This is the Cato Daily Podcast for Wednesday, April 11th, 2012. I'm Caleb Brown.

There are downsides to regulation, but expressing even that basic truth

who has once considered heresy over at ABC News.

According to now Fox News host John Stassal, his new book details some of his own bureaucratic

struggles over explaining basic truths about the world around us, that free markets work

for consumers, and that government control often makes problems much worse.

The book is, no they can't, why government fails, but individuals succeed. We spoke earlier today.

You said once that Peter Jennings asked that you be fired. What was the context of that?

I have a non-profit that puts videos in high school offers them free to teachers.

For a long time the most popular one was one called Is America Number One?

This is a long answer.

We have time for a long answer to this?

For this show I went around the world and I'm looking at why some countries are prosperous and others are not and we was really just a rip off of

P.J. Overorrocks Eat the Rich book which Cato promotes a rip-off for television.

Much of what I do is Cato ripped off for television.

Much of what I do is Cato ripped off for television.

Well, PJ Works book was ripped off from Adam Smith,

so don't feel too bad.

Well, but Adam Smith is heavy going and PJ is not. And I'd say to high school kids get a group together,

well how come we're prosperous and most of the world is not? Six billion people on

earth, money or poor. why are we doing so well?

Oh, because we have democracy, they'd say.

...