A Nobel laureate in economics argues the bans we pass to protect our morals are quietly killing people and the data backs him up. Why the line between a market we allow and one we forbid is mostly an accident of disgust. Subscribe if you want science with evidence, not speculation.My guest won the 2012 Nobel Prize for designing the systems that match kidney donors to patients who would otherwise die waiting.We cover why it’s easy to buy heroin but hard to hire a hitman, what surrogacy bans actually do to the babies they’re meant to protect, why paying kidney donors could end a shortage that kills thousands a year, and the trade-off statement he wants every lawmaker to say out loud.He has been called an organ trafficker. He explains why that’s the point.What you’ll hear:Why banning something that people want often makes it more dangerousThe kidney market America won’t build and what that silence costsWhat the hitman vs. heroin ban asymmetry tells us about effective prohibitionThe McCormick statement: the trade-off acknowledgment most policy debates refuse to makeHow prediction markets are eroding the boundary between public and private informationWhether Milton Friedman was right to be embarrassed by the economics NobelThere’s no such thing as a solution. There are only trade-offs.CHAPTERSGet the transcript, fascinating bonus content, and my Monday M.A.G.I.C. Message: https://briankeating.com/ytHave a .edu email and live in the USA? You automatically win a meteorite: https://BrianKeating.com/eduSubscribe: https://www.youtube.com/DrBrianKeating?sub_confirmation=1Support Into the Impossible on Patreon, get my weekly M.A.G.I.C. Message, unfiltered bonus content, and live monthly Office Hours with me: https://www.patreon.com/drbriankeatingJoin this channel for perks, monthly Office Hours, and your name in the Member Roster at the end of every episode: https://www.youtube.com/channel/UCmXH_moPhfkqCk6S3b9RWuw/joinGet your three free gifts when you join my Multiverse of Minds: https://BrianKeating.com/cosmicFeatured Guest:Alvin Roth website: https://web.stanford.edu/~alroth/Moral Economics (book): https://www.amazon.com/Moral-Economics-Prostitution-Controversial-Transactions/dp/1541702018My books:Losing the Nobel Prize (memoir): http://amzn.to/2sa5UpAThink Like a Nobel Prize Winner: https://a.co/d/03ezQFuFocus Like a Nobel Prize Winner: https://a.co/d/hi50U9UGalileo’s Dialogue (first-ever audiobook): https://a.co/d/iZPi9UnTwitter/X: https://x.com/BrianKeatingSubstack: https://briankeating.substack.comBlog: https://briankeating.com/blogAudio-only: https://briankeating.com/podcast#intotheimpossible #briankeating #economics #NobelPrize #AlvinRoth #marketdesign #podcastLearn more about your ad choices. Visit megaphone.fm/adchoices