Into it: John Stossel

I believed it. I pay more so my kid can get a private-school education. But then I discovered that the government schools are spending, on average, $10,000 per student. That's $200,000 plus per classroom. I would think I could hire three teachers to do a better job for that money. But government monopolies squander that money. The Catholic schools in New York City do a better job for $5,000 per student, while the government schools spend up to $13,000.

Where does all the money go?

Nobody really knows. The head of the [teacher's] union says, "Ask the chancellor." How did we get $600 hammers at the Pentagon? Monopolies make money disappear. And worse, monopolies don't innovate. Competition forces the private sector to innovate constantly.

In the book, you talk a lot about the media's propensity to go after scaremongering stories. But there's a flipside to that, too. There's a demand for it. Why do people love being scared?

It makes us feel like we're watching something important, and being frightened makes us feel alive. People like to go to horror movies! Above all, if you can give somebody something to do that makes them think they are reducing the scare, it makes them feel good.

Why don't more journalists debunk these sorts of myths?

Journalists I know are very hard working ... risking their lives in pursuit of today's news. But when it comes to science and economics, there's little knowledge and not much interest. I'm aware that I'm ignorant when it comes to art, theater, music, literature, so I don't report on it. But many reporters even have a pride in their ignorance about math. There's a joke in newsrooms about the guy who can't do his expense report. But you'd think they'd be embarrassed about it and wouldn't rush to accept the claims of the alarmist who's going to tell us we're all going to die from Sweet 'n Low, and Nitrite, or global warming.

What's your take on "An Inconvenient Truth," Al Gore's documentary about global warming?

I will see it, I haven't yet.... I should see it before I can comment further. I wonder what he wants us to do? I fear that it is a conceit to think that man could do much about climate change. The climate has always changed. I suspect [Gore's proposals] would lead to vast government boondoggles along the lines of the synfuels project.

You mentioned that in your book. Tell me more about it.

It was one of the last attempts to have the government – the wise elites in Washington – pick the scientists who would lead us out of our dependency on oil. Billions were wasted on coming up with nothing. But Charles Schumer [the Democratic senior senator for New York] today talks about a Manhattan project. This time, they'll let the scientists decide, rather than the politicians, he says. I don't believe it because the politicians will have a huge honey pot, a huge birthday cake, and the people with the best political connections will get the frosting.

The thing that surprised me most in your book was that anyone can walk on hot coals.

I was pretty hesitant, myself. I wasn't the first to go. You can feel some heat but, if you kept moving, it didn't burn.

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