In addition, reporters seem to think they've done their job if they merely describe the intentions behind the proposed "reform." But the burden of proof should be on the sponsors of regulation and spending. They should have to make a convincing case that their new rules are superior to the free market. Who cares about intentions?

Fuel-efficiency standards, intended to save gasoline, give us less crashworthy cars, so more people die. Subsidies to American farmers destroy Third World markets. Fannie Mae and Freddie Mac encouraged shaky subprime mortgages and helped cause the housing and financial turmoil.

The long list of bad results that have emerged from well-intended regulation ought to dim reporters' enthusiasm. But it hasn't.

I admit that my guiding political and economic philosophy -- libertarianism -- now shapes my reporting, in this way: It prompts me to ask questions that others don't ask.

I don't claim to be the expert. But some of my colleagues who write about business know nothing about economics. Many are comically hostile to profit -- they dismiss it as "greed" (although they bargain for the highest salaries possible).

On my former ABC blog, some people called me a biased "conservative."

"Your (sic) a shill anyways John. dont (sic) let the door hit you in the you know what."

I'm surprised that the self-described enemies of intolerance can't tolerate even one MSM reporter who doesn't share their statist premises. The interventionist state has been the status quo for generations, so I must be something other than "conservative." "Liberal" is what my philosophy used to be called. It's the statists who are the reactionaries.

Not all the blog comments were hostile:

"Congratulations. The mind boggles at the thought of giving free reign on air to someone who actually understands economics."

"Stossel challenges conventional wisdom, so I hope Fox lets him do that."

I assume Fox will. My points of view on things like immigration, nation-building and the war on drugs differ from those of many at Fox, but libertarians like Judge Andrew Napolitano (http://tinyurl.com/lm2mpy) still seem to thrive there. The alleged "conservatives" are pretty tolerant.

I think they'll tolerate me. See you there next month.