stossel: people are reckless and they academy like parasites then. we'll create arogram that will help more of them act like parasites. since then, people build in risky places. >> the incentive is perverse. you need to reimage the government. stossel: that's what we do on this show. we try to reimage our government. >> there's a good case to be made, john, that by having a well-functioning national flood insurance program you would save taxpayers money. we know and you know that members of congress after a disaster stand locked in arms singing kumbaya, we'll pay for everybody. we'll give you money. if we can get insurance in their hands and price it accurately, that's where it doesn't work, if they price it accurately and the rate matches the risk, we wouldn't have the problem we have today. stossel: true. and only the private market can price anything accurately because they compete and have their own money on the line. after the last disaster and the insurance program was $20 billion in the red, the bigger waters flood insurance were passed. that was supposed to

if they mandated it, i'd probably say, it's not such a bad idea. stosselrts of australia, canada, new zealand, helmets are a requirement. the number of cyclists dropped. >> people stopped riding because of a helmet. >> some people did. child cyclists by 42% in melbourne. >> that's shocking. i find that data very hard to believe. >> i like to shock you. >> however, another concept would be, well, if you are required to wear a helmet, but go ahead and choose not to. in texas, you're stopped and you have to pay a fine. so pay a fine. >> i don't want to be fined by my government. i want to protect my own heads. these bans on texting while driving. there should be a law against texting? >> i think there should be a law. look, i'm an orthopedic surgeon. my job is to take care of people. that's the best way to take care of people. >> the insurance institute for highway safety. the laws aren't reducing crashes even though that the laws reduced hand-held phone use. maybe it's because it's illegal, i can't do this, so i'll do it down here. >> well -- >> there's no e

a lot. and finally how many of you got it because when you were in high school, one of your teachers played one of my stosselthe classroom tv shows, and you had a discussion about it. [ cheers and applause ] . john: all right! we have these videos, and people do learn some of these ideas in high school. earlier i asked some of you about this individually. what got you interested in liberty? >> i had a professor who taught paul krugman and milton friedman and i liked friedman better. >> watching ron paul got me interested. >> i came across ron paul. >> ron paul. >> youtube videos on friedman. john: where did you find them? >> i typed it in the search box, and milton friedman came up and i've been hooked. >> i heard about libertarian from you, on fox news. >> my economics and government teacher in high school played your public choice video. these are not the kind of ideas showing up in textbooks that are written nowadays. >> i'm originally from russia, and moving to the united states, i saw that there is such thing as liberty. john: right! the young people sure know more about liberty and life than i did when

stossel. john: i'm a big failure. i started facebook and it failed really? well sorted.hen i was in college i published a guidebook for guys that included a fresh picture girls from neighboring all-girls schools. clearly this was the first facebook. unfortunately al gore has suspended the internet so my facebook was an interactive and useful and also to the girls i was about to get publicity. 60s protests erupted stealing all the attention. my facebook had no publicity. years later mark zuckerberg tried again improving on my idea and now he has $40 billion i don't. but i tried again. i became a tv reporter and that worked out. turns out lots of successful people fail at first. oprah winfrey, steve jobs come the author of dr. seuss. some argue that they were fueled by failure. that's the title of a new book by jeremy bloom. bloom has been a success. you were once an olympic level skier andy played pro-foot all for two nfl teams and yet you say you were fueled by failure? >> my biggest dream in sports was to win an olympic gold medal. my dad is the biggest olympic fan you

stossel. john: i'm a big failure. i started facebook and it failed really? well sorted.hen i was in college i published a guidebook for guys that included a fresh picture girls from neighboring all-girls schools. clearly this was the first facebook. unfortunately al gore has suspended the internet so my facebook was an interactive and useful and also to the girls i was about to get publicity. 60s protests erupted stealing all the attention. my facebook had no publicity. years later mark zuckerberg tried again improving on my idea and now he has $40 billion i don't. but i tried again. i became a tv reporter and that worked out. turns out lots of successful people fail at first. oprah winfrey, steve jobs come the author of dr. seuss. some argue that they were fueled by failure. that's the title of a new book by jeremy bloom. bloom has been a success. you were once an olympic level skier andy played pro-foot all for two nfl teams and yet you say you were fueled by failure? >> my biggest dream in sports was to win an olympic gold medal. my dad is the biggest olympic fan you

a permit. john: connections, cronyism, bribes. bad rules hurt us? in so many ways. so i suggest one new rule, i call it the stossel rule. y time a politician adds a rule, he must get rid of five old once. that would be a start. and that's our show. thanks for watching. >> found in grandpa's attic... >> it was a dirty, dusty old box. and then it's like, "wow. i don't know what it is." >> ...a discovery that will make the baseball world flip. >> you've got honus wagner, ty cobb, cy young, christy mathewson. >> i'm thinking to myself, "oh, my god. i have $1 million sitting in a chair." >> but is it almost too much of a good thing? >> it certainly changes the market in a negative way. >> i'm jamie colby, and today, i'm in northwest ohio, on the edge of an area called the

and i'm going to take a hot shower, i'm going to drive a car, i'm going to appreciate what machines and fossil fuels do for us. stuart: john stosselart: so don't you believe the planet is in danger and your activity like taking a hot shower and driving a car, you're killing the planet. don't you realize that, stossel? >> look, it's possible that of 117 climate models from the '90s, 114 have overpredicted the warming. stuart: i didn't know that. >> so this is thin science. but, look, we are adding carbon dioxide to the air. there are good scientists who say this may build to the point where it's a real crisis. but so far, it has made life better. fewer people die in weather-related incidents because warming kills fewer people than cold. and the idea that there's anything we can do now or that all of this stuff that obama was trying to push through that trump is repealing, that would have made any difference. even the proponents admit it would have made only a fraction of a percent difference in carbon dioxide and probably no affect on the actual climate. stuart: it's become a religion. it's a passionate religious belief on the part

tomorrow on the show, a night of liberty awaits in ways you never dreamed of fantasy fetishes. john stosselmatt welch, and tom shillue. see you tomorrow night. ye. a paid advertisement for time life's music collection. ♪ chances are 'cause i wear a silly grin ♪ there are artists we'll always remember... ♪ mona lisa, mona lisa ♪ men have named you there are beautiful songs, words and memories that will always touch our hearts... ♪ it's impossible ♪ to tell the sun to leave the sky ♪ ♪ it's just impossible this is the music of your life.

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a new car. we have enough rules. we have no moral obligation to have more. >> just look around. can't believe i'm saying that. but something. all right. john stosselthank you so much. nice to see you. coming up. coming up. has sarah palin trained in her say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answ, ask again at schwab. you could start your search at the all-new carfax.com that might help. show me the carfax? now the car you want and the history you need are easy to find. show me used minivans with no reported accidents. boom. love it. [struggles] show me the carfax. start your used car search and get free carfax reports at the all-new carfax.com. ostriches don't really stick vitheir heads in the sand.ve horns on their helmets. an

john: will present a swamp drained the swamp and fight the cronies? that's our show, tonight. >> and now, john stossel. john: when donald trump talks about the swamp of washington is talking about self-dealing between washington insiders and the politically connected. that comes in many forms. the optic high wall street movement was angry because as they see it wa enables corporate greed. [chanting] corporate greed has got to go. john: corporate welfare, that's a different point those protesters have a lot of silly ideas but they are right to complain about welfare for corporations. after the housing bubble bursts, banks got real doubts with your money. they paid it back but it might not have been paid back and it might not be next time. when big business goes to washington to partner with politicians it really means they seek privilege is from government. subsidies and rules that make it tougher for competitors -- competitors. the result? >> americans understand the bailouts are bad. they want the swamp drained but if you understand much of government that they like ads to the problem. this picture o

stossel. the government needs to do more, they need to spend more money combating climate change. john: it has been aagency, the epa. when it began by a republican president, the air and water were filthy, the sewage went straight into the river and you couldn't open a window in new york city because soot would come on. i can swim in the hudson river next to all these people flushing. it's great. but now it should and for enough protection already, because the rules are in place. he time someone buys a new car the air gets cleaner. they don't need to do more, but they always want to do more. kennedy: the regulations kill jobs and stunt growth, and the economy needs to grow. it's hard -- john: the economy always needs to grow. kennedy: after so many years of stagnation, you make the point if we have a bigger, booming economy en we need to take action, we can afford to take action. john: that's the second part. all these rules are about real pollutants. obama tried to stint to carbon dioxide. but maybe it's increasing greenhouse gas. global warming, greenhouse gases do contribute. the argument is still

stossel. [applause] john: i'm in washington, d.c. this is the place that could use a lesson in liberty. try to give them one because, i'm surrounded by students here, more than a thousand of them who traveled to join a conference called, students for liberty. because here in washington life is dominated by democrats, who want to take away our economic liberty, republicans who often want to take away our pennal liberty. there are a couple exceptions to that. one is congressman justin amash from mesh ban. [cheers and applause] -- michigan. he is unusual because he has an economics degree. he worries a lot about america's coming bankruptcy. we are probably going bankrupt. how many of you students think, when you're my age medicare will be here to pay for your heart problem? >> no. john: you're wise, i'm sorry. we will have spent all the money. but republicans are not talking about fixing it. a little bit, but not much. >> not enough. and there is a problem we face as a country. young people don't believe they're going to receive these benefits they have been promise. so i am a strong belie

stossel. john: are you for social justice? i want to say i am because if i'm not, wouldn't that mean i'm for social injustice? that sounds terrible. it's why social justice is such aful slogan. it usually means, well, i'm not clear exactly what it means. it can mean so many things. jonah goldberg explains that in this video for prager university. >> ask ten lib calls to tell you -- liberals to tell you what they mean by social justice, and you'll get ten different answers. that's because social justice means anything its champions want it to mean. social justice is code for good things no one needs to argue for and no one dare be against. john: except me. excuse me, i want to be against it, because those sweet words, social justice, really mean the state gets to use force to take money from some people, give it to somebody else, and also it gets to boss everybody around even more. >> the self-declared champions of social justice believe the state must remedy and remedy all perceived wrongs. anyone who disagrees is an enemy of what is good and right. john: one of those enemies of the good and right is the president of the ayn rand institute. he seems to be an enemy

a net loss for society. it means, fewer innovative products and more lobbyists. stossel: let's go to some examples. you include the military-industrial complex. >> we need a national defense. that requires weapons. even the weapons we need, we have to recognize, they will be sold to the government by lobbyists, and there's going to be a problem in overbuying. we just spent in the latest omnibus spending bill, $470 million on f-35 fighters that the pentagon doesn't want. stossel: you have farmers. veterans. unions. the ethanol industry. the aerospace industry. trucking. they're all in d.c. trying to get something for nothing. >> well, they ask why do you rob banks? because that's where the money is. for a lot of people, where the money is is in washington. >> thank you david boaz, ththe cato institute. let's focus on green energy. >> think about all the money that was invested in the whole green energy market. billions of dollars to green energy. mostly wind power and solar power. also, bio fuels like algae because certain people in government decided those are better. andrew agrees they are better.