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The SEC registration requirements are a blatant violation of the freedom to contract. An individual should decide for themselves whether they will invest in a
by CryptoPunk 7y ago
The SEC registration requirements are a blatant violation of the freedom to contract.
An individual should decide for themselves whether they will invest in a venture, not have that decision made for them by politicians and opinionated busybodies.
- Kinnard 7y agoHow do we realize this freedom in practice though?
- CryptoPunk 7y agoCould you elaborate? You mean realize it by how we structure the law? The answer to that is to repeal all statutes not consistent with Common Law and moving forward, depend solely on Common Law, which has long-established principles limiting state overreach and establishing genuine consent.
- theamk 7y agoThat's how we ended up with Great Depression. We don't want this to happen again.
- CryptoPunk 7y agoThe Great Depression had nothing to do with people being free to buy stocks. It was a classic bubble being burst, followed by counter-productive government measures to prevent prices/wages from deflating (which they needed to do as the money supply contracted): https://www.eurekalert.org/pub_releases/2009-08/uoc--hps081909.php https://www.eurekalert.org/pub_releases/2009-08/uoc--hps0819... https://www.wsj.com/articles/SB123353276749137485 https://www.wsj.com/articles/SB123353276749137485
- elchupanebre 7y agoSEC requirement is a side effect of the fact that contracts are enforceable in a court of law.
- CryptoPunk 7y agoEvery conceivable agreement, written and unwritten, is enforceable in a court of law. By your rationale, this justifies gatekeeping every form of human interaction.
- elchupanebre 7y agoNo. Far from it. If you buy cocaine from Colombia your contract won't be enforceable in a court of law.
- CryptoPunk 7y agoI mean everything not prohibited. Your argument now is tautological.
- elchupanebre 7y agoYou are still wrong though :) Gambling contracts are legal in a lot of states. They are also generally not enforceable through courts. If my argument is tautological (I think not), yours is just factually wrong :)
- CryptoPunk 7y agoCan you give an example of a legal gambling contract that is unenforceable in court, and provide a source? >>If my argument is tautological (I think not), yours is just factually wrong :) At least you're admitting you were making a tautological argument.