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Charles L. Hooper

Who Is Harmed by Insider Trading?

Charles L. Hooper
March 2, 2015

The late law and economics scholar Henry G. Manne argued cogently that laws against insider trading are a bad idea. In this month's Feature Article, Charles L. Hooper asks the question: Who is hurt by insider trading? Hooper shows that those who are hurt miss out on a 'dumb luck' chance to make a windfall and are even less deserving of that windfall than insiders are.
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What is the political legacy of the New Deal era? This month, Arnold Kling reviews Ira Katznelson's Fear Itself, which suggests the period was marked by fear and doubts about democratic capitalism. For Katznelson, the New Deal glass was left half-full, but Kling draws some different conclusions.
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FEATURED COLUMNS

THINKING STRAIGHT

Bill Gates walks into a bar. A dozen or so clients concentrate on their various drinks. Mr. Gates orders a small bottle of mineral water and drinks it. What happens? Anthony de Jasay tells this tale.
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AN ECONOMIST LOOKS AT EUROPE

Pedro Schwartz

Greece and the Euro, All Over Again

Pedro Schwartz
February 2, 2015
All eyes are on Greece this month, including Pedro Schwartz's. In his latest column, Schwartz argues that the euro could have been an effective brake on easy monetary policy and excessive government expenditures in Europe, but that it took too long, causing nations like Greece to cry out in despair. What will happen with the new Greek administration? Schwartz sees a game of chicken.
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