Get the latest news, research, commentary and analysis on what is impacting your quality of life. From top scholars to regular citizens, this blog’s contributors make the latest in empirical research on economic freedom accessible and easy to understand, issue by issue.
Crony Capitalism Exposed
Mark A. Thiessen writes a Washington Post op-ed which addresses cronyism in Congress relating to insider trading:
Insider trading is illegal — except for members of Congress. A Wall Street executive who buys or sells stock based on insider information would face a Securities and Exchange Commission investigation and quite possibly a federal prosecutor. But senators and congressmen are free to legally trade stock based on nonpublic information they have obtained through their official positions as elected officials — and they do so on a regular basis.
Read the entire article here.