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Confessions of a Media Maverick: Exposing Hucksters, Cheats, and Scam Artists
Stossel began by recounting his evolution from an Emmy-award-winning consumer-affairs reporter to America's best-known skeptic of government regulation. What seems strange to him in hindsight, he explained, is not that he came to have more confidence in the market's protection of consumers than in consumer protection laws, but that this development took as long as it did:
I'd go further and say that you really don't need the government to even be the information agency, because as we should have learned from the fall of the Soviet Union, government agencies don't do things well. And if you simply eliminated the FDA, the private groups that government has crowded out would step in and do the job better, quicker, cheaper. . . . It's a fatal conceit to predict how the market will work, but maybe Underwriters Laboratories would do it or Consumer Reports. But I bet they'd do it better than the government.
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