I moved to Harvard in 1998, and in 2000 the first kidney exchange in the United States was done at a hospital nearby. I started to think, 'Gee, there might be a way where I could help organize it, make it easier for people to find kidneys.'
A lot of people are surprised economists are assisting with kidney exchanges. Exchanges are what economists are good at.
When you're doing kidney transplants, you have to find out who can exchange kidneys with whom, doing blood tests to make sure it's true. You can't just work on the preliminary data. Then you have to organize the logistics.
In the 1990s music was a beautiful collaborative process between the composer, lyricist and director. They would exchange ideas and magic used to happen.
To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.
Bring market forces to bear on health care insurers. Creating a health care 'exchange,' one of the better ideas included in House Bill 3200, creates affordable, accessible and portable insurance for millions of Americans.
An 'exchange' would allow everyone to choose their health care insurance from a broad range of options - just like federal employees and Congress do right now - and allow their employer to help pay for it.
I think it's nice to age gracefully. OK, you lose the youth, a certain stamina and dewy glow, but what you gain on the inside as a human being is wonderful: the wisdom, the acceptance and the peace of mind. It's a fair exchange.
I think that connection with humans is so important. Sometimes I'll do this monologue and talk to the crowd, like, 'Come on, let's really connect here.' I don't think a lot of people understand it's a two-way exchange. Some people go to a show and are like, 'Yeah, you make me feel.' That's not how it works.
I had amazing intellectual privilege as a kid. My mom taught me to read when I was two or three. When I was five, I read and wrote well enough to do my nine-year older brother's homework in exchange for chocolate or cigarettes. By the time I was 10, I was reading Orwell, Tolstoy's 'War and Peace,' and the Koran. I was reading comic books, too.
