9 ms·
Only wacky if you think insider trading is a bad thing. There's a pretty vocal minority of economist who thinks it does more harm than good. One of the most ob
by latch 7y ago
Only wacky if you think insider trading is a bad thing. There's a pretty vocal minority of economist who thinks it does more harm than good.
One of the most objective summaries I've seen is from the Federal Reserve Bank of Atlanta (1).
Subjectively: intentional or not, insider trading laws drastically protect and enhances wallstreet's information asymmetry advantage.
(1) https://www.frbatlanta.org/-/media/documents/research/publications/economic-review/1997/vol82no4_hu-noe.pdf https://www.frbatlanta.org/-/media/documents/research/public...
- bernawil 7y ago"insider trading" is one of funniest many exceptions to the rules of capitalism. Like someone said "The financial system works! you support companies you think will do good for profit! it's great, it will regulate itself! Only, you can only bet with bad information and we'll make great expense into regulating you are not using good info!.