Amidst hostage scenarios, like the Hamas situation, it is important to remember why governments should not pay to have their nationals released. Paying for hostages to be released creates a perverse incentive in which more people are taken hostage to receive more payments. This is undoubtedly a subpar outcome.
Furthermore, any effort by governments to reclaim hostages makes their country’s nationals more prone to being taken hostage. Payments and alternative methods of extraction rely on the use of resources stolen from the taxpayer by the government. Let’s break it down.
The research paper “Bounties, Grants, and Market-Making Entrepreneurship” by David Lucas and Caleb Fuller finds that—in a variety of bounty programs (programs that pay out a reward to private actors for completing a certain task)—the government ends up increasing the production of whatever they were trying to eliminate, thus making the original problem worse.Putting this in other terms, […]
Read the Whole Article From the Source: mises.org
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