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Action Paper

771 words - 4 pages

Insider trading is creating restrictions which limits ones freedom in investing. This restriction limits and even strongly advises the investor on how to invest properly, thus signifying that investors have no freedom. Freedom can be restored by convincing the people in congress to realize that restrictions lead to less economic growth. The action needed to minimize or end this restriction is that we, the people who want to see the United States prosper into a larger, more dominant economy, need to strategically convince congress to overturn the STOCK Act. The people mentioned above, specifically include investors of the stock market. I believe anyone who is also concerned with laissez-faire ...view middle of the document...

.. They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will. (Smith)
This section in Book II of The Wealth of Nations provides a strong argument from Smith arguing that the government shouldn't be focusing, or studying how people make use of their money. He then continues to argue that the governmental employees, specifically the United States congress, should only focus on their own usage of money, instead of others.
Freedom wasn't delivered either for Chiarella. Chiarella was an employee of a printer handling corporation. In his article he is titled a criminal for giving information to an investor. The article giving Chiarella the title of a criminal read, “The Supreme Court has wisely delimited the reach of these two deterrents to their strict satutory texts. In doing so, the court has rightly kept their powers in check, so they do only justice, not harm.” (CHIARELLA) In the article, Chiarella didn't have any intention of breaking the law. This is where the STOCK act takes away his freedom, and forces him to unintentionally break the...

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