John Stossel's Take
Commentary from Co-Anchor of ABC News' "20/20"

John Stossel is ABC News' Co-Anchor of "20/20" and New York Times best-selling author of Give Me A Break & Myths, Lies and Downright Stupidity. His "Give Me a Break" commentaries take a skeptical look at a wide array of issues, such as education, the economy, parenting, and more.

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Billy Mays, Free Market Hero

07/01/2009 11:20 AM

Ap_billy_mays_090628_main On its opinion page, The Christian Science Monitor ran a column that sneers at the success of TV pitchman Billy Mays, who died this week at age 50.

”He promised that acquiring superfluous junk could be a ticket to a better life, even at a time when that life seems to be slipping further and further out of reach,” writes an elitist young author.

Smug journalists just cannot accept capitalism. Mays sold “as seen on TV” products like OxiClean detergent and Mighty Putty; products that he believed in and backed with a money-back guarantee. And people apparently loved the products, since Mays sold an estimated billion dollars worth of goods. He enriched himself by persuading people to voluntarily give him money.  His customers got goods they hadn’t known they'd wanted.  In practicing capitalism, Mays was more of a “public servant” than the regulators who claim to serve us by restricting it.

July 1, 2009 in Economics | Permalink | Share | User Comments (19)

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Wow. Had the author of that article spent 5 minutes watching the reality show on TV, "Pitchmen", he or she would have realized that the guy was solely intent on promoting products that would be useful to people - not just superfluous junk.

Then again, when the author goes on to allude to just needing nails and a hammer to hang pictures on the wall, I guess the guy hasn't lived in a house with drywall before.

Posted by: colson | Jul 1, 2009 12:32:51 PM

It's weird that something like this post even has to be committed to writing and explained to people.

Posted by: Bill K. | Jul 1, 2009 1:06:10 PM

Gee, I've almost always lived in houses with drywall and I've somehow had brains enough to hang things with nails. Colson: drywall has studs behind it.

Posted by: morgster | Jul 1, 2009 9:37:34 PM

Thanks morgster - you make a great point: there are people who will only hang pictures where there is a stud behind the wall and there are those who will hang pictures anywhere they want. Keep on thinking inside the box.

Posted by: colson | Jul 1, 2009 10:18:52 PM

Ha! That's funny, as I just read this article by Mises last night titled, "Is Advertising a Sham?".

http://mises.org/story/3519

Posted by: William | Jul 2, 2009 8:17:05 AM

Right Colson. Pitchmen showed Mays in a different light. How he and partner Sullivan made decisions on which products to pitch and seeing the man behind the yelling was great.

Posted by: gilmore | Jul 2, 2009 9:29:38 AM

Thanks for fighting the prevailing idiocy. Perhaps you can run for political office. If Franken can win...

Posted by: mattmc | Jul 2, 2009 9:33:08 AM

Good post. I agree.

The benefits of mutually beneficial, voluntary exchange is lost on most people who engage in it several times daily as if the standard of living we enjoy, even in these bad times, came about some other way.

Posted by: Seth | Jul 2, 2009 9:49:30 AM

Posted by: Vake | Jul 2, 2009 10:14:35 AM

Thank you John for another spot on post. www.apolloswabbie.blogspot.com

Posted by: Apolloswabbie | Jul 2, 2009 11:52:25 AM

BUT WAIT! THAT'S NOT ALL! He also encouraged innovation by supporting many individual inventors. Many of the products he sold were invented by individuals who had invested their savings or quit their jobs to follow an idea. Mr. Mays is an American hero if you ask me.

Posted by: TomB | Jul 2, 2009 12:58:07 PM

Mr. Stossel almost got it right. What really irks twentieth century liberal elites is that people are free to choose and thus always make the "wrong" choices, i.e., according to twentieth century liberal elitist standards. (Both Friedman and Sowell have written extensively on this, of course.)

Posted by: Mark | Jul 2, 2009 1:27:38 PM

Nothing wrong with pitchmen. Thomas Sowell noted that whenever two parties voluntairily exchange assets (money for product) no one has been cheated.

Posted by: William | Jul 2, 2009 6:35:59 PM

How ironic that Campbell should sneer at Billy Mays, when Campbell himself is purchasing what may the world's most questionably useful degree.

William A. Pannapacker, Ph.D. in English, writes about the academic profession for the Chronicle of Higher Education. In a recent column, he pointed out that only half of all doctorate holders -- after nearly a decade of preparation -- will ever find a tenure-track position, the academic equivalent of a full time job.

Pannapacker warns aspiring graduate students, "What almost no prospective graduate students can understand is the extent to which doctoral education in the humanities socializes idealistic, naïve, and psychologically vulnerable people into a profession with a very clear set of values. It teaches them that life outside of academe means failure, which explains the large numbers of graduates who labor for decades as adjuncts, just so they can stay on the periphery of academe."

Given a choice of professional values, I choose the values of the salesman over the values of the professor. The motives of the saleman are transparent. He wants the customer to buy. The values of the professor are carefully disguised. Behind the veneer of scholarly inquiry, he wants to exploit "naïve, and psychologically vulnerable people." Under the noble banner of knowledge, he promises that a superfluous degree is the ticket to a better life. Who is the better huckster here?

Professor Pannapacker concludes, "It's hard to tell young people that universities recognize that their idealism and energy — and lack of information — are an exploitable resource. For universities, the impact of graduate programs on the lives of those students is an acceptable externality, like dumping toxins into a river. If you cannot find a tenure-track position, your university will no longer court you; it will pretend you do not exist and will act as if your unemployability is entirely your fault. It will make you feel ashamed, and you will probably just disappear, convinced it's right rather than that the game was rigged from the beginning."

Posted by: Ben Rast | Jul 3, 2009 9:11:07 AM

How ironic that Campbell should sneer at Billy Mays, when Campbell himself is purchasing what may the world's most questionably useful degree.

William A. Pannapacker, Ph.D. in English, writes about the academic profession for the Chronicle of Higher Education. In a recent column, he pointed out that only half of all doctorate holders -- after nearly a decade of preparation -- will ever find a tenure-track position, the academic equivalent of a full time job.

Pannapacker warns aspiring graduate students, "What almost no prospective graduate students can understand is the extent to which doctoral education in the humanities socializes idealistic, naïve, and psychologically vulnerable people into a profession with a very clear set of values. It teaches them that life outside of academe means failure, which explains the large numbers of graduates who labor for decades as adjuncts, just so they can stay on the periphery of academe."

Given a choice of professional values, I choose the values of the salesman over the values of the professor. The motives of the saleman are transparent. He wants the customer to buy. The values of the professor are carefully disguised. Behind the veneer of scholarly inquiry, he wants to exploit "naïve, and psychologically vulnerable people." Under the noble banner of knowledge, he promises that a superfluous degree is the ticket to a better life. Who is the better huckster here?

Professor Pannapacker concludes, "It's hard to tell young people that universities recognize that their idealism and energy — and lack of information — are an exploitable resource. For universities, the impact of graduate programs on the lives of those students is an acceptable externality, like dumping toxins into a river. If you cannot find a tenure-track position, your university will no longer court you; it will pretend you do not exist and will act as if your unemployability is entirely your fault. It will make you feel ashamed, and you will probably just disappear, convinced it's right rather than that the game was rigged from the beginning."

Posted by: Ben Rast | Jul 3, 2009 9:11:29 AM

What about pitching overpriced cleaning supplies makes a man a hero? I think Campbell has a point.

Posted by: Justin | Jul 3, 2009 5:35:31 PM

If Billy Mays really did sell crap, at least it wasn't as individually expensive or socially harmful as the crap universities are selling graduate students in the humanities.

Posted by: Ben Rast | Jul 4, 2009 8:11:22 AM

Stossel and the rest of the far-Right are just *adorable* these days!

As their empire crumbles around them, they grasp at straws by elevating hucksters and carnival barkers like Billy Mays to hero status. Classic!

Thanks, John, for the laugh, and for the continued validation that the days of the empty-headed Right are indeed over.

Posted by: MemeInjector3000 | Jul 6, 2009 11:06:32 AM

I read the piece and didn't find it to be so anti-free market as you suggest. You take one sentence out of the entire piece, throw in a phrase like "elitist author," and I suppose you get the reaction you're after. This is just intellectually lazy.

John, are you writing this? I don't see an author reference on the site, but in my RSS reader I see Frank Mastropolo as author. What's up with that?

Posted by: todd | Jul 6, 2009 4:53:46 PM

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