• Creating a Risk-Free World

      Politicians pretend they can protect us from risks. But they can't. Often intuitively useful safety rules leave us less safe.

      That's what my syndicated column is about this week:

      Everyone has a different tolerance for risk. One person takes out a second mortgage to start a business. Another thinks that sounds nerve-racking, if not insane. Neither person is wrong. Government cannot know each person's preferences, or odds of success.

      Even if it did, what right does it have to tell them what to do?

      As I document in my new book, "No, They Can't: Why Government Fails -- but Individuals Succeed," when government gets in the business of deciding which risks are acceptable and which aren't, nasty things happen.

      This includes government's attempt to improve life by regulating gambling and the use of medicine, banning recreational drugs and mandating safety devices in cars.

      In what sense are we free if we can't decide such things for ourselves?

      For more on the costs of government protectionism, the rest of my column here.

      TAGS
      Syndicated Column
      NO THEY CAN'T
  • This Week's Show -- July 10, 2014

    MEDIA BIAS: When I began my career as a consumer reporter, I had an obvious agenda: Businesses cheat consumers! Government must regulate them! But when I wised up about the problems with government, my bosses resisted, and I stopped receiving Emmy Awards. Emmys reward liberal reporting.

    CENSORSHIP AT CBS: Investigative reporter Sharyl Attkisson has a similar story. She explains why she left CBS after it became "harder and harder to get stories on television" that criticized this government and "any powers that be."

    IS STOSSEL BIASED?: Years ago, journalist Howard Kurtz criticized me for not being objective. I said it's impossible for any journalist to be completely objective. Now that Howard Kurtz is on Fox, we debate again.

    THE OBJECTIVITY MYTH: Andrew Kirell of Mediaite.com says, "every journalist has a point of view and they don't just magically check it the minute they walk in the newsroom door."

    NEW MEDIA: Reason TV's Remy Munasifi uses music videos and parodies to complain about things like politicians' spending. One of his latest parodies highlights the scandal surrounding the VA hospitals. Munasifi discusses his videos, which have gone viral on YouTube.

    RETRO REPORT: It's great there's a new media organization called Retro Report, which reveals media hype of the past ("crack babies," America's landfill "crisis," the "superpredator," etc.) and corrects stories everyone in the media got wrong. I discuss the new show with its executive producer, Kyra Darnton.

    REAL OR FAKE?: Sometimes people in the media say things that are so bizarre, you'd think they were made up. Kennedy of The Independents quizzes FoxBusiness.com's Kate Rogers, Fox Business host Charles Payne and me to see if any of us can tell which quotes are real, and which were made up by my staff.

    MY TAKE: I used to report on lots of scares. CBS even ran an ad for me where someone called me a "guardian angel."

    That's bunk. The only guardian angel is a free and open society. That's what allows innovation, gives people longer lives, and lifts billions out of poverty. But these gradual improvements aren't newsworthy. Scares and disaster make the news.

    News is broken not just because we're biased but because most good and important news happens slowly.

    9PM ET on Fox Business Network