John Stossel, a libertarian host on the Fox Business Network (FBN), highlighted the issue of ticket scalping, which a large number of people oppose and some politicians are looking to ban the practice through legislation. In the interview with an economist, Stossel mentioned the Walter Block book titled “Defending the Undefendable.”
Here’s a question: why ban something that involves a voluntary exchange? Ticket scalping does not include coercion or force. If I want to go to a baseball game, a WWE event or a concert and the tickets are sold out, I can either not go to the performance or pay a few dollars extra for a ticket.
Enjoy the 5:19 video.