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Bureaucracy and more expense. >> it's like this trust busting is becoming a bank buster for us. >> but it's good for the lawyers. thank you gary. good luck to you. >> thank you very much. john: i have to say that the ftc is one more example of a largely useless government agency that only grows that began with 144 of leaves and now it has 12,000. they all grow and we pay for that. when i started consumer reporting, i thought the federal trade commission, that is where it should go or consumer information. but they were useless or did people were supposed to go and usually the bureaucrats didn'...

Is becoming a bank buster for áñ us. >> but it is good for the lawyers. thank you gary engel. good luck to you. >> thank you very much, john. >> the fcc is one more champ of a largely use will feel government agency that only grows. began with 144 employees. now it has 12,000. they grow and you pay for them. when i started consumer reporting i thought the federal trade admission that's where i should go for consumer information. they were supposed to go to the consumer complaints but usually the bureaucrats didn't answer the phone. in theory breaking up monopolies is a rule for government. i...

I know i can trust my passengers and they trust me because we rate each other. room renting sites like room-a-rama because of a reputation they establish onned web. the feedback keeps improving. movie ratings restaurant use et cetera. even google all by itself offers more consumer protection than i provided in 20-years of consumer reporting. and more consumer protection. we need some protection but most government and consumer regulation is harmful because it stops entrepreneurs from trying new things. bretter in the hands of millions

Punished bad ones competition protects consumers better than government. so i really should put these emmys in the garbage. i got these because economically ignorant people give out these awards. they love regulation and big government. i should be ashamed of these. fortunately, i read more economics, i discovered recent magazine i became a libertarian. suddenly i saw the wonderful things that happened when government leaves us alone. now i should also say that libertarians don't claim that all consumer reporting is bad. the call for regulation that is bad. consumer reporting itself actually h...

John: often what we think we know it is not so. i looked up my years of consumer reporting and i wrote a book about it but now since then i have researchers here of this also show so the myths keep coming for example, the full moon makes people crazy. people who work in emergency rooms say we have more accidents and action when i have a full moon. cops still be with the beautiful people are crazier but the truth is of the past 20 years dozens of studies have searched for the effect yes for the tides but no for the people. why do so many people believe that? because our memory plays tricks anr ...