Views
As a libertarian who has said he usually votes for the Libertarian Party, Stossel says that he believes in both personal freedom and the free market. He frequently uses television airtime to advance these views and challenge viewers' distrust of free-market capitalism and economic competition.
Stossel argues that individual self-interest creates an incentive to work harder and to innovate. He argues that this innovation makes the poor richer and the only way people "can get rich is to offer us something that we believe is better than we had before". He promoted school choice as a way to improve American public schools akin to the Belgian voucher system.
Stossel has criticized government programs for being inefficient, wasteful, and harmful. He has also criticized the American legal system, opining that it provides lawyers and vexatious litigators the incentive to file frivolous lawsuits indiscriminately. Although Stossel concedes that some lawsuits are necessary in order to provide justice to people genuinely injured by others with greater economic power, he advocates the adoption in the U.S. of the English rule as one method to reduce the more abusive or frivolous lawsuits.
Stossel opposes the minimum wage. Stossel believes that minimum wage laws make it unaffordable for employers to employ teenagers who are new to the workforce. Stossel also opposes corporate welfare and welfare more broadly, bailouts, seat belt laws, occupational licensing and the war in Iraq. He also opposes legal prohibitions against pornography, marijuana, recreational drugs, gambling, ticket scalping, prostitution, polygamy, and assisted suicide, and believes most abortions should be legal. He has said he supports the rule of law, gun rights, pollution control, and lower and simpler taxes. He has endorsed or explored various ideas in his specials and on his TV series for changing the tax system, including switching to a flat tax, and replacing the income tax with the FairTax.
Stossel argues that a country needs to have police and a national defense as laid out by the United States Constitution. Stossel acknowledges that Scandinavian countries have large welfare states, but says that they can only afford them "because they have a homogeneous culture and they have a fairly free private market to pay for it" while also commenting that they have no government-mandated minimum wage.
When the Department of Labor reissued federal guidelines in April 2010 governing the employment of unpaid interns under the Fair Labor Standards Act based on a 1947 Supreme Court decision, Stossel criticized the guidelines, appearing in a police uniform during an appearance on the Fox News program America Live, commenting, "I've built my career on unpaid interns, and the interns told me it was great – I learned more from you than I did in college." Asked why he did not pay them if they were so valuable, he said he could not afford to.
Stossel has falsely claimed that opposition to DDT has resulted in the deaths of millions of children. Stossel has advocated for abolishing the Food and Drug Administration.
In December 2014, Stossel stated that "There is no good data showing secondhand smoke kills people." The fact-checker website Politifact rated this statement "False", saying, "Stossel’s definition of 'good' might be different than ours, but there is plenty of scientific research and consensus that secondhand smoke does indeed kill people." In 2022, Stossel said that he used to donate to Wikipedia, however he stopped after learning about its left-wing bias.