Quote du jour

"Blockbuster's demise began when it charged a man named Reed Hastings $40 in late fees. That annoyed him so much, he started a subscription based, mail-order movie rental company he called Netflix."

-John Stossel

Quote du jour

In San Francisco: "In 2015, there were 60,491 complaints to police (vagrancy, aggressive panhandling, public urination/defecation), but only 125 people were arrested."

-John Stossel

Quote du jour

"Big Bird doesn't need government help. 'Sesame Street' is so rich that it paid one of its performers over $800,000."

-John Stossel

Quote du jour

What would you think of a person who earned $24,000 a year but spent $35,000? Suppose on top of that, he was already $170,000 in debt. You'd tell him to get his act together -- stop spending so much or he'd destroy his family, impoverish his kids and wreck their future. Of course, no individual could live so irresponsibly for long. But tack on eight more zeroes to that budget and you have the checkbook for our out-of-control, big-spending federal government.

- John Stossel

John Stossel Interviews Puerto Rican Governor Luis Fortuno

Spend less than you take in...what a concept!

H/T Common Cents

"Top 10 Politician Promises Gone Wrong" -John Stossel

If you've got the time, this video is fascinating and right on the money.




Video via Common Cents

Quote du jour

"In a small town, an idiot breaks a shop window. He's called a vandal, until someone points out that a window installer now must be paid to replace the window. The window installer then will have enough money to buy a new suit. A tailor will then be able to buy a new desk. And so on. The whole town apparently gains from the economic activity generated by the broken window. Of course, if this made sense, cities should hire people to run though town, breaking windows.

But it doesn't make sense. It's a fallacy because the circulating money is seen; what is not seen is what would have been done with the money if the window were still whole. The shopkeeper, instead of paying the window installer, might have expanded his business, or bought a new suit or a new desk. The town is worse off because of a broken window."

-John Stossel