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Re:Insider Trader Had All the Answers by TacticalCoder on Friday October 04, 2024 @09:57PM (#41747147)
> One thing I rarely hear people talk about is how many libertarians believe insider trading shouldn't be a crime.

One thing I very often hear talked about however is how libertarians are the root of all evil even though there are hardly any libertarians. It's, sadly I'd say, a totally insignificant chunk of the population and yet at every opportunity there shall be people like yourself using any excuse to accuse them of wrongthinking.

> And when you think about all the people who believe that insider trading is a positive good, you kind of have to conclude that it's rampant.

"all the people who believe that insider trading is a positive good". May I have some of what you're smoking? I honestly I think it tells much more about yourself than anything else.

Re:Insider Trader Had All the Answers by ants_everywhere on Friday October 04, 2024 @10:19PM (#41747253)
I'm sorry I hurt your feelings.

> there are hardly any libertarians

There are tons of libertarians in the US. If you're in Luxembourg (judging from your profile?) you may have fewer of them.

There was a big push in the 70s. Most of the ones I've known well grew up in the 70s and read more or less the same literature. The had some influence in econ in the 70s and 80s and their influence is less mainstream now, so you may have fewer younger ones. There are still lots of them in tech, especially in the bay area. Perhaps they still skew older, I don't know much about the demographics these days.

It's partially an American phenomenon because of the cold war and because it became a way for conservatives to --racism and ++drugs. Nowadays you don't need a third party for that.

> May I have some of what you're smoking?

- https://www.cato.org/commentary/its-time-legalize-insider-tr...

- https://mises.org/articles-interest/what-morally-right-insid...

- https://www.investopedia.com/articles/markets-economy/092216...

- https://www.reddit.com/r/changemyview/comments/2v3ikz/cmv_in...

- https://politics.stackexchange.com/a/20426

- https://www.pbs.org/wgbh/frontline/article/should-insider-tr...

Plus many more. Google around for "insider trading" plus some of the standard libertarian economics keywords like "coasian" or "austrian" and you can find some of the literature. I haven't tried smoking any of it, though, and can't advise it.

Re:Insider Trader Had All the Answers by Dylan16807 on Saturday October 05, 2024 @03:28AM (#41748268)
> It's, sadly I'd say, a totally insignificant chunk of the population and yet at every opportunity there shall be people like yourself using any excuse to accuse them of wrongthinking.

I don't understand where you're going with this paragraph. Whether they are wrong is unrelated to how many there are. And you don't need very many people to make insider trading happen.

And why are you using the term "wrongthink"? This is a discussion about actions and rules. Nobody's being punished for their thoughts and opinions, just called wrong in an internet comment. If I say people shouldn't like hot dogs I'm not accusing Chicago of wrongthink.

Re:Insider Trader Had All the Answers by saagarjha on Saturday October 05, 2024 @06:55AM (#41748989)
Despite there being so few somehow they are all exceptionally easy to spot…