A Quote by John Stossel
I'm a little embarrassed about how long it took me to see the folly of most government intervention. It was probably 15 years before I really woke up to the fact that almost everything government attempts to do, it makes worse.
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P.J. O'Rourke says that conservatives really hate government and every couple of years we put them in charge and then we're reminded how much we really hate government. We're not always necessarily great at the task of running government. We're the anti-government party. It actually makes some sense we're not so good at that. But you got to have basic competence in how you run the government, even in how you reduce its effectiveness in people's lives.
It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.
How long before married people answer the dictators thus: Regardless of law, marriage has only one definition, and any government that attempts to change it is my mortal enemy. I will act to destroy that government and bring it down, so it can be replaced with a government that will respect and support marriage, and help me raise my children in a society where they will expect to marry in their turn.
The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")
I think it really takes about 15-20 selfies that someone takes on their phone before they post the right one. There was this selfie that I took where I was wearing a white bathing suit, and it was after I had the baby, and it was a sexy pic. It took about 15 pictures to get the one that I posted. So you'll see all the ones that didn't make it. And you'll see all my selfies from the past years, including my first-ever selfie when I was four years old.
It took 15 years and a Labour government to finally see Section 28 taken off the statute books. But this victory belongs to the LGBT+ activists who campaigned for so many years, fighting for change from the ground up.
The Vietnam War was so obviously evil and bore down most heavily upon working class youth that it made me think about things more deeply than I had before. It disillusioned me completely and forever about the government. And it made me aware that the media and the government lied almost as a matter of course. But it also opened my eyes to what was really going on in America.
If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today's standards, were willing to have government undertake activities that today's liberals would not accept now that government has become so overgrown.
When government takes away options, it is bound to make some people worse off, even with intrinsicallly good intentions behind that government intervention.
I think markets are often not thinking on a long-time horizon, I think that our government structurally is doing even less so. When we have a government where we have people who are up for election at most once every six years for a U.S. senator, that's a time horizon that is much shorter than in a market that a company is looking at 10, 15, 20 years which is a time horizon over which a stock price is typically valued.
There is a reason why conservatives talk about 'government' and not 'self-government,' because to refer to the latter is to concede that 'the government' is really the most basic product of our political commonwealth, that it is what we produce among ourselves so as to order the production of everything else that we do together.
I had to watch government fail for 25 years doing consumer reporting before I really saw it because intuitively, the reaction is problem, bring government and government will make it better.
I think the Scandinavian health systems are better when it comes to preventative care than the German system, because in the Scandinavian systems, the government is really more active in defining treatment, goals and defining health priorities. The German system is a competitive system with little government intervention. The price for this is that the government cannot set a health agenda. And the Scandinavian systems have little competition, so you often do have waiting lists. But on the other hand, you then have the government which can push for prevention.
For almost 15 years, professional football is about yourself: How can I improve? How can I make myself better? Before winning a game was the short-term reward that meant everything. Now, I can look at the bigger picture.
Can I say one other thing that`s very important? I`m indebted to Donald Trump for a long time, we`ve had this problem that people disliked government. And the health care bill has shown reminded people and Donald Trump has shown people there is something a lot worse than government. It`s not government. That as bad as they might have thought the government was on health care, it`s now created people that the absence of government healthcare is even worse.
I've lived in Washington now for 44 years, and that's a lot of folly to witness up close. Whatever confidence and optimism I felt towards the central government when I got here on January 1, 1970 has pretty much dissipated at the hands of the government.
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