Should "insider trading" be a crime?

Insider trading is not the evil that many presume it to me. Thomas Sowell addresses the problem with criminalizing insider tradingas well as other atempts at criminalizing the unfairness of life. Excerpt:

Politicians are forever coming up with ''solutions'' to virtually every imaginable imperfection in life. But, if we give them more power and more of our money, we are very unlikely to end up better off on net balance.

The history of 20th century despotism is a history of leaders claiming to solve their people's problems for them - and then creating tragedies worse than any of the problems that they were supposedly going to solve.

Eternal vigilance is only part of the price of freedom. The maturity to live with imperfections is another crucial part of the price of freedom. ...

The political left has increasingly vented its hostility to business by creating criminal statutes for things that do not do nearly as much harm as the activities of the career criminals whom liberals are so willing to excuse or to let off with light or suspended sentences.

Liberals like to equate crime in the streets with ''crime in the suites.'' But nobody is afraid to go out at night in their own neighborhood for fear that Martha Stewart will sell them some stock. The verbal parallels of the left have little to do with the realities of life.

Recent decades have seen the criminalization of everything from foreign policy to farm practices that inconvenience some worm or toad. Donating money to political candidates has become so enmeshed in criminal laws that the advantage is given to those who can afford to pay lawyers to tell them how to avoid getting trapped - or even how to circumvent the intentions of the law.