Not Clearly Pro or Con to the question "Should Insider Trading by Congress Be Allowed?"
"...It is virtually unquestioned in America today that insider trading in the securities markets is a dastardly act. We must make a distinction here between trading by insiders and trading by insiders on the basis of nonpublic information. Insiders are legally allowed to buy and sell stocks...
...But what could be more immoral than someone's selling or buying stock on the basis of information he knows the other party lacks?
Put that way, maybe it doesn't seem so immoral after all. The idea that knowledge can ever be evenly distributed is one of those utopian pipe dreams the realization of which would require nothing less than secret police and gulags... [I]f the law prohibits people from exploiting knowledge advantages, they have less incentive to ferret out valuable knowledge and bring it to market..."
"The Fraud of Insider-Trading Law," Freedom Daily, Jan. 14, 2004
Experts Individuals with JDs, PhDs, other relevant advanced degrees, and government officials with significant involvement in, or related to, insider trading issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
Senior Fellow, The Future of Freedom Foundation (FFF)
Editor, The Freeman, Foundation for Economic Education
Contributor, Fortune Encyclopedia of Economics
Former Senior Editor, Cato Institute
Former Associate Editor, Inquiry magazine
Former Senior Editor, Institute for Humane Studies, George Mason University