The use of confidential information is illegal in the United States. Insider information is information about stocks that can be obtained in many ways to make large and abnormal gains in the stock market. A popular way to gather inside information is from direct employees of the company. Stock information can be illegal or legal. If the information is made public for all current or future investors to use, then it is not illegal. Illegal information becomes illegal when it is privatized by the public and used only by investors in the stock market. The act of using inside information is not considered illegal until the information is used in a stock market located in the United States, most commonly the New York Stock Exchange or NYSE. Investors should not worry if the information they receive is illegal. Instead, the government should become lenient and abolish the law that prohibits investors from using inside information. Investors must unite to protest Congress. If we abolish the law that prohibits investors from using inside information, then the overall economy will grow thanks to the freedom given by the government. Milton Friedman and Adam Smith both had similar ideas when it comes to laissez-faire, termed “let the economy be.” Laissez-faire is a theory that opposes any government interaction in economic affairs. Friedman, an American economist, statistician and writer who taught at the University of Chicago, believed that “a laissez-faire government policy would be more desirable than government intervention in the economy” (New World Encyclopedia). Friedman believed in laissez-faire government policy because he assumed it would help businesses… middle of paper… JR “Because legalized insider trading would be a disaster.” Delaware Journal of Corporate Law 38.1 (2013): 247-73. ProQuest. Network. March 21, 2014. Friedman, Milton. “Capitalism and freedom”. Chicago: The University of Chicago Press, 1962. eBook.Jagolinzer, Alan D. “SEC Rule 10b5-1 and Strategic Insider Trading.” Management Science 55.2 (2009): 224-39. ProQuest. Network. March 21, 2014. Matthews, Dylan. "Insider trading enriches and informs us and could prevent scandals. Legalize it..." The Washington Post July 26, 2013: n. page Print."Milton Friedman." - New World Encyclopedia. Np, November 19, 2013. Web. May 3, 2014. .Sabino, Anthony Michael, and Michael A. Sabino. "From Chiarella to Cubano: the continuing evolution of insider trading law." 2011.Web.Smith, Adam. The wealth of nations. New York: 1776. eBook.