Dr. Robert Murphy presents a case for legalizing insider trading and how things would work without these laws. Stossel points out the illusion we have while insider trading is illegal and Dr. Murphy points out numerous huge crimes that have passed right through the reporting channels over the years.
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At first it seems counter-intuitive but did you know insider trading wasn't illegal until 1968? And of all things Congress had exempted itself from the insider trading laws until just this year. If the watchman isn't doing a good job then do we really need the watchman? Feel free to discuss below.
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