Stossel Nicely Summarizes Madmen, Intellectuals, and Academic Scribblers
As Ed reported, John Stossel interviewed us for his show titled “The War Against the Little Guy” (airing May 16 and replaying through May 19). The current link for Stossel has only a short video clip that doesn’t include our interview, which appears later in the hour. But the link does have a short summary of the show, which ends with a nice summary of the main argument in Madmen (emphasis added):
Is there any hope for the little guy? Authors of “Madmen, Intellectuals, and Academic Scribblers”, Edward Lopez and Wayne Leighton, point out that deregulation did happen once. Americans pay much less to fly and to ship something because the CAB and ICC no longer exist. And we have cell phones because the FCC finally allowed spectrum auction. They say the only time things change is when the right people, the right ideas and the right circumstances all come together to repeal the bureaucrats rules.