Citing ‘free market,’ Pelosi is defending her own unethical behavior

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The Washington Examiner reported Friday that House Speaker Nancy Pelosi and her husband Paul had bought “millions of dollars in call options for stocks including Disney, Google, and Salesforce.” This came only days after she had angrily pushed back against those asserting that membership in Congress is perhaps incompatible with such transactions.

Her excuse was that “we’re a free market economy, and [lawmakers] should be able to participate in that.”

This is nonsense. Public service is a choice. It is very reasonable to expect those who choose it to give up some freedoms. For one thing, they have to “settle” for a roughly $174,000 salary, whereas a successful business or professional career could be much more lucrative.

But more to the point, investments in individual stocks should be viewed with skepticism. Smart,…

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