Only wacky if you think insider trading is a bad thing. There's a pretty vocal minority of economist who thinks it does more harm than good.

One of the most objective summaries I've seen is from the Federal Reserve Bank of Atlanta (1).

Subjectively: intentional or not, insider trading laws drastically protect and enhances wallstreet's information asymmetry advantage.

(1) https://www.frbatlanta.org/-/media/documents/research/public...