John Stossel: The Reason.tv Interview

Double Update: Set your Tivos to stun! John Stossel's 20/20 special, Bullshit in America, will air on Friday, March 6 March 13 (date is tentative; consult your local listings). Based on six segments from Reason.tv and featuring Drew Carey, Stossel will take a long (and libertarian) look at immigration reform, medical marijuana, eminent domain abuse, and much more.

John Stossel is the best-known libertarian in the news media. As the co-anchor of the long-running and immensely popular ABC News program 20/20, auteur of a continuing series of specials on topics ranging from corporate welfare to educational waste to laws criminalizing consensual adult behavior, and author of best-selling books such as Myths, Lies, and Downright Stupidity, Stossel brings a consistent message of liberty to millions of viewers on a weekly basis.

It wasn't always this way. Born in 1947, Stossel started out as a standard-issue consumer reporter, working in Oregon and New York before joining the staff of Good Morning America and, later, 20/20. He did scare stories about everything from pharmaceutical rip-offs to exploding coffee pots. Then, in the 1980s, he encountered reason, which radically changed his thinking about the benefits of laissez faire in economics and personal lifestyles.

"It was a revelation," he writes in his 2004 memoir, Give Me a Break. "Here were writers who analyzed the benefits of free markets that I witnessed as a reporter. They called themselves libertarians, and their slogan was 'Free Minds and Free Markets.' I wasn't exactly sure what that meant, but what they wrote sure made sense."

Reason.tv caught up with Stossel in January in Los Angeles, where the newsman was filming a special episode of 20/20 based on six Reason.tv documentaries featuring Drew Carey. Among the topics: the desirability of open borders, the need to reform the nation's drug laws, and the case against universal preschool. Ted Balaker, a Reason.tv producer, talked with Stossel about bailout mania, his hopes for the Obama years, and his attempt to educate a generation of school kids with a video series called Stossel in the Classroom.

For an edited transcript of this interview, go here.

For an audio podcast, go here and to embed this video, click here.