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"Indeed, the rage of theorists to make constitutions a vehicle for the conveyance of their own crude, and visionary aphorisms of government, requires to be guarded against with the most unceasing vigilance."
     -- Joseph Story
     Commentaries on the Constitution of the United States
     Book III, § 1857.
 

Friday, June 06, 2003

I have no patience for Martha Stewart, any more than for such publications as Good Housekeeping. (That doesn't keep my wife from subscribing to Good Housekeeping, but that's a different matter.) And I have no opinion on the insider-trading charges against her. But this is outrageous. If Martha Stewart proclaiming herself innocent is sufficient to support a charge of stock price manipulation against her, then the SEC's incessant trumpeting its case is sufficient to support that same charge against the SEC itself.

-- posted by Clayton 6/06/2003 04:35:00 PM


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