John Stossel: “Market discipline is the only real protection”

April 11, 2012

Writer

Somehow libertarian John Stossel survived over 20 years at ABC before finally making it over to Fox. The man who Glenn described as, “one of my favorite guys on TV,” joined Glenn this morning on radio to discuss his new book, No They Can’t: Why Government Fails and Individuals Succeed.

Of the 28 years that Stossel spent at ABC, 20 of them were as a libertarian fighting the left and big government. John told Glenn that had “enough of winning Emmy awards and bashing business – I want to explain how government is the bigger problem …and that fight went on for 20 years.”

John’s new book explains a fascinating new theory: small government goes against intuition.

“They no they can't is a reaction to the Obama campaign’s "yes we can",” John told Glenn, “and that came to mean government – and I do think that's instinctive. When we're scared we think we have to turn to government for a solution.”

Stossel used the example of September 11th. “After September 11th I was scared in New York, and they said “we have to have government run airline security.” That made sense to me,” he told Glenn.

He went on to explain that the Senate voted 100 to 0 to federalize the TSA, which we now know isn’t very good. “People don’t know that it [the TSA] costs ten times the old screener costs,” John explained.

Stossel continued this point by using the example of San Francisco, the one big city that still allows the use of private screeners. The screeners are more friends and the lines move more quickly.

“By the TSA’s own tests they find more contraband,” he said. “They’re just better, because they’re a private company, and they don’t want to lose the contract and they do things like run contests for their screeners. It’s great.”

“You could have given me a $1 million. You could have put a $1 million prize. I could have polled the audience and phoned a friend, and we still wouldn’t have been able to guess which city has privatized security being San Francisco,” Glenn said. “How in the hell did that happen?”

John explained that the airport manager in that city just so happened to be the first to use the clause in the law that allows cities to opt out. The TSA has since begun to ignore this requests cities are putting in for the clause, because so many want to opt-out.

“Glacier national park in Montana, where they have triple the amount of traffic in summer, the TSA doesn't adjust the work force,” John said, “it’s a government bureaucracy.”

“You say intuition says corporations are out of control, and government has to police them,” Glenn said to John.

John explained that on the surface it seems much more complicated that market forces could protect you. It seems much easier that corporations need to be controlled so that they don’t go out of control. But, that’s not the case. The corporations get out of control when they don’t reap any of the consequences of their actions. “If they’re out of control, if they hurt their customers, they shrink – they go out of business,” John said.

“That makes sense,” Glenn said. “Because the financial sector is out of control, but it would have solved itself if they would have collapsed back in ’08. They would have learned their lesson.”

“And the investors would have been wiser,” Stossel added. “Market discipline is the only real protection.”

Glenn agreed with John, but no one is getting this message across to the American people.

“If it goes against intuition and the media will not put reasonable people on—maybe there's a flash of light here and there like you were on the ABC—but you can't get into the system to say the American people, ‘look I know your gut says this, but it's the wrong way to go.’ How do you change that? How do you get people to say I want small government?” Glenn asked John.

“I think there's one simple way,” John answered. “You give all your friends a copy of No They Can’t: Why Government Fails and Individuals Succeed.”

“So your book is the key to happiness, and Utopia?” Pat joked. “Wow.”

“It's a Libertarian's dream, and something that we need to read, understand and be able to explain to our friends,” Glenn concluded, “because their gut will tell them the opposite way to go.”

What will happen while Glenn is away on vacation?

As many of you now know, Glenn has taken off for a much-deserved, two-week vacation with strict orders not to watch the news. Well, two weeks is a long time in the news world, and a LOT can happen while Glenn is away.

What do you think will happen while Glenn is away? Will Biden take another fall? Will the government finally confess knowledge of alien lifeforms? Let us know what you think below.

Will the Government confirm the existence of aliens?

Is Biden going to fall again?

Will Kamala Harris become president?

Will Hillary Clinton announce her candidacy for president?

Will AI start an uprising?

Will World War III start?

Will Bud Light go out of business?

Will it be confirmed that Fidel Castro is Justin Trudeau's father?

Will California criminalize pianos due to their historic associations with the ivory trade?

Will Joe Biden give a speech where he recounts an encounter with Bigfoot?

How my family's Target boycott is affecting my wife (satire)

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If you've been tuning in this month, you'll know that my family and I have been boycotting Target since they released their problematic Pride collection. We are determined, but boy has it been difficult... particularly on my wife.

I'm not saying that I kept a diary of my wife's Target withdrawals... but I'm not saying that I didn't either.

Here are the "alleged" entries of my family's first week of boycotting Target.

Day 1

My wife began the day optimistic. Determined. She kept saying, "I can do it. I can do it. For the sake of what is right, I can do it."

For a moment there, I thought this boycott was going to be kind of easy. I thought she would bounce into action, and never look back.

At about noon on day one, she started to crack just a little bit. She looked at me and said, "The only jeans that fit me properly are from Target. Where am I going to get my jeans? What will I do without my favorite jeans?"

One weird thing. She has been speaking differently. It's almost like a nervous tick. Random words come out at random times. Day one, I kissed her good night and said, "I love you." She said, "I love Lindt Lindor Milk Chocolate Candy Truffles."

And I think that has something to do with Target, but I'm not really sure.

Day 2

My wife began laughing today... a LOT. But then, abruptly, her laughter broke into a disconcerting grimace that reminded me ever so slightly of a gargoyle.

I tried to remind myself, "This is going to be a good thing. This is going to make a difference," and my wife proceeded to give me a long-winded rant about how Satan tempted Jesus, and how this is my temptation in the desert. Shortly after, I found her reading her Bible in Matthew chapter 4, repeating, "40 days of THIS?!"

She tried to go to Walmart and even made it about 10 feet into the store... but then she sped home and took a shower for 45 minutes.

Day 3

Have you seen The Shining? The way Jack Nicholson slowly becomes unhinged?

It's beginning to feel like that on day three, at the house. Several times, I caught her petting picture frames. When I asked if everything was okay, she said, "I can't find gallery frames for an excellent price anywhere. You know. Think of the frames."

Later, I caught her piling bath bombs onto her side of the bed.

I said, "Honey, what are those for?"

And her answer was a little terrifying. I can't really remember. Only something about the onslaught of a war of sparkles and tiaras. So I don't know what that means.

And I didn't ask.

Day 4

The shakes have begun. Confusion has overtaken her eyes. Every couple of minutes she gasps and looks around, face full of panic.

She cries in agony, "WHERE will I find oversized blouses?" She gasps again, "What if somebody has a birthday? Where am I going to go? Where am I going to go? What if there is a birthday?"

Day 5

Midway through lunch, my wife shrieked, realizing she was only seven decorative pillows away from an empty bed top.

Our day somehow got worse when news broke that Chip and Joanna Gaines had just released their new candle trough.

That was day five.

Day 6

The rations have vanished.

The boycott now has begun to affect the family's food supply. This morning, I asked my wife, "Do we have any milk?

My wife whispered, "Don't you know where the milk comes from? Don't you know where I get the milk?"

I answered, my voice quivering, "Milk? What milk? I don't need any milk!"

She was almost out of Meyers soap and nearly caved when the revelation kicked in that she might have to go to Walmart.

To make matters worse, Target had just released their new Meyers fall scents, including, but not limited to pumpkin spice—and if you don't have pumpkin spice Meyers soap, who are you, really?

Then things really spiraled when she needed to pick up Starbucks honey flat white and some new laundry detergent. For the first time in a long time, this was going to require TWO stops, and let me tell you, those two stops did not make her happy.

At bedtime, she locked herself into the guest bedroom and insisted on being left alone.

Day 7

For the first day, I have a little hope.

The whole thing was awful. Terrible. Miserable. Heartbreaking.

But still not bad enough to make me or any of my friends want to chug down a Bud Light.

Do aliens... EXIST? Or is it a distraction?

Rastan | Getty Images

Yesterday, whistleblower David Charles Grusch, a decorated Air Force veteran claimed the Department of Defense has a secret team aimed at "retrieving non-human origin technical vehicles, call it spacecraft if you will, non-human exotic origin vehicles that have either landed or crashed."

Talk about UFOs and aliens has typically been siloed to the realm of sci-fi and "conspiracy theories." However, in recent years, publicized evidence of UFOs and whistleblowers, like David Grusch, have brought the once fantastical subjects into the mainstream. Could it be that alien life forms do, in fact, exist? Have they already arrived and been kept secret underneath the government's nose? Or could this all be a ruse to distract us from more pressing stories in the news cycle?

We want to hear from YOU! Do YOU think aliens and UFOs are a distraction tactic, or do you think there's truth behind these whistleblowers?

Do you believe the government has intel about UFOs?

Do you believe the government has intel about alien life?

Do you believe the government is hiding this intel from the general public?

Do you believe alien life exists?

Do you think the media is using this story to distract us from other issues?

Remembering D-Day: We are called to the same standard

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79 years ago today, my grandfather jumped out of a plane. He was 17 years old when he joined the 101st Airborne Division, and at the ripe age of 18, he boarded a C-47 aircraft with the rest of his company destined for Normandy. On June 6, 1944, he jumped out of that plane onto Utah Beach, becoming a part of what would become the largest amphibious invasion in military history, Operation Overlord, or, as it's more commonly known, D-Day.

Though only 18, my grandfather was one of the oldest soldiers in his company. He recounted how many, like himself, lied about their age in order to have their shot at fighting for their country. As Omaha Beach veteran Frank Devita recounted:

We were all kids. We were too young to drink. We were too young to vote. And we were too young to die.

And many of them did.

On June 6, 1944, almost 160,000 troops from the United States, the British Commonwealth, and their allies began what would become the ultimate demise of the Third Reich, concluding one of the darkest chapters in human history. 2,500 of these soldiers were American boys who gave the ultimate sacrifice in Normandy, where most of them remain, their bodies never making it back home to the country for which they paid the ultimate price.

2,500 of these soldiers were American boys who gave the ultimate sacrifice in Normandy.

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In an age seemingly devoid of courage and virtue, it is natural to picture these soldiers as the greatest of men. And they were. However, we must remember these exemplars of manhood were boys, young boys, who exhibited the courage and virtue that we so seldom see in those twice their age today.

We must remember these exemplars of manhood were boys.

Remembering D-Day is not only sobering regarding the loss of life and innocence; it's sobering to consider how far our country has strayed from the ideals exemplified by the "greatest generation."

79 years ago, Americans knew what they were fighting for. As a Jewish man born in Berlin, witnessing the rise of fascism and socialism at the expense of individual liberty and the sanctity of life, my grandfather was eager to go back to his birthplace as an American soldier to fight for the fundamental principles of life and liberty that he and his family had been denied in Nazi Germany.

They were some of the lucky individuals who were able to escape—and there's a reason why he and his family chose America as their new homeland. The life and liberty they had been denied in Germany were regarded as sacred in the United States.

Yet, do we still regard these things as sacred?

JEAN-FRANCOIS MONIER / Contributor | Getty Images

Most of the United States still hold that the sanctity of life is contingent upon convenience and circumstance. Economic policies continue to morph closer to the socialism adopted by the rest of the world in the 20th century, penalizing the success and merit that was once tantalizing to immigrants like my grandfather. Moreover, 2020 extinguished any doubt that the freedoms we hold dear are expendable at the whims of our ruling class.

This isn't the same America that provided refuge to my grandfather's family nor is it the same country that he and his brothers-in-arms fought for.

On this anniversary of D-Day, it is important that we remember the sacrifice given by the young American boys, who became the greatest of men, on the beaches of Normandy. However, perhaps it is just as important to remember that we are called to the very same standard as they so powerfully exemplified: to love our country and the principles of life and freedom that stand in stark contrast to much of the onlooking world and to have the courage to defend it, even if it requires the level courage that these young men were called to.

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