Archive for May 24th, 2014

Back in 2011, I shared a video making the moral argument that adults should be allowed to buy and sell kidneys.

After all, if one person is made better off by selling a kidney and another person is made better off by buying a kidney, why should the rest of us be allowed to ban that voluntary exchange?

In a new video looking at anti-market bias, Professor Bryan Caplan of George Mason University uses kidney sales as an example of how capitalism yields great results.

So why is it against the law to buy and sell kidneys, particularly when the actual buyers and sellers – by definition – both benefit?

In 2010, I speculated that a knee-jerk fixation on the wrong kind of equality might be part of the answer. The current system, with long waiting lines and thousands of needless deaths, may be bad, but at least rich people suffer just as much as poor people.

…it is perplexing that statists are so viscerally opposed. The only interpretation I can come up with – which I admit is very uncharitable – is that they are willing to let people die because they are myopically fixated on equity. No system is acceptable, in their minds, unless it results in equal death rates by income class and equal kidney donations by income class.

In reality, a free market would benefit both rich and poor. Not only would some poor people get a lot of money by selling their spare kidneys, but poor people on dialysis would be far more likely to get transplants since private charities would be able to raise money to save their lives.

P.S. Professor Caplan is the creator of the “libertarian purity quiz.” I only got 94 out of 160 possible points, which doesn’t sound that impressive, but it was enough to get me classified as “hard core.”

P.P.S. In my posts about unemployment benefits, I’ve argued that there’s a big downside to giving people money on the condition that they don’t have a job. Simply stated, you trap people in unemployment.

And I’ve cited lots of academic evidence to support that hypothesis. And for those who prefer anecdotes, check out this story from Michigan and this example from Ohio.

I’ve even cited left-wing economists who admit that unemployment benefits translate into more joblessness. And this Michael Ramirez cartoon on the issue is both amusing and persuasive.

But one thing I haven’t done is share data from actual people without jobs. So here’s some data from a national scientific poll of unemployed Americans.

…80 percent agree that it “is giving me time to find the right position.” …82 percent of those receiving benefits said if their unemployment compensation were to run out prior to their finding a job, they would “search harder and wider for a job.” …48 percent agree that they “haven’t had to look for work as hard” thanks to unemployment compensation.

Gee, what a shocker. Endless unemployment benefits enable people to be less diligent about finding work. That may not be a big problem if people are out of the labor force for two months. But when politicians keep extending jobless benefits, you create permanent unemployment.

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