces.

It's hard to explain to people the invisible hand it's invisible or -- called the spontaneous order.

And think about at this if you'd never seen a skating were.

And I told you are greedy businessmen and you're the regulator should -- be approved -- want to bring to speak ice rink in New York.

And people strip sharp blades to their feet and -- around young and old different skill levels and my only role he have to go counter clockwise.

Intuitively you'd say no -- got to have skating stoplights or skating police are banned it.

But it does work out there is a spontaneous order.

That it's the free market in the larger sense in the whole world and we should respect that and stop -- it.

-- -- error and -- -- A -- it I can't get Imus how can I get to America are no like I said.

The got to get to me now that's right you have to get to somebody with a attention span of -- -- That's my skating -- story was just too long.

On journalism I don't know -- -- them skating counter clockwise in my head right now are -- acknowledgment strategy -- the couple patience.

You have sex and everybody what a -- but we'll -- -- Ideas have sex classes say they're like -- DI stole from a British writer that.

The beauty of working with six people I have a staff announced box and -- -- before that is that they all research.

The world and we get together and there are ideas.

Merge -- -- give birth to new ideas that are often better.

And you're describing sectional ideas having sex but unchanged -- whatever works.

Now subject of friend a -- of your arguments.

In that context.

And you can reach idiots like -- Well I only have six in the prostitution chapter part all next book output more sex introduce apart all legalize prostitution.

I support.

Adults being treated do anything that's peaceful talking so I would be men and women.

Share -- -- While -- -- on the salamander alma wanted to buy the book on account I don't run up.

And in dedicated to him a -- -- -- Well because my life is a therapist and she doesn't learn name out there -- so her patients -- know who her husband it.

Are Canadian or -- discernible line.

I could've done refugees seems sort of general on -- and I'm on.

Her -- -- -- -- Narnia.

Now out of -- -- is okay got a third positioning.

He's one of those who sit down and you talked about it for fifteen minutes and -- film.

Right almost -- to have the coast.

Nobody wants to listen in morning.

What women like to listen to each other wants to this story about how women do better psychologically after the divorce in the explanation was that.

Women on average have six close friends that they share in -- software.

And men on average of one and it's usually the ex wife.

Hello.

And I'm -- -- problem.

So I'm looking through fixing the economy.

We'll start their -- for one.

Well this is Roy and humiliating myself travelling around the country with a sign allied radio listeners can't say hey don't I can't say this I have this fantasy that people -- -- state houses with and saying no you can't leave us alone.

Nine they probably won't but maybe my -- But they might sort of -- -- chapter on fixing our economy.

-- an economy means one.

That in the economy is not like an orchestra that need to conductor doesn't eighty jump start -- three people left alone.

Will make themselves prosperous -- government doesn't get in the way you talk about the stimulus but.

Think -- I have -- charity where I take my old videos and an offer free high school teachers and one of the more popular ones is one where I asked the high school kids why is America prospers.

And most of the world is not where we -- 87 billion people on earth two billion live -- -- to a day.

And they have no idea that one -- is I know we have democracy and we have natural resource.

They say India has natural resources India's poor.

And they of democracy they say India's overpopulated.

Actually the population density of India and New Jersey are about the same New Jersey does okay now.

I think about Hong Kong it has no natural resources it's just a rock and no democracy never had -- they had the British rulers and now the Communist Chinese.

And yet Hong Kong made itself rich in just fifty years went from Third World the first were.

Because they had what it takes we know what what works economic freedom and rule of law.

You need rule of law to make sure you're being very good you're willing to build the factory is you know the dictator -- -- what you make -- And then the British rulers gave him that and then they sat around the drink -- They left three people alone.

You know what's -- same accent.

Thank goodness.

-- don't make sense to you mean it's outrageous.

Billions of people living in dire poverty free markets could lift them out and not residential main -- can reach me.

Current sentiment.

Lowest common denominator Anaheim -- exactly right when it comes off like -- -- -- a period.

John Stossel.

Won some money awards in this annoying man -- That's fallen center best seller already.

This is destined to be another.

Ever be hopeful of -- -- just wanted to -- lives.

Because it will help mr.

Style -- news and then -- Russell pleasant message.

But it will make me what goes and what I want to bonuses and expect this is about me -- so all he comes in this morning to Borchardt onto its.

-- wonder -- grade of around 10 o'clock couple hours from now there's some time.

There was an autopilot -- -- great holiday outlook for real Cold War or -- There's Imus under on this -- and styles and collect.

-- -- don't -- -- -- government.

Know they can't buy.

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