Symbolic Fairness

Congress is rapidly moving forward on legislation that would end the insider-trading exemption enjoyed by members of Congress. This is exactly the kind of law that Congress needs to pass–although for reasons that have more to do with the long-term consequences than the short-term effects of the law in question.

Now, current law actually isn't too unreasonable. Yes, the exemption gives members of Congress a huge advantage when constructing their stock portfolios. But having 535 people...