The Hill News

Widespread outrage over the recently passed STOCK Act, however justified, is misplaced, as it is directed toward a symptom, not the disease. The disease is the ever-growing micromanagement of the economy by the federal government. You can’t cure a cold by blowing your nose, and you can’t “cure” Washington by trying to restrict information flows.

Inside political information is valuable because legislative actions can have huge effects on industries, and there are few industries these days that don’t face political risks or opportunities in Washington. Subsidies, bailouts, taxes, regulations governing how you can do business---these are just a few of the ways in which Washington can make life miserable (or pleasant) for a corporation.

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