John Stossel Links Gun Control to Higher Crime Rates – YouTube.
@JohnStossel Gun Myth video — required viewing
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Category Archives: John Stossel
Food Bunk. Why I love John @FBNStossel
Exhibit 348,390,970,001 of the problem that is government (InTrade)
“Today, Americans were told that they must close their Intrade.com accounts. That happened because the federal government agency known as the “Commodity Futures Trading Commission” (CFTC) today sued the prediction market, where people from all over the world bet about things like who will win elections.
Intrade decided all its U.S. customers must now close their accounts and withdraw their money from the site.
That’s terrible news for all of us who want more input into what’s going to happen in the future. Bettors on Intrade.com have made incredibly accurate predictions about elections – because they, unlike TV pundits, have real money on the line. This year, I watched on election night as TV pundits said “too close to call… too close to call…” while the bettors on Intrade knew that it was not a close call.
Intrade has also successfully predicted events like Saddam Hussein’s capture and the winner of the Oscars. People with the best information trade about those events, and drive up the odds on Intrade.
Why did the American government sue Intrade? It was not for operating an online gambling operation, but for allegedly violating America’s incomprehensible financial regulations — specifically, these ones:”
ead more: http://www.foxbusiness.com/on-air/stossel/blog/2012/11/26/government-crushes-innovative-online-prediction-market#ixzz2DSOVmOLK
Today, Americans were told that they must close their Intrade.com accounts. That happened because the federal government agency known as the “Commodity Futures Trading Commission” (CFTC) today sued the prediction market, where people from all over the world bet about things like who will win elections.
Intrade decided all its U.S. customers must now close their accounts and withdraw their money from the site.
That’s terrible news for all of us who want more input into what’s going to happen in the future. Bettors on Intrade.com have made incredibly accurate predictions about elections – because they, unlike TV pundits, have real money on the line. This year, I watched on election night as TV pundits said “too close to call… too close to call…” while the bettors on Intrade knew that it was not a close call.
Intrade has also successfully predicted events like Saddam Hussein’s capture and the winner of the Oscars. People with the best information trade about those events, and drive up the odds on Intrade.
Why did the American government sue Intrade? It was not for operating an online gambling operation, but for allegedly violating America’s incomprehensible financial regulations — specifically, these ones:
Today, Americans were told that they must close their Intrade.com accounts. That happened because the federal government agency known as the “Commodity Futures Trading Commission” (CFTC) today sued the prediction market, where people from all over the world bet about things like who will win elections.
Intrade decided all its U.S. customers must now close their accounts and withdraw their money from the site.
That’s terrible news for all of us who want more input into what’s going to happen in the future. Bettors on Intrade.com have made incredibly accurate predictions about elections – because they, unlike TV pundits, have real money on the line. This year, I watched on election night as TV pundits said “too close to call… too close to call…” while the bettors on Intrade knew that it was not a close call.
Intrade has also successfully predicted events like Saddam Hussein’s capture and the winner of the Oscars. People with the best information trade about those events, and drive up the odds on Intrade.
Why did the American government sue Intrade? It was not for operating an online gambling operation, but for allegedly violating America’s incomprehensible financial regulations — specifically, these ones:
Government Crushes Innovative Online Prediction Market | Stossel’s Take Blog.
The Stossel solution to appropriate levels of government
by Cal Thomas
“One of his guests was Indiana Governor Mitch Daniels. Forget for a moment that Daniels is a Republican. Focus on his accomplishments. “You were $78 million in debt,” Stossel said during the program. “Now you have a $1.5 billion surplus.” In a controversial decision, Indiana leaders leased a 157-mile toll road to foreign investors. “In exchange,” writes Ryan Holeywell of Governing.com, “for a $3.8 billion, lump-sum payment, the investors would get to keep toll road revenue for 75 years … a windfall for Indiana, with little downside to taxpayers.” Next year, Daniels announced recently, his state’s surplus will be at least $2 billion. Taxpayers can expect a credit on their 2013 taxes.
Daniels said he invokes what he calls “the Yellow Pages test. If it’s in there, then conceivably government shouldn’t be doing it itself.”
And the result? “The result,” said Daniels, “is we’re repairing bridges, building roads. We’re the only state with a building boom in infrastructure and it didn’t cost the taxpayers a nickel.”
Re-read that last sentence and then ask yourself why the federal government still sees itself as the primary builder of roads and bridges when it costs more and delivers less.”
Uncertainty Paralysis by John Stossel
“President Obama would do us all a big favor if he’d ask himself this: “Would I start or expand a business without knowing what regulations or taxes government will impose next year?”
If he’d just stop and ask that, he’d have a sense of what’s wrong with the economy. He’d understand why a country that must create 120,000 new jobs each month just to absorb newcomers created only 69,000 last month.”
Uncertainty Paralysis by John Stossel on Creators.com – A Syndicate Of Talent.
Don’t Trust Your Instincts by John Stossel
Friedrich Hayek: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
via Don’t Trust Your Instincts by John Stossel on Creators.com – A Syndicate Of Talent.
Limits to Idiocy? Mercedes goes with, then apologizes for, using Guevara as an icon. Not accepted.
“Hey, what a great T-shirt… do you have the full set?” They ask, “what do you mean?” I answer, “Do you have the Hitler and the Pol Pot shirt too?” They stare back cluelessly.
Is my comparison unfair? Hitler and Pol Pot did kill more people, but Che was a murderer. He personally executed dozens of people. He is said to have taken sadistic pleasure in killing. He may have killed hundreds of people. Communism continues to wreck lives. I understand that OWS protesters may not know that, but shouldn’t the giant German car company know it?”
