Show 438 John Stossel, ABC News correspondent & co-anchor, 20/20, speaks at a Fraser Institute roundtable dinner in Vancouver, Canada, on "Myths, Lies & Downright Stupidity". Price gouging is good for consumers. Public schools don't need more money. Gasoline isn"t overpriced. Sweatshops are good for workers. A minimum wage hurts poor people. There is no cancer epidemic. DDT saves lives. Would you believe those statements are true? They sound crazy, right? But consumer advocate and best-selling author John Stossel can back them up. He explains that much of what we hear—and what the media reports—are myths. So how much stupidity will we continue to swallow? We still buy bottled water instead of drinking from the tap, and try to stay thin by not eating late at night. We pay rapt attention when a TV expert tells us what stocks to buy, and believe that video games cause violence. Is it true that teachers aren't paid fairly? Prepare to be surprised, corrected, and outraged as you learn how conventional wisdom is often wrong. John Stossel has reported for 20/20 since 1981 and was made co-anchor in 2003, replacing Barbara Walters. He has received 19 Emmy awards and been honored five times for excellence in consumer reporting by the National Press Club.
To watch the video of this speech visit http://video.google.com/videoplay?docid=1876894381231272307&ei=Yol_SvtuwqWVB6T5lKwE&q=john+stossel&hl=En