The Importance of Being a Member of Congress

Matt Welch: To get caught by our current suite of laws, you have to be universally so corrupt and so stupid that you explicitly lay out the insider information that you are acting on. The problem is that right now, you don't really have an effective enforcement scheme to determine how those decisions are linked with trades or actions as a lawmaker in the House of Representatives. He says we should just say no, this is not allowed. If the deal of being a member of Congress isn't sweet enough for you without the ability to manage an individual stock portfolio, then just don't run. We'll take folks who don't view that as central to their public service," he said.