A new study revealed that politicians are very good investors, earning significantly above-average returns when they put their own money in financial markets. CNBC interviewed me about this research and asked whether it was a sign of something akin to insider trading.
Regular readers know I’m a big foe of political corruption and have repeatedly made the point that big government facilitates sleazy behavior, but I try to be fair. As such, I warn in the interview that something doesn’t smell right, but that’s not proof of criminal activity.
[...] already confessed that I have very abnormal fantasies. And I have admitted on TV that my fantasies are rarely [...]
[...] I wish I had known these details when I went on TV to discuss congressional corruption earlier this year. [...]