Archive for October 20th, 2009

Antitrust Law: Another Bizarro World »

Peter Klein’s post about the bizarro world in which the SEC prefers not to define insider trading too carefully, lest that definition cramp the government’s prosecutorial style, reminds me of the similarly vague definition of price fixing for purposes of enforcing the antitrust laws. The best acccount I have seen of this matter comes from R....
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Rush Limbaugh and the Race Hustle »

In a recent op-ed for the Wall Street Journal, Rush Limbaugh defends his record (“I am not a racist”) and further points out the double standard allowing left-liberals off the hook for statements that are clearly racist. Limbaugh’s defense highlights several problems for libertarians and conservatives: First, playing defense 24/7 is no way to...
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Hope and Change in Memphis »

I spoke to the local Campaign for Liberty group last night and wanted to thank everyone who made it an excellent event. It was everything a speaker could want: a large and enthusiastic crowd (they said they counted 72 people, I think), great conversation, and excellent questions peppered with healthy skepticism. My long-run optimism...
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The Administration’s Brazen Corporatist Hypocrisy »

On Sunday, leading Obama officials criticized Wall Street, complaining about high bonuses, blaming business for high unemployment and seemingly protesting that financial institutions have both taken on too much risk and yet have not lent out enough money. The administration is not accepting much blame on its own for the unemployment and economic slump....
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The Bizarro World of Insider-Trading Regulation »

Unintentionally funny line yesterday from state radio: [Law professor Steve Thel] says the SEC’s been under pressure for years to clarify the definition of insider training, but the commission has been reluctant. Regulators worry if the rule is defined too tightly, it’ll be harder to enforce. To understand insider-trading regulations, read Henry Manne, early...
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